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Property profile & analytics
OFF-MARKET
Estimated value
$13,495,000
Retail residential properties
642 233rd St Bronx, NY 10466-2863
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-0000967
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1929
Total area
68,545 SF
Lot
0.41 ac (18,002 SF)
Zoning code
R6A
APN
04835-0059
UPID
US63-0000967
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
-
233rd Famous Deli Food Market Restaurant
-
Cardtronics ATM Atm
-
Tenares Gourmet Deli Grocery Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.24M
Blend (final)
Blend
$13.50M
Owner & transaction history
642-654 Whippersnapper LLC · 12 yrs held
642-654 Whippersnapper LLC
since 2013
7 recorded transactions
Zoning & alternative use
R6A · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,905,000
Current use
Blend value · Realmo final
$13.50M
Range $12.15M – $14.84M · ±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
$197 / 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
$241,366
Tax year 2024
Assessed value
$2,813,940
Assessed 2024
Previous assessed
$2,552,760
+10.2% YoY
Effective rate
8.58%
On assessed value
Assessed land
$202,500
Assessed improvement
$2,611,440
Land market value
$450,000
Improvement market value
$7,682,000
Total market value
$8,132,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1929
Heating
NONE
Buildings
3
Stories
5
Units
78
Total area
68,545 SF
Lot
0.41 ac (18,002 SF)
Zoning code
R6A
APN
04835-0059
UPID
US63-0000967
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6A · Bronx, NY
Zoning R6A · permitted uses
R6A · 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
COMMERCIAL (GENERAL) Current
Est. value
$16.9M
COMMERCIAL (GENERAL) 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
1929
Heating
NONE
Stories
5
Buildings
3
Units
78
Lot
0.41 ac
Current owner
From public records · entity-resolved
642-654 Whippersnapper LLC
Entity
Mailing address
111 BRK ST, SCARSDALE, NY 10583-5143
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jul 24, 2018
—
642-654 Whippersnapper LLC
—
Loan Modification
related
$11,043,000 · Cbre Multifamily Cap
Aug 20, 2013
$7,500,000
642-654 Whippersnapper LLC
642-654 E 233 Owner LLC
Grant Deed
—
Feb 3, 2012
—
642-654 E 233 Owner LLC
—
Grant Deed
related
$6,165,000 · New York Community Bank
Dec 28, 2010
—
1-9 Jacobus Place Owner LLC
—
Deed Of Trust
related
$119,238,000 · Federal Home Loan Mortgage Cor
Nov 16, 2010
$4,851,592
642-654 E 233 Owner LLC
642-654 E 233 LLC
Grant Deed
—
Nov 16, 2010
—
642-654 E 233 Owner LLC
—
Deed Of Trust
related
$4,851,592 · Federal Home Loan Mortgage Cor
Feb 14, 2007
$5,275,567
642-654 E 233 LLC
642 LLC
Grant Deed
$3,097,029 · Sovereign Bank
—
—
642-654 Whippersnapper LLC
—
Deed Of Trust
related
$3,050,000 · Bankunited Fsb
—
—
642-654 Whippersnapper LLC
—
Loan Modification, Consolidation And Extension
related
$8,850,000 · Bankunited Fsb
—
—
642-654 Whippersnapper LLC
—
Loan Modification
related
$5,800,000 · Signature Bank
—
—
642-654 Whippersnapper LLC
—
Deed Of Trust
related
$2,357,325 · Cbre Multifamily Cap
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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