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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Schools
609 Jackson Ave, Bronx, NY 10455-3106
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-3906946
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1915
Total area
33,250 SF
Lot
0.12 ac (5,010 SF)
Zoning code
R7-1
APN
02623-0211
UPID
US63-3906946
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
-
Sunshine Learning Center of Jackson Ave LLC Training Center Tutoring Service
-
Storefront Academy Charter Schools - South Bronx High School
-
Slip And Fall Lawyer Bronx Law Firm
-
Car Accident Attorney Bronx Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$570k
Owner & transaction history
609 Jackson Holdings LLC · 11 yrs held
609 Jackson Holdings LLC
since 2014
7 recorded transactions
Zoning & alternative use
R7-1 · 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
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$705,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$17 / 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
$182,296
Tax year 2024
Assessed value
$1,721,070
Assessed 2024
Previous assessed
$1,654,740
+4.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$101,250
Assessed improvement
$1,619,820
Land market value
$225,000
Improvement market value
$3,935,000
Total market value
$4,160,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
7
Units
1
Total area
33,250 SF
Lot
0.12 ac (5,010 SF)
Zoning code
R7-1
APN
02623-0211
UPID
US63-3906946
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$705,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE 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
1915
Heating
NONE
Stories
7
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
609 Jackson Holdings LLC
Entity
Mailing address
PO BOX 446, LAKEWOOD, NJ 08701-0446
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2023
—
609 Jackson Holdings LLC
—
Deed
related
$574,650 · Tristate Capital Bank
Mar 28, 2019
—
609 Jackson Holdings LLC
—
Deed
related
$1,500,000 · Tristate Cap Bk
Apr 19, 2018
—
609 Jackson Holdings LLC
—
Deed
related
$7,000,000 · Tristate Cap Bk
Jan 23, 2017
—
609 Jackson Holdings LLC
—
Trustees Deed
related
$2,250,000 · Levon Capital LLC Levon Capital LLC
Dec 10, 2014
$2,250,000
609 Jackson Holdings LLC
Diane Export Corp
Deed
$1,465,000 · Signature Bank
—
—
609 Jackson Holdings LLC
—
Deed Of Trust
related
$1,500,000 · Tristate Cap Bk
—
—
609 Jackson Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$2,750,000 · Other Institutional Lenders
—
—
609 Jackson Holdings LLC
—
Deed Of Trust
related
$1,285,000 · Levon Capital LLC Levon Capital LLC
—
—
609 Jackson Holdings LLC
—
Deed Of Trust
related
$2,000,000 · Tristate Cap Bk
—
—
609 Jackson Holdings LLC
—
Loan Modification
related
$7,000,000 · Tristate Cap Bk
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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