Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4305 Furman Ave Bronx, NY 10466-1634
    Property profile & analytics

    4305 Furman Ave Bronx, NY 10466-1634

    View on Map
    • Apartment buildings
    • 34,440 SF
    • 0.18 lot acres
    Off-Market
    Last Sale May 23, 2025
    $3,425,000
    Property ID
    US63-2987635
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AMJ Group Family Daycare / Daycare Center

    Property Details for 4305 Furman Ave

    Year built
    1928
    Lot size
    0.18 lot acres
    Property size
    34,440 SF
    Zone code
    R5
    Property type
    Apartment buildings
    APN
    05043-0001
    APU
    50430001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,435,000
      ML approach
      $4,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,901,000
      Market price range: $2.09M - $7.03M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,630,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8554
    Latitude
    40.8956
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $67,538
    $46,800
    $1,441,140
    $1,487,940
    -
    $104,000
    $3,082,000
    $3,186,000

    Comparable in this City

    • Value Estimation
      $600,000
      3,240 SF

      685 226th St

      APARTMENT HOUSE (5+ UNITS) • 3,240 SF
      685 226th St, Bronx, NY 10466-3941
      View Details
    • Value Estimation by Request
      3,396 SF

      687 230th St

      APARTMENT HOUSE (5+ UNITS) • 3,396 SF
      687 230th St, Bronx, NY 10466-3855
      View Details
    • Value Estimation
      $3,090,000
      53,860 SF

      646 231st St

      APARTMENT HOUSE (5+ UNITS) • 53,860 SF
      646 231st St, Bronx, NY 10466-2930
      View Details
    • Value Estimation by Request
      3,108 SF

      928 224th St

      APARTMENT HOUSE (5+ UNITS) • 3,108 SF
      928 224th St, Bronx, NY 10466-4665
      View Details
    • Value Estimation by Request
      4,594 SF

      918 225th St

      APARTMENT HOUSE (5+ UNITS) • 4,594 SF
      918 225th St, Bronx, NY 10466-4648
      View Details
    • Value Estimation by Request
      1,038,034 SF

      Laconia Ave

      APARTMENT HOUSE (5+ UNITS) • 1,038,034 SF
      Laconia Ave, Bronx, NY 10466
      View Details

    Similar Nearby for Sale

    • $839,000
      Pending

      Large Lot Three-Family Home

      Three-family home with a double lot and detached garages.
      849 E 232Nd St, Bronx, NY 10466
      View Details
    • Contact for pricing
      50,830 SF

      Well-Maintained Multifamily Investment Property

      Five-story, 63-unit apartment building in Wakefield, Bronx.
      4116 Carpenter Ave, Bronx, NY 10466
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Bronx Two-Bedroom Walk-In Apartment

      Affordable two-bedroom apartment with potential in a convenient Bronx neighborhood.
      756 E 232Nd St, Bronx, NY 10466
      View Details
    • Contact for pricing

      Former Auto Repair Facility

      4,500 Sq. Ft. Warehouse Plus 3,000 Sq. Ft. Land.
      1678 E 233Rd St, Bronx, NY 10466
      View Details
    • Contact for pricing

      Retail Space in Bronx Center

      Retail space for lease with high traffic and parking.
      1217 E 233Rd St, Bronx, NY 10466
      View Details
    • Contact for pricing
      1,286 SF

      Retail Space on White Plains

      Retail space in a busy area with high foot traffic.
      4250-4264 White Plains Rd, Bronx, NY 10466
      View Details
    • Contact for pricing
      4,050 SF

      Bronx Warehouse Space Available

      4,050 SF warehouse space for rent in Bronx.
      4342 Bronx Blvd, Bronx, NY 10466
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4305 Furman Ave
    Bronx, NY 10466-1634
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4305 Furman Ave, Bronx, NY, 10466
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!