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Property profile & analytics
FOR LEASE
Office buildings
880 River Ave, Bronx, NY 10452
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-6165752
For Lease
$9,105,000
880 River Ave, Bronx, NY 10452
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1950
Total area
44,000 SF
Lot
0.44 ac (19,306 SF)
Zoning code
C63D
APN
02484-0009
UPID
US63-6165752
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
-
Lexitas Law Firm
-
S & A Sports llc (Bike/Boat/Book/etc) Store
-
Eye Care & Surgery Physician
-
Dugout Bar & Pub
-
Dr. Arthur Cotliar Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.11M
Owner & transaction history
880 River Ave LLC · 12 yrs held
880 River Ave LLC
since 2014
7 recorded transactions
Zoning & alternative use
C63D · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$207 / 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
$311,370
Tax year 2024
Assessed value
$2,939,670
Assessed 2024
Previous assessed
$2,661,300
+10.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$434,250
Assessed improvement
$2,505,420
Land market value
$965,000
Improvement market value
$6,818,000
Total market value
$7,783,000
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
For Lease
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Units
14
Total area
44,000 SF
Lot
0.44 ac (19,306 SF)
Zoning code
C63D
APN
02484-0009
UPID
US63-6165752
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C63D · Bronx, NY
Zoning C63D · permitted uses
C63D · 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.
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
2
Buildings
1
Units
14
Lot
0.44 ac
Current owner
From public records · entity-resolved
880 River Ave LLC
Entity
Mailing address
1412 BROADWAY 3RD FL #3, NEW YORK, NY 10018-3372
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
—
880 River Ave LLC
—
Deed
related
$8,042,023 · Signature Bk
Jan 9, 2014
$13,500,000
880 River Ave LLC
Ap-amsterdam 880 River LLC
Deed
$4,827,987 · Signature Bank
Aug 31, 2005
$8,250,000
Ap-amsterdam 880 River LLC
Alrose River LLC
Grant Deed
$1,347,333 · Fy 880 River LLC
Dec 22, 1997
$1,800,000
Nahar Realty LLC
880 Associates LP
Grant Deed
$1,080,000 · Carver Fsb
—
—
Signature Bk
—
Loan Modification
related
$9,000,000 · 880 River Ave LLC
—
—
Fy 880 River LLC
—
Deed Of Trust
related
$4,375,000 · New York Community Bank
—
—
880 River Ave LLC
—
Loan Modification
related
$8,042,023 · Signature Bk
—
—
Morgan Chase Jp
—
Deed Of Trust
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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