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Property profile & analytics
FOR SALE
Apartment buildings
937 Croes Ave Bronx, NY 10473
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-0716926
For Sale
1 / 33
$1,200,000
937 Croes Ave, Bronx, NY 10473
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Total area
5,250 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6
APN
03660-0030
UPID
US63-0716926
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
18 Croes Realty LLC · 8 yrs held
18 Croes Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
R6 · 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
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
Blend value · Realmo final
$240k
Range $216k – $264k · ±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
$46 / 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
$278
Tax year 2024
Assessed value
$359,018
Assessed 2024
Previous assessed
$340,650
+5.4% YoY
Effective rate
0.08%
On assessed value
Assessed land
$8,300
Assessed improvement
$350,718
Land market value
$21,000
Improvement market value
$887,400
Total market value
$908,400
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
2004
Heating
NONE
Buildings
1
Stories
4
Units
7
Total area
5,250 SF
Lot
0.06 ac (2,500 SF)
Zoning code
R6
APN
03660-0030
UPID
US63-0716926
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Bronx, NYZoning R6 · permitted uses
R6 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
4
Buildings
1
Units
7
Lot
0.06 ac
Current owner
From public records · entity-resolved
18 Croes Realty LLC
Entity
Mailing address
937 CROES AVE, BRONX, NY 10473-4041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
—
18 Croes Realty, LLC
—
Deed
related
$383,139 · Popular Bank
May 11, 2018
—
18 Croes Realty LLC
18 Croes Realty LLC
Grant Deed
related
$4,000,000 · Popular Bk
Aug 1, 2016
—
18 Croes Realty LLC
—
Deed
related
$6,300,000 · Banco Popular
May 28, 2014
$895,000
18 Croes Realty LLC
937-939-1696 Cb LLC
Grant Deed
related
$149,048 · Banco Popular
Mar 14, 2013
—
937-939-1696 Cb LLC
—
Deed Of Trust
related
$1,438,888 · Investors Bank & Trust
Apr 15, 2009
—
937-939-1696 Cb LLC
937-939-1696 Cb LLC
Quit Claim Deed
related
—
—
—
18 Croes Realty LLC
—
Deed Of Trust
related
$1,429,556 · Banco Popular
—
—
937-939-1696 Cb LLC
—
Deed Of Trust
related
—
—
—
18 Croes Realty LLC
—
Loan Modification, Consolidation And Extension
related
$6,300,000 · Banco Popular
—
—
937-939-1696 Cb LLC
—
Deed Of Trust
related
$311,111 · Investors Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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