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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Retail residential properties
464 City Is Ave Bronx, NY 10464-1215
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-0047081
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2000
Total area
9,750 SF
Lot
0.25 ac (10,710 SF)
Zoning code
R3A
APN
05646-0007
UPID
US63-0047081
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
-
Janine Mantzaris Physician
-
City Island Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$1.84M
Owner & transaction history
460 City Island LLC · 12 yrs held
460 City Island LLC
since 2014
7 recorded transactions
Zoning & alternative use
R3A · 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
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
COMMERCIAL (GENERAL)
$2,310,000
Current use
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±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
$188 / 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
$32,342
Tax year 2024
Assessed value
$258,691
Assessed 2024
Previous assessed
$250,673
+3.2% YoY
Effective rate
12.50%
On assessed value
Assessed land
$4,844
Assessed improvement
$253,847
Land market value
$27,000
Improvement market value
$1,415,000
Total market value
$1,442,000
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
3
Units
10
Total area
9,750 SF
Lot
0.25 ac (10,710 SF)
Zoning code
R3A
APN
05646-0007
UPID
US63-0047081
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Bronx, NY
Zoning R3A · permitted uses
R3A · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
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
2000
Heating
NONE
Stories
3
Buildings
1
Units
10
Lot
0.25 ac
Current owner
From public records · entity-resolved
460 City Island LLC
Entity
Free & Clear · 12 yrs held
Mailing address
5314 16TH AVE #287, BROOKLYN, NY 11204-1425
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
—
181-187 City Island LLC
—
Loan Modification
related
$5,547,500 · Pcsb Bk
Jun 17, 2014
$1,650,000
460 City Island LLC
460/470 City Island Realty Ave
Grant Deed
—
Mar 23, 2006
$1,737,500
460 & 470 City Island Avenue I
Bastone,anthony
Grant Deed
$576,040 · New York Community Bank
—
—
460 City Island LLC
—
Loan Modification, Consolidation And Extension
related
$4,400,000 · First Nat'l Bk/long Island
—
—
181-187 City Island LLC
—
Deed Of Trust
related
$776,171 · Pcsb Bk
—
—
181-187 City Island LLC
—
Deed Of Trust
related
$152,500 · Pcsb Bk
—
—
460 City Island LLC
—
Deed Of Trust
related
$200,000 · First Nat'l Bk/long Island
—
—
460 City Island LLC
—
Deed Of Trust
related
$1,705,858 · Jp & Associates Props Corp
—
—
460 City Island LLC
—
Deed Of Trust
related
$422,033 · Mempei Realty Holdings LLC
—
—
460 City Island LLC
—
Loan Modification, Consolidation And Extension
related
$4,200,000 · Mempei Realty Holdings LLC
—
—
460 City Island LLC
—
Loan Modification
related
$2,950,000 · First Nat'l Bk/long Island
—
—
460 City Island LLC
—
Deed Of Trust
related
$2,950,000 · First Nat'l Bk/long Island
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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