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Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Specialty properties
626 Pelham S Pkwy 636, Bronx, NY 10462-1001
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3152501
Property summary
AI-generated overview
This exceptional retail property at 626 Pelham Parkway South in the Bronx, New York (zip code 10462), offers 12,500 square feet of completely vacant space, ideal for multiple tenants. Currently configured as a bank, this adaptable space presents a unique opportunity for businesses seeking high-visibility locations in a bustling area. The property is divisible, with a minimum leasable space of 5,600 square feet and a maximum contiguous space of 6,900 square feet, providing flexibility for various business needs and expansion plans. Located in Bronx County, this property benefits from excellent street visibility and accessibility, making it an attractive option for a wide range of retail enterprises. The entire 12,500 square foot building is currently available for lease. This presents a rare chance to secure a substantial retail footprint in a prime Bronx location. The property's strategic location ensures high foot traffic and easy access for customers. Serious inquiries are encouraged to explore the possibilities of establishing a thriving business in this dynamic area. Contact us to schedule a viewing and discuss lease terms.
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1948
Total area
13,800 SF
Lot
0.23 ac (10,017 SF)
Zoning code
C4-4
APN
04317-0105
UPID
US63-3152501
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
$5.41M
Owner & transaction history
Pps Housing Development Fund Corpor · 1 yrs held
Pps Housing Development Fund Corpor
since 2025
Last sale
$4.7M
1 recorded transaction
Zoning & alternative use
C4-4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.7M
+124.9%
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
RETAIL STORES
$3,705,000
Change: +125% · Conversion: Difficult
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±10% · vs last sale $4.65M (Feb 24 2025)
Last sale anchor
$4.65M
Feb 24 2025
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
$392 / 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
$217,662
Tax year 2024
Assessed value
$2,054,970
Assessed 2024
Previous assessed
$2,012,510
+2.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$162,450
Assessed improvement
$1,892,520
Land market value
$361,000
Improvement market value
$4,333,000
Total market value
$4,694,000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1948
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
13,800 SF
Lot
0.23 ac (10,017 SF)
Zoning code
C4-4
APN
04317-0105
UPID
US63-3152501
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NY
Zoning C4-4 · permitted uses
C4-4 · 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
RETAIL STORES
Est. value
$3.7M
RETAIL STORES
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
1948
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pps Housing Development Fund Corpor
Entity
Mailing address
122 E 42ND ST FL #9, NEW YORK, NY 10168-0999
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
$4,650,000
Pps Housing Development Fund Corpor
Apple Bank
Deed
$4,817,500 · Supportive Housing Solutions Fund L
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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