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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Hotels
4720 Park Ave Bronx, NY 10458
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-6195974
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2021
Total area
22,396 SF
Lot
0.09 ac (3,872 SF)
Zoning code
C45X
APN
03041-0042
UPID
US63-6195974
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
$2.48M
CAP Approach
CAP
$3.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Park Hotel Bronx LLC · 5 yrs held
Park Hotel Bronx LLC
since 2020
Last sale
$2.2M
3 recorded transactions
Zoning & alternative use
C45X · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+376.7%
Retail stores
$3.3M
+317.6%
Auto repair, garage
$3.2M
+299.5%
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
$2,525,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
$3,350,000
6.5%
$3,095,000
7%
$2,870,000
Alternative Use
Use
Estimation
RESTAURANT
$3,820,000
Change: +377% · Conversion: Difficult
RETAIL STORES
$3,345,000
Change: +318% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,200,000
Change: +300% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,735,000
Change: +117% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,510,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: +80% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,435,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.20M (Aug 26 2020)
Last sale anchor
$2.20M
Aug 26 2020
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
$105 / 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
$252,419
Tax year 2024
Assessed value
$2,383,110
Assessed 2024
Previous assessed
$1,300,770
+83.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$121,860
Assessed improvement
$2,261,250
Land market value
$310,000
Improvement market value
$5,025,000
Total market value
$5,335,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
1
Stories
6
Units
2
Total area
22,396 SF
Lot
0.09 ac (3,872 SF)
Zoning code
C45X
APN
03041-0042
UPID
US63-6195974
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C45X · Bronx, NY
Zoning C45X · permitted uses
C45X · 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
RESTAURANT
Est. value
$3.8M
RETAIL STORES
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2021
Heating
NONE
Stories
6
Buildings
1
Units
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Park Hotel Bronx LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8721 144TH ST, JAMAICA, NY 11435-3121
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
—
Park Hotel Bronx LLC
—
Deed
related
$3,700,000 · Hanover Community Bank
Aug 26, 2020
$2,200,000
Park Hotel Bronx LLC
Lloyd Emil Realty LLC
Grant Deed
—
Oct 4, 2006
—
Emil Lloyd Realty LLC
L New High Installation INC
Trustees Deed
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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