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384 E 149Th St,Unit The, Bronx, NY 10455
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Property summary
AI-generated overview
The Gotham Building, a six-story Class B medical office building, offers exceptional space in a highly accessible location. Situated at 384 E 149th St, on the corner of 3rd Avenue in the Bronx, NY 10455, this 69,780 square foot building underwent a complete renovation in 2023. The building boasts five suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 2,963 square feet, catering to a variety of medical practices. Two ADA-compliant elevators ensure convenient access throughout the building. Its convenient location offers unparalleled transit access, with subway stops directly at the building's corner and bus stops just steps away. Built in 1930 and recently modernized, the Gotham Building is zoned C4-4 and provides a blend of historical charm and contemporary functionality. This prime Bronx County location offers excellent visibility and accessibility for patients and staff alike. The building's multiple tenancy structure provides flexibility for various medical professionals seeking a well-maintained and conveniently located office space. This is an exceptional opportunity to establish or expand a medical practice in a thriving urban environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1930
Total area
69,780 SF
Lot
0.27 ac (11,631 SF)
Zoning code
C4-4
APN
02327-0054
UPID
US63-2729620
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Medical Clinic
-
Law Firm Insurance Agency
-
Alternative Medicine Practice
-
Dental Office
-
Dental Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.94M
Owner & transaction history
since 2011
7 recorded transactions
Zoning & alternative use
C4-4 · Bronx, NY
Top alternative use upside
Industrial (general)
$25.9M
+1.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$15.94M
Value range
$14.34M – $17.53M
±10% around blend
Estimated value / SF
$228 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$14.34M
blend $15.94M
$17.53M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
69,780 SF
Lot area
0.27 ac
Year built
1930
Stories
6
APN
02327-0054
Zoning
C4-4
Assessed value
$5,522,670
Annual tax
$584,961
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$584,961
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.94M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 58 sales
$365
-37%
County 58 sales
$365
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $228/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+2%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$24.96M
Move the market yield to see immediate price impact.
Value / SF
$358
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.57M
$31.45M
$22.47M
$17.47M
$1.75M
$34.95M
$24.96M
$19.42M
$1.92M
$38.44M
$27.46M
$21.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$584,961
Tax year 2024
Assessed value
$5,522,670
Assessed 2024
Previous assessed
$5,391,630
+2.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$265,500
Assessed improvement
$5,257,170
Land market value
$590,000
Improvement market value
$12,766,000
Total market value
$13,356,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1930
Heating
NONE
Buildings
1
Stories
6
Units
52
Total area
69,780 SF
Lot
0.27 ac (11,631 SF)
Zoning code
C4-4
APN
02327-0054
UPID
US63-2729620
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NYZoning C4-4 · permitted uses
C4-4 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
6
Buildings
1
Units
52
Lot
0.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C4-4
Jurisdiction
Bronx, NY
Recorded code
C4-4
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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