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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Schools
890 Washington Ave, Bronx, NY 10451-4604
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-1064492
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
2009
Total area
120,000 SF
Lot
0.95 ac (41,583 SF)
Zoning code
R8
APN
02366-0023
UPID
US63-1064492
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
-
Boricua College - Bronx Campus College
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Boricua College · 4 yrs held
Boricua College
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
R8 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.7M
+240.1%
Commercial (general)
$7.2M
+182.9%
Industrial (general)
$6.1M
+138.9%
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
$7,250,000
ML approach
$6,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,675,000
Change: +240% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,215,000
Change: +183% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,095,000
Change: +139% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,870,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±10% · vs last sale $7.10M (Apr 26 2022)
Last sale anchor
$7.10M
Apr 26 2022
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
$59 / 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
Assessed value
$15,814,800
Assessed 2024
Previous assessed
$16,157,250
-2.1% YoY
Assessed land
$1,404,000
Assessed improvement
$14,410,800
Land market value
$3,120,000
Improvement market value
$33,524,000
Total market value
$36,644,000
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
14
Units
1
Total area
120,000 SF
Lot
0.95 ac (41,583 SF)
Zoning code
R8
APN
02366-0023
UPID
US63-1064492
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8 · Bronx, NY
Zoning R8 · permitted uses
R8 · 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
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$7.2M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$4.9M
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Stories
14
Buildings
1
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Boricua College
Individual
Free & Clear · 4 yrs held
Mailing address
3755 BROADWAY, NEW YORK, NY 10032-1560
Ownership since
2022
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
Apr 26, 2022
$7,103,611
Boricua College
Elton Avenue LLC
Deed
—
Apr 26, 2022
$7,057,735
Sandwich Lessee LLC
Elton Avenue LLC
Deed
—
Mar 3, 2021
—
Metropolitan Transportation Authori
Midtown Trackage Ventures LLC
Correction Deed
related
—
Jan 20, 2021
—
College Boricua
Elton Avenue LLC
Grant Deed
related
—
May 13, 2020
$33,072,264
Metropolitan Transportation Au
Midtown Trackage Ventures LLC
Grant Deed
—
May 13, 2008
—
Boricua Village F LLC
—
Grant Deed
related
$9,625,058 · Housing Development Corp
Dec 31, 2007
—
Atlantic Dev Group LLC
City Of New York
Grant Deed
related
$1,227,451 · New York City (ny)
Dec 19, 2007
—
Elton Avenue LLC
Department Of Housing Preservatio
Grant Deed
related
$602,322 · New York City (ny)
—
—
City Of New York
—
Deed Of Trust
related
—
—
—
City Of New York
—
Deed Of Trust
related
—
—
—
City Of New York
—
Deed Of Trust
related
—
—
—
City Of New York
—
Deed Of Trust
related
—
—
—
Elton Avenue LLC
—
Deed Of Trust
related
$4,660,000 · Empowerment Reinvs Fund
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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