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Property profile & analytics
OFF-MARKET
Estimated value
$9,830,000
Retail residential properties
765 214th St Bronx, NY 10467-5911
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1235555
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
27,249 SF
Lot
0.14 ac (6,250 SF)
Zoning code
R7A
APN
04662-0075
UPID
US63-1235555
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
$9.12M
CAP Approach
CAP
$8.68M
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$9.83M
Owner & transaction history
East 214 Tower LLC · 4 yrs held
East 214 Tower LLC
since 2022
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
R7A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.2M
+162.4%
Warehouse, storage
$10.6M
+71.3%
Industrial (general)
$10.1M
+64.2%
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
$11,225,000
ML approach
$9,120,000
CAP Approach
CAP Return
Estimation
6%
$9,400,000
6.5%
$8,680,000
7%
$8,060,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,165,000
Current use
RETAIL STORES
$16,180,000
Change: +162% · Conversion: Easy
WAREHOUSE, STORAGE
$10,560,000
Change: +71% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,125,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$9,940,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$9.83M
Range $8.85M – $10.81M · ±10% · vs last sale $11.00M (Jan 11 2022)
Last sale anchor
$11.00M
Jan 11 2022
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
$361 / 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
$2,844
Tax year 2024
Assessed value
$1,808,513
Assessed 2024
Previous assessed
$1,874,250
-3.5% YoY
Effective rate
0.16%
On assessed value
Assessed land
$172,223
Assessed improvement
$1,636,290
Land market value
$465,000
Improvement market value
$3,381,000
Total market value
$3,846,000
Applied tax rate
1.0000
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
2020
Heating
NONE
Buildings
1
Stories
7
Units
31
Total area
27,249 SF
Lot
0.14 ac (6,250 SF)
Zoning code
R7A
APN
04662-0075
UPID
US63-1235555
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7A · Bronx, NY
Zoning R7A · permitted uses
R7A · 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
$6.2M
RETAIL STORES
Est. value
$16.2M
WAREHOUSE, STORAGE
Est. value
$10.6M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
OFFICE BUILDING
Est. value
$9.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Stories
7
Buildings
1
Units
31
Lot
0.14 ac
Current owner
From public records · entity-resolved
East 214 Tower LLC
Entity
Mailing address
183 WILSON ST #390, BROOKLYN, NY 11211-7578
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
—
East 214 Tower LLC
—
Deed
related
$1,300,000 · Piermont Bank
Jan 11, 2022
$11,000,000
East 214 Tower LLC
765 E 214 LLC
Deed
$3,112,000 · Golden Bridge Funding LLC
Nov 20, 2020
—
765 E. 214 LLC
—
Deed
related
$5,000,000 · Northeast Community Bank
Oct 18, 2018
—
765 E 214 LLC
—
Deed
related
$585,000 · Rudolf Kats
Aug 31, 2018
$980,000
765 E 214 LLC
Adams,mazel
Grant Deed
—
—
—
765 E 214 LLC
—
Deed Of Trust
related
$585,000 · Rudolf Kats
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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