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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Investment properties
849 Castle Hl Ave, Bronx, NY 10473-1337
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-4453101
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
3,250 SF
Lot
0.05 ac (2,035 SF)
Zoning code
R3-2
APN
03685-0040
UPID
US63-4453101
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
-
El Valle Tipico Restaurant Restaurant
-
El Valle Típico Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$534k
Blend (final)
Blend
$785k
Owner & transaction history
849 Castle Hill Ave LLC · 3 yrs held
849 Castle Hill Ave LLC
since 2023
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
R3-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+63.5%
Office building
$1.2M
+53.9%
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
$705,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$770,000
Current use
WAREHOUSE, STORAGE
$1,260,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,185,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $800k (May 24 2023)
Last sale anchor
$800k
May 24 2023
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
$242 / 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
$22,718
Tax year 2024
Assessed value
$181,715
Assessed 2024
Previous assessed
$168,285
+8.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$115,043
Assessed improvement
$66,672
Land market value
$264,000
Improvement market value
$153,000
Total market value
$417,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
3,250 SF
Lot
0.05 ac (2,035 SF)
Zoning code
R3-2
APN
03685-0040
UPID
US63-4453101
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Bronx, NY
Zoning R3-2 · permitted uses
R3-2 · 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
$770,000
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1931
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.05 ac
Current owner
From public records · entity-resolved
849 Castle Hill Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2840 210TH PL, BAYSIDE, NY 11360-2431
Ownership since
2023
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 2, 2024
—
849 Castle Hill Ave LLC
—
Deed
related
$715,000 · Flushing Bank
May 24, 2023
$800,000
849 Castle Hill Ave LLC
688 Realty, INC
Deed
—
May 13, 2013
$450,000
688 Realty INC
849 M&m Enterprise INC
Deed
$200,000 · Banco Popular North America
Jan 31, 2005
$375,000
849 M & M Enterprise INC
Cadiz & Padilla Real Estate Ma
Grant Deed
$450,000 · Broadway National Bank
—
—
849 M & M Ent INC
—
Deed Of Trust
related
$66,108 · New York National Bank
—
—
849 M & M Ent INC
—
Deed Of Trust
related
$480,000 · New York National Bank
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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