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Property profile & analytics
OFF-MARKET
Estimated value
$11,135,000
Office buildings
4377 Bronx Blvd Bronx, NY 10466-1397
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1114604
Property summary
AI-generated overview
This exceptional three-story medical office building, located at 4377 Bronx Blvd in the Bronx, NY (zip code 10466), presents a compelling investment opportunity. The property boasts 46,350 square feet of space situated on a 32,148 square foot, irregularly shaped lot. Currently operating as a stabilized investment, it offers a strong net operating income (NOI) of $900,577, translating to a 6.67% capitalization rate. The asking price is $13,500,000, resulting in a price per square foot of $291.26. The building is classified as Class C and is zoned M1-1, providing flexibility for various medical uses. This single-building property is an excellent addition to any portfolio seeking stable income and potential for future appreciation within the thriving Bronx medical market. The property's prime location in Bronx County offers convenient access to major transportation routes and a dense population base. Detailed financial information and further property specifics are available upon request. Serious inquiries only.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1916
Total area
44,451 SF
Lot
0.74 ac (32,148 SF)
Zoning code
M1-1
APN
05035-0034
UPID
US63-1114604
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
-
Miledys Nolasco, MSW Physician
-
Rachel Ciota Physician
-
Xeron Lab Bronx Patient Service Center Medical Laboratory
-
Inhwa Ahn Alternative Medicine Practice Acupuncture
-
Toluwalope E. Alabi, LPN Registered General Nurse
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.54M
Blend (final)
Blend
$11.14M
Owner & transaction history
4377 Bronx Blvd Realty LLC · 5 yrs held
4377 Bronx Blvd Realty LLC
since 2021
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
M1-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$17.2M
+6.3%
Industrial (general)
$16.5M
+1.9%
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
$11,960,000
ML approach
$10,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,210,000
Current use
WAREHOUSE, STORAGE
$17,230,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$16,515,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$11.14M
Range $10.02M – $12.25M · ±10% · vs last sale $11.00M (Jan 19 2021)
Last sale anchor
$11.00M
Jan 19 2021
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
$251 / 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
$301,723
Tax year 2024
Assessed value
$2,848,590
Assessed 2024
Previous assessed
$2,715,390
+4.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$433,800
Assessed improvement
$2,414,790
Land market value
$964,000
Improvement market value
$6,407,000
Total market value
$7,371,000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1916
Heating
NONE
Buildings
1
Stories
3
Units
7
Total area
44,451 SF
Lot
0.74 ac (32,148 SF)
Zoning code
M1-1
APN
05035-0034
UPID
US63-1114604
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
OFFICE BUILDING Current
Est. value
$16.2M
WAREHOUSE, STORAGE
Est. value
$17.2M
INDUSTRIAL (GENERAL)
Est. value
$16.5M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1916
Heating
NONE
Stories
3
Buildings
1
Units
7
Lot
0.74 ac
Current owner
From public records · entity-resolved
4377 Bronx Blvd Realty LLC
Entity
Mailing address
2211 BROADWAY APT 3A, NEW YORK, NY 10024-6264
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2021
—
4377 Bronx Blvd Realty LLC
Snl Xx LLC
Quit Claim Deed
—
Dec 28, 2017
—
4377 Bronx Blvd Realty LLC
—
Loan Modification, Consolidation And Extension
related
$10,000,000 · Sterling Nat'l Bk
Jul 10, 2015
$11,000,000
4377 Bronx Blvd Realty LLC
4377 Bronx Blvd LLC
Deed
$3,719,806 · Avant Capital 4377 Bronx Blvd LLC
Jan 16, 2014
—
4377 Bronx Blvd LLC
Nereid Avenue Associates LP
Quit Claim Deed
—
—
—
4377 Bronx Blvd LLC
—
Loan Modification, Consolidation And Extension
related
$4,732,934 · Sterling Nat'l Bk
—
—
Nereid Avenue Assocs
—
Deed Of Trust
related
$4,250,000 · North Fork Bank
—
—
Nereid Avenue Assocs
—
Deed Of Trust
related
$1,721,767 · North Fork Bank
—
—
Nereid Avenue Associates LP
—
Deed Of Trust
related
$4,900,000 · Provident Savings Bank
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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