New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Office buildings
798 Southern Blvd, Bronx, NY 10455-2115
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-6198971
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
10,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C8-3
APN
02729-0072
UPID
US63-6198971
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
-
Village Care Max Community Center
-
Royal Care Home Health Care Service
-
PT Of The City Hunts-Point Medical Clinic
-
U@Perks - The Bronx Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Emerest Properties LLC · 7 yrs held
Emerest Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
C8-3 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.9M
+6.3%
Industrial (general)
$3.7M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,645,000
Current use
WAREHOUSE, STORAGE
$3,875,000
Change: +6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,715,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$238 / 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
$82,049
Tax year 2024
Assessed value
$774,630
Assessed 2024
Previous assessed
$750,433
+3.2% YoY
Effective rate
10.59%
On assessed value
Assessed land
$56,250
Assessed improvement
$718,380
Land market value
$125,000
Improvement market value
$1,770,000
Total market value
$1,895,000
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
4
Units
5
Total area
10,000 SF
Lot
0.06 ac (2,500 SF)
Zoning code
C8-3
APN
02729-0072
UPID
US63-6198971
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-3 · Bronx, NY
Zoning C8-3 · permitted uses
C8-3 · 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
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
OFFICE BUILDING Current
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
1925
Heating
NONE
Stories
4
Buildings
1
Units
5
Lot
0.06 ac
Current owner
From public records · entity-resolved
Emerest Properties LLC
Entity
Mailing address
6323 14TH AVE, BROOKLYN, NY 11219-5311
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2019
$3,300,000
Emerest Properties LLC
798 Southern Blvd LLC
Grant Deed
—
May 16, 2019
—
Emerest Properties LLC
—
Deed
related
$2,640,000 · Israel Discount Bk/ny
Sep 4, 2018
—
798 Southern Blvd LLC
—
Deed
related
$800,723 · Silver Arch Cap Ptrs LLC
Jun 29, 2016
—
798 Southern Blvd LLC
—
Deed
related
$800,000 · Country Bank
Mar 17, 2015
$1,000
798 Southern Blvd LLC
Referee Of Bronx County|16 East 116th Street Corp
Trustees Deed
—
May 6, 2004
$765,000
16 E 116th St Corp
First Bronx/brooklyn LLC
Grant Deed
$600,000 · Centurion Equities LLC
—
—
Emerest Properties LLC
—
Loan Modification
related
$2,640,000 · Israel Discount Bk/ny
—
—
798 Southern Blvd LLC
—
Deed Of Trust
related
$800,723 · Silver Arch Cap Ptrs LLC
—
—
798 Southern Blvd LLC
—
Loan Modification
related
$1,600,000 · Silver Arch Cap Ptrs LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 798 Southern Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
