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Property profile & analytics
FOR LEASE
Office buildings
3594 E Tremont Ave Bronx, NY 10465
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-1846134
For Lease
1 / 2
$3,805,000
3594 E Tremont Ave, Bronx, NY 10465
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1915
Total area
16,255 SF
Lot
0.14 ac (5,954 SF)
Zoning code
R3A
APN
05543-0020
UPID
US63-1846134
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Joseph Battaglia Physician
-
A Counseling & Psychotherapy: Luthra Jasminder MD Physician
-
All Bronx Westchester Foot Care Medical Clinic
-
Iwaniw Ihor a MD Physician
-
Goldman Rachelle A Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$3.81M
Owner & transaction history
East Tremont Bh LLC · 1 yrs held
East Tremont Bh LLC
since 2024
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
R3A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.3M
+6.3%
Industrial (general)
$6.0M
+1.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bronx submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bronx submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,805,000
ML approach
$3,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,930,000
Current use
WAREHOUSE, STORAGE
$6,300,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,040,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10% · vs last sale $3.81M (Dec 4 2024)
Last sale anchor
$3.81M
Dec 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$234 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$98,569
Tax year 2024
Assessed value
$1,069,290
Assessed 2024
Previous assessed
$1,086,300
-1.6% YoY
Effective rate
9.22%
On assessed value
Assessed land
$202,500
Assessed improvement
$866,790
Land market value
$450,000
Improvement market value
$1,618,000
Total market value
$2,068,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1915
Heating
NONE
Buildings
1
Stories
2
Units
7
Total area
16,255 SF
Lot
0.14 ac (5,954 SF)
Zoning code
R3A
APN
05543-0020
UPID
US63-1846134
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Bronx, NY
Zoning R3A · permitted uses
R3A · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bronx. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$6.3M
INDUSTRIAL (GENERAL)
Est. value
$6.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
2
Buildings
1
Units
7
Lot
0.14 ac
Current owner
From public records · entity-resolved
East Tremont Bh LLC
Entity
Mailing address
415 E 90TH ST APT C, NEW YORK, NY 10128-5186
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
$3,805,000
East Tremont Bh LLC
Fsm Tremont LLC
Deed
$2,340,000 · Island Federal Credit Union
Jul 23, 2020
$1,975,000
Fsm Tremont LLC
Throggs Neck Urgent Care Corp
Grant Deed
—
Mar 11, 1996
$325,000
Throggs Neck Urgent Care Corp
Acevedo,jorge C & Alice
Grant Deed
$440,000 · Chase Manhattan Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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