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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Warehouses
533 Concord Ave, Bronx, NY 10455-4507
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4142339
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1931
Total area
6,792 SF
Lot
0.12 ac (5,075 SF)
Zoning code
R7-1
APN
02579-0028
UPID
US63-4142339
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
-
Jackson Concord Associates Construction Company
-
Mclean Associates Construction Company
-
Automatic Heating Supply Corporation Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$5.07M
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$4.00M
Owner & transaction history
Concord Residence LLC · 2 yrs held
Concord Residence LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+87.8%
Retail stores
$4.0M
+53.2%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$5,490,000
6.5%
$5,070,000
7%
$4,705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,635,000
Current use
AUTO REPAIR, GARAGE
$4,945,000
Change: +88% · Conversion: Easy
RETAIL STORES
$4,030,000
Change: +53% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,525,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$2,475,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (May 17 2024)
Last sale anchor
$4.00M
May 17 2024
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
$589 / 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
$31,277
Tax year 2024
Assessed value
$295,290
Assessed 2024
Previous assessed
$279,090
+5.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$68,400
Assessed improvement
$226,890
Land market value
$152,000
Improvement market value
$603,000
Total market value
$755,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
6,792 SF
Lot
0.12 ac (5,075 SF)
Zoning code
R7-1
APN
02579-0028
UPID
US63-4142339
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1931
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Concord Residence LLC
Entity
Mailing address
533 CONCORD AVE, BRONX, NY 10455-4507
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Concord Residence LLC
—
Deed
related
$14,350,000 · Argentic Real Estate Finance 2 LLC
May 17, 2024
$4,000,000
Concord Residence LLC
New Concord Realty LLC
Deed
$8,000,000 · Broadview Capital LLC
Aug 10, 2023
—
528 Jackson Realty LLC
—
Deed
related
$172,057 · Levon Ny Lcxxiii LLC
Jun 10, 2021
—
New Concord Realty LLC
533-531 Concord LLC
Deed
—
Feb 27, 2020
—
533-531 Concord LLC
—
Deed
related
$1,200,000 · Levon Ny Xx LLC
Nov 29, 2019
—
533-531 Concord LLC
—
Deed
related
$1,150,000 · 533 Concord Funding LP
Jul 25, 2018
—
533-531 Concord LLC
Kar-kar Realty Corp
Grant Deed
related
—
Jan 3, 2018
$1,450,000
533-531 Concord LLC
Kar-kar Realty Corp
Grant Deed
—
—
—
533-531 Concord LLC
—
Deed Of Trust
related
$1,150,000 · 533 Concord Funding LP
—
—
533-531 Concord LLC
—
Deed Of Trust
related
$50,000 · Levon Ny Xx LLC
—
—
533-531 Concord LLC
—
Loan Modification
related
$1,200,000 · Levon Ny Xx LLC
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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