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Property profile & analytics
OFF-MARKET
Apartment buildings
501 Commonwealth Ave 513 Bronx, NY 10473-3501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-6219534
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1932
Total area
46,680 SF
Lot
0.36 ac (15,800 SF)
Zoning code
R5
APN
03519-0001
UPID
US63-6219534
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bronx 469 Venture, LLC · 4 yrs held
Bronx 469 Venture, LLC
since 2021
Last sale
$91.0M
7 recorded transactions
Zoning & alternative use
R5 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$1,659,060
Assessed 2024
Previous assessed
$1,675,350
-1.0% YoY
Assessed land
$99,450
Assessed improvement
$1,559,610
Land market value
$221,000
Improvement market value
$3,522,000
Total market value
$3,743,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1932
Heating
NONE
Buildings
1
Stories
6
Units
58
Total area
46,680 SF
Lot
0.36 ac (15,800 SF)
Zoning code
R5
APN
03519-0001
UPID
US63-6219534
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Bronx, NYZoning R5 · permitted uses
R5 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1932
Heating
NONE
Stories
6
Buildings
1
Units
58
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bronx 469 Venture, LLC
Entity
Mailing address
501 COMMONWEALTH AVE, BRONX, NY 10473-3501
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Department Of Housing Preservation
—
Deed
related
—
Oct 4, 2021
$91,000,000
Bronx 469 Venture, LLC
Hp Rosedale Gardens Housing Develop
Deed
$64,800,000 · Capital One, National Association
Oct 4, 2021
—
Hp Rosedale Gardens Housing Develop
Spencer Equity Group LLC
Deed
—
Jan 8, 2020
—
Hp Rosedale Gadens Hdfc INC
—
Deed
related
$50,000,000 · Santander Bank, N A
Nov 8, 2017
—
Hp Rosedale Gardens Housing Develop
—
Deed
related
$2,000,000 · Signature Bank
Mar 8, 2016
—
Sjc 1 LLC
Academy Gardens LLC
Quit Claim Deed
related
—
Mar 8, 2016
$66,638,816
Rosedale Gardens Ny LLC
Sjc 1 LLC
Grant Deed
—
Jul 29, 2014
—
Academy Gardens LLC
—
Loan Modification, Consolidation And Extension
related
$37,000,000 · Signature Bank
Nov 22, 2005
$17,306,704
Academy Gardens LLC
Academy Gardens Bx Gen Ptshp
Grant Deed
$18,200,000 · North Fork Bank
—
—
Academy Gardens LLC
—
Deed Of Trust
related
$29,000,000 · Signature Bank
—
—
Academy Gardens LLC
—
Loan Modification, Consolidation And Extension
related
$37,000,000 · Signature Bk
—
—
Hp Rosedale Gardens Hsng Dev F
—
Loan Modification, Consolidation And Extension
related
$47,500,000 · Signature Bk
—
—
Academy Gardens LLC
—
Deed Of Trust
related
$33,000,000 · Signature Bank
—
—
Academy Gardens LLC
—
Deed Of Trust
related
$10,819,920 · Signature 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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