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Property profile & analytics
OFF-MARKET
Estimated value
$7,245,000
Warehouses
4263 3rd Ave 4275, Bronx, NY 10457-4503
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1839538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
9,800 SF
Lot
0.25 ac (10,868 SF)
Zoning code
M14R7A
APN
03044-0088
UPID
US63-1839538
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
$7.25M
CAP Approach
CAP
$7.32M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$7.25M
Owner & transaction history
Tremont Park Facility LLC · 2 yrs held
Tremont Park Facility LLC
since 2024
Last sale
$7.2M
6 recorded transactions
Zoning & alternative use
M14R7A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.1M
+87.8%
Retail stores
$5.8M
+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
$7,245,000
ML approach
$7,245,000
CAP Approach
CAP Return
Estimation
6%
$7,925,000
6.5%
$7,315,000
7%
$6,790,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,135,000
Change: +88% · Conversion: Easy
RETAIL STORES
$5,820,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$7.25M
Range $6.52M – $7.97M · ±10% · vs last sale $7.25M (Jun 4 2024)
Last sale anchor
$7.25M
Jun 4 2024
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
$739 / 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
$68,974
Tax year 2024
Assessed value
$651,190
Assessed 2024
Previous assessed
$651,190
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$223,650
Assessed improvement
$427,540
Land market value
$497,000
Improvement market value
$1,109,000
Total market value
$1,606,000
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
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
9,800 SF
Lot
0.25 ac (10,868 SF)
Zoning code
M14R7A
APN
03044-0088
UPID
US63-1839538
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M14R7A · Bronx, NY
Zoning M14R7A · permitted uses
M14R7A · 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
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$5.8M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tremont Park Facility LLC
Entity
Mailing address
401 W 218TH ST, NEW YORK, NY 10034-1103
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$7,245,900
Tremont Park Facility LLC
Gilic Realty Corp.
Deed
$45,358,691 · Build Nyc Resource Corporation
Jun 4, 2024
—
Tremont Park Facility LLC
—
Deed
related
$9,441,308 · Build Nyc Resource Corporation
Apr 7, 2010
$1,690,000
Gilic Realty Corp
Smb Building Corp
Grant Deed
—
Oct 28, 2005
—
Smb Building Corp
Gerosa,francis X & Nancy C
Grant Deed
related
—
—
—
Brothers Roofing Supplies Co I
—
Deed Of Trust
related
$1,173,443 · Marathon National Bank Ny
—
—
Brothers Roofing Supplies Co I
—
Deed Of Trust
related
$1,500,000 · Marathon National Bank Ny
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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