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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Retail residential properties
871 217th St Bronx, NY 10467-5818
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0722724
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2015
Total area
10,119 SF
Lot
0.13 ac (5,713 SF)
Zoning code
R5D
APN
04676-0003
UPID
US63-0722724
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
-
Wesparkleclean Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$3.22M
Owner & transaction history
871 E217 Equities LLC · 2 yrs held
871 E217 Equities LLC
since 2023
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
R5D · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.9M
+71.3%
Industrial (general)
$3.8M
+64.2%
Office building
$3.7M
+61.2%
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
$3,050,000
ML approach
$3,180,000
CAP Approach
CAP Return
Estimation
6%
$3,490,000
6.5%
$3,225,000
7%
$2,990,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,290,000
Current use
WAREHOUSE, STORAGE
$3,920,000
Change: +71% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,760,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$3,690,000
Change: +61% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,160,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10% · vs last sale $3.45M (Dec 18 2023)
Last sale anchor
$3.45M
Dec 18 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
$318 / 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
$71,899
Tax year 2024
Assessed value
$575,100
Assessed 2024
Previous assessed
$540,450
+6.4% YoY
Effective rate
12.50%
On assessed value
Assessed land
$103,050
Assessed improvement
$472,050
Land market value
$229,000
Improvement market value
$1,307,000
Total market value
$1,536,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
1
Stories
4
Units
14
Total area
10,119 SF
Lot
0.13 ac (5,713 SF)
Zoning code
R5D
APN
04676-0003
UPID
US63-0722724
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5D · Bronx, NY
Zoning R5D · permitted uses
R5D · 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
$2.3M
WAREHOUSE, STORAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2015
Heating
NONE
Stories
4
Buildings
1
Units
14
Lot
0.13 ac
Current owner
From public records · entity-resolved
871 E217 Equities LLC
Entity
Mailing address
16 MIDDLE NCK RD #226, GREAT NECK, NY 11021-2357
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$3,450,000
871 E217 Equities LLC
871 E. 217 Realty LLC
Deed
—
Oct 22, 2020
—
871 E. 217 Realty LLC
—
Deed
related
$2,110,000 · Spencer Savings Bank, Sla
Sep 20, 2017
—
871 E 217 Realty LLC
Sharon Realty Ny Corp
Quit Claim Deed
—
Aug 16, 2017
$3,340,000
Sharon Realty Ny Corp
871 East 217 LLC
Grant Deed
—
Apr 15, 2016
—
871 East 217 LLC
—
Trustees Deed
related
$1,800,000 · Greater Hudson Bk NA
Feb 19, 2016
—
871 East 217 LLC
Lumaj,robert
Quit Claim Deed
—
Mar 18, 2014
$320,000
Robert Lumaj
White,paul
Grant Deed
—
May 7, 2007
$10
Paul White
White,jeannette & Paul
Grant Deed
related
—
—
—
Paul N White
—
Deed Of Trust
related
$36,000 · Citibank Fsb
—
—
Paul White
—
Deed Of Trust
related
$217,000 · Bank Of America
—
—
871 East 217 LLC
—
Loan Modification
related
$285,000 · Greater Hudson Bk NA
—
—
Paul White
—
Deed Of Trust
related
$70,000 · New Jersey Mortgage & Inv
—
—
Paul White
—
Deed Of Trust
related
$195,000 · Castle Point Mortgage INC
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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