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3910 Seton Ave, Bronx, NY 10466-2445
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Estimated value (blended)
$380k
Range $342k – $418k (±10%)
Property ID
US63-3972701
Property summary
AI-generated overview
Exceptional investment opportunity awaits with this well-maintained six-unit apartment building situated at 3910 Seton Avenue in The Bronx, New York. This three-story, 1931-built property boasts a total of 5,292 square feet on a generous 50ft x 100ft lot, zoned R4-1. The building offers a strong net operating income (NOI) of $73,678, resulting in an attractive 7.37% capitalization rate at the asking price of $999,999. Two units are currently vacant, presenting immediate potential for increased revenue. Conveniently located between E 233rd St and Strange Ave, this property benefits from excellent public transportation access, being just one block from the Bx16 bus stop and an eight-minute walk to the Eastchester-Dyre train station. Adding to its appeal is a two-car garage. This multifamily investment presents a compelling opportunity in a desirable, transit-oriented Bronx neighborhood. The property's strong cash flow and prime location make it an ideal addition to any investment portfolio.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
5,292 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R4-1
APN
04961-0001
UPID
US63-3972701
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
-
Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$909k
Blend (final)
Blend
$380k
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
R4-1 · Bronx, NY
Top alternative use upside
Commercial (general)
$1.3M
+83.5%
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.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$380k
Value range
$342k – $418k
±10% around blend
Estimated value / SF
$72 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$342k
blend $380k
$418k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,292 SF
Lot area
0.11 ac
Year built
1931
Stories
3
APN
04961-0001
Assessed value
$229,089
Annual tax
$28,641
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
$28,641
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.10M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.3 mi away · 5,760 SF
4.2 mi away · 5,670 SF
4.8 mi away · 4,500 SF
4.9 mi away · 4,500 SF
6.3 mi away · 4,760 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$380k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 37 sales
$134
-47%
Submarket 818 sales
$145
-50%
County 816 sales
$145
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $72/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+83%
vs current-use indication
Apartment House (5+ Units) · 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
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
9.74%
Selected cap rate for this apartment buildings
Derived from the Bronx market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.74%
9.0%
NOI (est.)
$122k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.25M
Move the market yield to see immediate price impact.
Value / SF
$236
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
9.24%9.74%10.24%
$110k
$1.19M
$1.12M
$1.07M
$122k
$1.32M
$1.25M
$1.19M
$134k
$1.45M
$1.37M
$1.31M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$875k
1.2 mi · Feb 2026 · $161/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,641
Tax year 2024
Assessed value
$229,089
Assessed 2024
Previous assessed
$212,146
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$4,628
Assessed improvement
$224,461
Land market value
$16,000
Improvement market value
$776,000
Total market value
$792,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
6
Total area
5,292 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R4-1
APN
04961-0001
UPID
US63-3972701
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4-1 · Bronx, NYZoning R4-1 · permitted uses
R4-1 · 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
1931
Heating
NONE
Stories
3
Buildings
1
Units
6
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R4-1
Jurisdiction
Bronx, NY
Recorded code
R4-1
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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