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Property profile & analytics
OFF-MARKET
Estimated value
$55,340,000
Office buildings
3651 Bruckner Blvd, Bronx, NY 10461-4693
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-4255627
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2020
Total area
126,000 SF
Lot
0.4 ac (17,554 SF)
Zoning code
R7-1
APN
04239-0035
UPID
US63-4255627
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. Jonathan A. Sheindlin, MD Ophthalmologist
-
The Bronx Eye Center Medical Clinic Ophthalmologist
-
Dankner Eye Associates Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.78M
Comparable Approach
Comparable
$60.40M
Blend (final)
Blend
$55.34M
Owner & transaction history
Pelham So Tic LLC · 3 yrs held
Pelham So Tic LLC
since 2023
Last sale
$57.0M
2 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$91.7M
+73.9%
Retail stores
$74.8M
+41.9%
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
$50,435,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$56,095,000
6.5%
$51,780,000
7%
$48,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$52,740,000
Current use
AUTO REPAIR, GARAGE
$91,720,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$74,805,000
Change: +42% · Conversion: Moderate
WAREHOUSE, STORAGE
$48,840,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$46,820,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$55.34M
Range $49.81M – $60.87M · ±10% · vs last sale $57.04M (Mar 13 2023)
Last sale anchor
$57.04M
Mar 13 2023
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
$439 / 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
$1,177,596
Tax year 2024
Assessed value
$11,117,790
Assessed 2024
Previous assessed
$11,043,900
+0.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$400,500
Assessed improvement
$10,717,290
Land market value
$890,000
Improvement market value
$24,473,000
Total market value
$25,363,000
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
Off-Market
Year built
2020
Heating
NONE
Buildings
1
Stories
7
Units
5
Total area
126,000 SF
Lot
0.4 ac (17,554 SF)
Zoning code
R7-1
APN
04239-0035
UPID
US63-4255627
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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
$52.7M
AUTO REPAIR, GARAGE
Est. value
$91.7M
RETAIL STORES
Est. value
$74.8M
WAREHOUSE, STORAGE
Est. value
$48.8M
INDUSTRIAL (GENERAL)
Est. value
$46.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2020
Heating
NONE
Stories
7
Buildings
1
Units
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
Pelham So Tic LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2361 NOSTRAND AVE STE #901, BROOKLYN, NY 11210-3953
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
—
Pelham So Tic LLC
Aw Pelham LP
Deed
—
Mar 13, 2023
$57,044,793
Bp Group Bronx Tic LLC
Rester USA LP
Deed
—
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.
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