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Property profile & analytics
OFF-MARKET
Estimated value
$27,770,000
Retail residential properties
775 233rd St Bronx, NY 10466
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-1361303
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
102,760 SF
Lot
0.61 ac (26,501 SF)
Zoning code
R6A
APN
04997-0001
UPID
US63-1361303
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
-
775 E 233rd St Bronx, NY 10466 Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.66M
Comparable Approach
Comparable
$34.86M
Blend (final)
Blend
$27.77M
Owner & transaction history
761 East 233rd Street Associates Ll · 7 yrs held
761 East 233rd Street Associates Ll
since 2018
4 recorded transactions
Zoning & alternative use
R6A · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$39.8M
+57.2%
Industrial (general)
$38.2M
+50.7%
Office building
$37.5M
+47.9%
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%
$34,295,000
6.5%
$31,660,000
7%
$29,395,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,340,000
Current use
WAREHOUSE, STORAGE
$39,830,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$38,185,000
Change: +51% · Conversion: Moderate
OFFICE BUILDING
$37,480,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$27.77M
Range $24.99M – $30.55M · ±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
$270 / 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
$20,629
Tax year 2024
Assessed value
$8,291,395
Assessed 2024
Previous assessed
$8,304,750
-0.2% YoY
Effective rate
0.25%
On assessed value
Assessed land
$273,025
Assessed improvement
$8,018,370
Land market value
$593,000
Improvement market value
$17,999,000
Total market value
$18,592,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
1
Stories
7
Units
117
Total area
102,760 SF
Lot
0.61 ac (26,501 SF)
Zoning code
R6A
APN
04997-0001
UPID
US63-1361303
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
$25.3M
WAREHOUSE, STORAGE
Est. value
$39.8M
INDUSTRIAL (GENERAL)
Est. value
$38.2M
OFFICE BUILDING
Est. value
$37.5M
COMMERCIAL (GENERAL) Current
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
117
Lot
0.61 ac
Current owner
From public records · entity-resolved
761 East 233rd Street Associates Ll
Entity
Mailing address
1763 PITMAN AVE, BRONX, NY 10466-1905
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
761 East 233rd Street Associates Ll
—
Deed
related
$12,156,000 · Berkadia Commercial Mortgage LLC
Dec 19, 2019
—
761 East 233rd Street Associates Ll
—
Deed
related
$3,500,000 · Valley National Bank
Dec 26, 2018
$7,000,000
761 East 233rd Street Associates Ll
Rw 761 E 233 LLC
Deed
$3,500,000 · Signature Bank
Nov 14, 2017
$5,400,000
Rw 761 E 233 LLC
Ralph Iodice
Grant Deed
—
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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