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Property profile & analytics
OFF-MARKET
Estimated value
$13,365,000
Schools
370 Gerard Ave Bronx, NY 10451-5432
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-6238600
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1931
Total area
14,400 SF
Lot
0.15 ac (6,550 SF)
Zoning code
M14R6A
APN
02344-0110
UPID
US63-6238600
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
-
Famliy Life Academy Charter School III High School
-
Samson Moving Storage Inc Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.37M
Owner & transaction history
Highbridge Facilities LLC · 5 yrs held
Highbridge Facilities LLC
since 2021
Last sale
$12.3M
7 recorded transactions
Zoning & alternative use
M14R6A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$13,365,000
ML approach
$9,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.37M
Range $12.03M – $14.70M · ±10% · vs last sale $12.29M (Jan 11 2021)
Last sale anchor
$12.29M
Jan 11 2021
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
$928 / 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
Assessed value
$1,230,570
Assessed 2024
Previous assessed
$1,310,850
-6.1% YoY
Assessed land
$31,500
Assessed improvement
$1,199,070
Land market value
$70,000
Improvement market value
$2,903,000
Total market value
$2,973,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
4
Units
1
Total area
14,400 SF
Lot
0.15 ac (6,550 SF)
Zoning code
M14R6A
APN
02344-0110
UPID
US63-6238600
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R6A · Bronx, NYZoning M14R6A · permitted uses
M14R6A · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
4
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Highbridge Facilities LLC
Entity
Mailing address
14 W 170TH ST, BRONX, NY 10452-3227
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
Highbridge Facilities LLC
Hb Foundation INC
Quit Claim Deed
$12,292,086 · Build Nyc Resource Corp
Jan 11, 2021
$12,292,086
Hb Foundation INC
Rm Flacs III Ny LLC
Grant Deed
—
Dec 4, 2019
$10,805,471
Rm Flacs III Ny LLC
Education Capital Solutions LLC
Deed
$450,000,000 · Us Bank NA
Feb 25, 2016
$3,795,499
Education Cap Solutions LLC
Cg Educational Holding Corp
Grant Deed
—
Feb 20, 2013
$1,600,000
Cg Educational Holding Corp
370 Ny LLC
Grant Deed
$2,815,356 · Carver Cdc-subsidiary Cde 1
Feb 19, 2013
—
Cg Educational Holding Corp
—
Deed Of Trust
related
$1,884,644 · Carver Cdc-subsidiary Cde 1
Sep 20, 2006
$1,500,000
370 Ny LLC
Deutsch,moshe
Grant Deed
—
—
—
Cg Educational Holding Corp
—
Deed Of Trust
related
$675,000 · Carver Fsb
—
—
Cg Educational Holding Corp|latino Pas
—
Loan Modification
related
$674,900 · Carver Fsb
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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