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Property profile & analytics
FOR SALE
Retail residential properties
3961 Carpenter Ave Bronx, NY 10466
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-3273674
For Sale
1 / 11
$10,260,000
3961 Carpenter Ave, Bronx, NY 10466
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2012
Total area
40,660 SF
Lot
0.26 ac (11,202 SF)
Zoning code
R7-1
APN
04820-0020
UPID
US63-3273674
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
-
Interior. millwork & Door carpenter Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$8.43M
Owner & transaction history
3961 Carpenter Ave Assoc LLC · 13 yrs held
3961 Carpenter Ave Assoc LLC
since 2013
7 recorded transactions
Zoning & alternative use
R7-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,025,000
Current use
Blend value · Realmo final
$8.43M
Range $7.59M – $9.27M · ±10%
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
$207 / 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
$21,006
Tax year 2024
Assessed value
$2,401,200
Assessed 2024
Previous assessed
$2,448,900
-1.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$151,200
Assessed improvement
$2,250,000
Land market value
$336,000
Improvement market value
$4,457,000
Total market value
$4,793,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
2012
Heating
NONE
Buildings
1
Stories
6
Units
58
Total area
40,660 SF
Lot
0.26 ac (11,202 SF)
Zoning code
R7-1
APN
04820-0020
UPID
US63-3273674
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
COMMERCIAL (GENERAL) Current
Est. value
$10.0M
COMMERCIAL (GENERAL) Current
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
2012
Heating
NONE
Stories
6
Buildings
1
Units
58
Lot
0.26 ac
Current owner
From public records · entity-resolved
3961 Carpenter Ave Assoc LLC
Entity
Mailing address
1763 PITMAN AVE, BRONX, NY 10466-1905
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2020
—
3961 Carpenter Ave Assoc LLC
—
Deed
related
$9,975,000 · Newmark Knight Frank
Dec 5, 2019
—
3961 Carpenter Ave Assoc LLC
—
Loan Modification
related
$9,975,000 · Newmark Knight Frank
Jul 3, 2013
—
3961 Carpenter Ave Assoc LLC
3961 Carpenter Ave Assoc LLC
Quit Claim Deed
related
—
Apr 5, 2011
$1,085,000
3961 Carpenter Ave Assoc LLC
Saint Mary Church
Grant Deed
—
—
—
Ashleys Towers LLC
—
Loan Modification
related
$2,150,000 · Titan Cap Id
—
—
Ashleys Towers LLC
—
Deed Of Trust
related
$3,500,000 · Titan Cap Id
—
—
3961 Carpenter Ave Assoc LLC
—
Deed Of Trust
related
$1,871,752 · Newmark Knight Frank
—
—
3961 Carpenter Ave Assoc LLC
—
Deed Of Trust
related
$5,925,000 · M & T Bank
—
—
3961 Carpenter Ave Assoc LLC
—
Deed Of Trust
related
$375,000 · M & T Bank
—
—
3961 Carpenter Ave Assoc LLC
—
Deed Of Trust
related
$9,975,000 · Newmark Knight Frank
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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