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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
4239 Park Ave Bronx, NY 10457-4248
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0716493
Property summary
AI-generated overview
This exceptional 2,250 square foot warehouse, situated at 4239 Park Avenue in the Bronx, NY 10457, presents a compelling owner-user opportunity. Built in 1910, this single-story building features a 16-foot ceiling height and sits on a 3,242 square foot lot, offering ample space for operations and potential expansion. The property is zoned M1, allowing for a variety of industrial uses. Its strategic location provides unparalleled convenience, being just one block from the Tremont Avenue Metro North Station and a short walk from the Tremont Avenue Subway. Easy access to the I-95 (Cross Bronx Expressway) and Manhattan ensures seamless logistics and commuting. The surrounding area boasts a vibrant mix of amenities, including Little Italy, Western Beef, Dunkin', and Popeyes Louisiana Chicken, enhancing the property's appeal. The asking price is $1,299,000, translating to $577.33 per square foot. A full basement adds significant additional storage capacity. This property offers a unique blend of functionality, location, and growth potential, making it an ideal investment for discerning buyers.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1910
Total area
2,250 SF
Lot
0.07 ac (3,242 SF)
Zoning code
M1-1
APN
03027-0035
UPID
US63-0716493
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
-
Palumbo Iron Works General Contractor
-
Maria's Cargo Express Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$845k
Owner & transaction history
4239 Park Ave LLC · 1 yrs held
4239 Park Ave LLC
since 2025
2 recorded transactions
Zoning & alternative use
M1-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+53.2%
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
WAREHOUSE, STORAGE
$870,000
Current use
RETAIL STORES
$1,335,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$820,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$376 / 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
$11,487
Tax year 2024
Assessed value
$109,620
Assessed 2024
Previous assessed
$108,450
+1.1% YoY
Effective rate
10.48%
On assessed value
Assessed land
$29,250
Assessed improvement
$80,370
Land market value
$65,000
Improvement market value
$176,000
Total market value
$241,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,250 SF
Lot
0.07 ac (3,242 SF)
Zoning code
M1-1
APN
03027-0035
UPID
US63-0716493
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Bronx, NY
Zoning M1-1 · permitted uses
M1-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$870,000
RETAIL STORES
Est. value
$1.3M
OFFICE BUILDING
Est. value
$820,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
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
1910
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
4239 Park Ave LLC
Entity
Mailing address
100 GUINEA RD, BREWSTER, NY 10509-2612
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
$1,190,000
4239 Park Ave LLC
Quirino Palumbo
Deed
$936,000 · Td Bank NA
May 15, 2023
—
Quirino Palumbo
Silvio Palumbo
Intrafamily Transfer
related
—
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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