New search
Property profile & analytics
FOR LEASE
Office Spaces
400 East Fordham Rd, Bronx, NY 10458
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-0950794
For Lease
Contact for pricing
400 East Fordham Rd, Bronx, NY 10458
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
129,089 SF
Lot
0.49 ac (21,245 SF)
Zoning code
C4-4
APN
03033-1002
UPID
US63-0950794
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
-
Bronx Workforce 1 Site Safety Training Business Service Center Employment Agency
-
Middle School 228 High School
-
MHA of New York City Inc County Government Office
-
Paraprofessional Healthcare Charitable Organization Social Service Agency
-
Laura K. Nisco, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kite Realty Group, L.p. · 4 yrs held
Kite Realty Group, L.p.
since 2022
Last sale
$156.3M
7 recorded transactions
Zoning & alternative use
C4-4 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$174,841
Tax year 2024
Assessed value
$10,110,060
Assessed 2024
Previous assessed
$9,668,250
+4.6% YoY
Effective rate
1.73%
On assessed value
Assessed land
$989,550
Assessed improvement
$9,120,510
Land market value
$2,199,000
Improvement market value
$26,309,000
Total market value
$28,508,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Heating
NONE
Buildings
1
Stories
14
Units
1
Total area
129,089 SF
Lot
0.49 ac (21,245 SF)
Zoning code
C4-4
APN
03033-1002
UPID
US63-0950794
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NY
Zoning C4-4 · permitted uses
C4-4 · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
14
Buildings
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Kite Realty Group, L.p.
Entity
Free & Clear · 4 yrs held
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Ownership since
2022
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
May 11, 2022
$156,250,924
Kite Realty Group, L.p.
Krg Oak, LLC
Deed
—
Jan 11, 2022
$156,250,924
Krg Oak, LLC
Retail Properties Of America, INC.
Deed
—
Dec 2, 2013
$47,640,000
Rpai Fordham Place Office LLC
Fordham Place Office LLC
Grant Deed
—
Jan 15, 2009
$10,000,000
Fordham Place Office LLC
Acadia-p/a East Fordham Acquis
Grant Deed
—
Jan 15, 2009
—
Acadia-pa East Fordham Acquisi
—
Deed Of Trust
related
$1,930,757 · Eurohypo Ag New York Branch
—
—
Acadia E Fordham Acquisitions LLC
—
Deed Of Trust
related
—
—
—
Acadia-p Acquis
—
Deed Of Trust
related
—
—
—
Acadia-pa E Fordham Acquisitions LLC
—
Deed Of Trust
related
—
—
—
Acadia-pa East Fordham Acquisi
—
Deed Of Trust
related
$83,150 · Eurohypo Ag New York Branch
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
