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Property profile & analytics
OFF-MARKET
Estimated value
$3,040,000
Office buildings
726 Morris Park Ave, Bronx, NY 10462-3620
Entity Owned
~
Est. High Equity
Property ID
US63-3972631
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1930
Total area
7,954 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R5
APN
04034-0001
UPID
US63-3972631
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
-
Joseph A. Lucchese Funeral Home, Inc. Social Service Agency
-
Dr. Tracey Adkins, DDS Physician
-
Floral Express (Bike/Boat/Book/etc) Store Florist
-
SUTTON FLORIST (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.27M
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$3.04M
Owner & transaction history
726 Mpa LLC
726 Mpa LLC
since 2025
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
R5 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+62.8%
Warehouse, storage
$3.1M
+6.3%
Industrial (general)
$3.0M
+1.9%
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%
$3,540,000
6.5%
$3,270,000
7%
$3,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,900,000
Current use
RETAIL STORES
$4,720,000
Change: +63% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,085,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,955,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.74M – $3.34M · ±10% · vs last sale $3.00M (May 15 2025)
Last sale anchor
$3.00M
May 15 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
$382 / 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
$62,249
Tax year 2024
Assessed value
$587,700
Assessed 2024
Previous assessed
$598,320
-1.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$81,000
Assessed improvement
$506,700
Land market value
$180,000
Improvement market value
$1,128,000
Total market value
$1,308,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
7,954 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R5
APN
04034-0001
UPID
US63-3972631
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Bronx, NY
Zoning R5 · permitted uses
R5 · 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
OFFICE BUILDING Current
Est. value
$2.9M
RETAIL STORES
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1930
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
726 Mpa LLC
Entity
Mailing address
726 MORRIS PARK AVE, BRONX, NY 10462-3620
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2025
$3,000,000
726 Mpa LLC
Aaf Realty LLC
Deed
$1,500,000 · Columbia Capital II INC.
Jun 4, 2019
—
Aaf Realty LLC
—
Loan Modification
related
$2,100,000 · River Vly Bk
Jan 20, 2017
—
Aaf Realty LLC
Aaf Realty LLC
Quit Claim Deed
related
$1,388,000 · Flushing Bk
May 8, 2012
$1,400,000
Aaf Realty LLC
F Ruggiero & Sons INC
Deed
$700,000 · Citibank, N.a.
—
—
Aaf Realty LLC
—
Loan Modification, Consolidation And Extension
related
$1,388,000 · Flushing 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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