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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Retail residential properties
400 199th St, Bronx, NY 10458-2911
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-2116929
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1928
Total area
31,200 SF
Lot
0.13 ac (5,800 SF)
Zoning code
R7D
APN
03279-0035
UPID
US63-2116929
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.82M
Owner & transaction history
400 Webster Hsng Dev Fund Co I · 7 yrs held
400 Webster Hsng Dev Fund Co I
since 2019
7 recorded transactions
Zoning & alternative use
R7D · 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)
$7,795,000
Current use
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±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
$154 / 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
$939,690
Assessed 2024
Previous assessed
$865,800
+8.5% YoY
Assessed land
$91,350
Assessed improvement
$848,340
Land market value
$203,000
Improvement market value
$2,104,000
Total market value
$2,307,000
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
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
6
Units
36
Total area
31,200 SF
Lot
0.13 ac (5,800 SF)
Zoning code
R7D
APN
03279-0035
UPID
US63-2116929
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7D · Bronx, NY
Zoning R7D · permitted uses
R7D · 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
$7.8M
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
1928
Heating
NONE
Stories
6
Buildings
1
Units
36
Lot
0.13 ac
Current owner
From public records · entity-resolved
400 Webster Hsng Dev Fund Co I
Entity
Mailing address
400 E 199TH ST, BRONX, NY 10458-2911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 9, 2022
—
Department Of Housing Preservation
—
Deed
related
$1,889,295 · Jpmorgan Chase Bank NA
Jun 14, 2019
—
400 Webster Hsng Dev Fund Co I
400 Webster Associates LLC
Quit Claim Deed
related
—
Sep 7, 2017
—
400 Webster Associates LLC
—
Loan Modification, Consolidation And Extension
related
$4,300,000 · Jp Morgan Chase Bk
Jan 28, 2011
—
400 Webster Assocs LLC
—
Deed Of Trust
related
$3,315,000 · Sovereign Bank
—
—
400 Webster Associates LLC
—
Deed Of Trust
related
$630,663 · Sovereign Bank
—
—
400 Webster Associates LLC
—
Deed Of Trust
related
$900,000 · Astoria Federal S&l Assn
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$115,134 · Bayerische Hypo-und Vereinsban
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$164,732 · Bayerische Hypo-und Vereinsban
—
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
$207,962 · Deutsche Bk Tr Co Americas (ce
—
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
$131,472 · Deutsche Bk Tr Co Americas (ce
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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