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Property profile & analytics
OFF-MARKET
Estimated value
$8,320,000
Office Spaces
950 Westchester Ave CFU Bronx, NY 10459-3219
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-1051760
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
28,764 SF
Zoning code
R7-1
APN
02703-1003
UPID
US63-1051760
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
-
Fine Fare Supermarkets Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
$8.86M
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$8.32M
Owner & transaction history
950 Commercial, LLC · 2 yrs held
950 Commercial, LLC
since 2023
Last sale
$8.6M
6 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$11.2M
+100.9%
Industrial (general)
$10.7M
+92.6%
Office building
$10.5M
+89.0%
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
$7,600,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
$9,600,000
6.5%
$8,860,000
7%
$8,230,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,550,000
Current use
WAREHOUSE, STORAGE
$11,150,000
Change: +101% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,690,000
Change: +93% · Conversion: Moderate
OFFICE BUILDING
$10,490,000
Change: +89% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,340,000
Change: +86% · Conversion: Moderate
Blend value · Realmo final
$8.32M
Range $7.49M – $9.15M · ±10% · vs last sale $8.60M (Oct 30 2023)
Last sale anchor
$8.60M
Oct 30 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
$289 / 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
$13,008
Tax year 2024
Assessed value
$2,354,986
Assessed 2024
Previous assessed
$2,390,400
-1.5% YoY
Effective rate
0.55%
On assessed value
Assessed land
$87,984
Assessed improvement
$2,267,002
Land market value
$195,521
Improvement market value
$5,492,000
Total market value
$5,687,521
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
28,764 SF
Zoning code
R7-1
APN
02703-1003
UPID
US63-1051760
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R7-1 · Bronx, NY
Zoning R7-1 · permitted uses
R7-1 · 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
$5.6M
WAREHOUSE, STORAGE
Est. value
$11.2M
INDUSTRIAL (GENERAL)
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.3M
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
2006
Heating
NONE
Stories
12
Buildings
1
Units
1
Current owner
From public records · entity-resolved
950 Commercial, LLC
Entity
Mailing address
4 EXECUTIVE BLVD STE #102, SUFFERN, NY 10901-4190
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
Oct 30, 2023
$8,595,000
950 Commercial, LLC
Flying Spur Associates LLC
Deed
$1,869,841 · Flushing Bank
Feb 12, 2019
—
Wp Bronx LLC
Capital Retail Developers LLC
Warranty Deed
related
—
Mar 1, 2017
—
Capital Retail Developers LLC
—
Loan Modification
related
$7,000,000 · Carver Fsb
Dec 28, 2009
—
Capital Retail Developers LLC
Ccba-westchester Hsng Dev Fund
Grant Deed
related
$425,218 · Carver Cdc Subsidiary Cde 13 L
Jul 28, 2006
—
Ccba-westchester Hsng Dev Fund
Westchester Avenue Ptrs LLC
Quit Claim Deed
related
$13,300,000 · New York City Housing Developm
—
—
Board Of Managers Of The 950 W
—
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.
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