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Property profile & analytics
OFF-MARKET
Estimated value
$24,890,000
Parking lots & garages
951 Hoe Ave 2 Bronx, NY 10459-3619
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-3812793
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
2005
Total area
25,339 SF
Lot
1.85 ac (80,586 SF)
Zoning code
C4-4
APN
02742-1002
UPID
US63-3812793
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
-
Maleeya Inc - Your Happiness Is Our Business DJ & Entertainment Business Service Center
-
Sis house Apartment Building
-
99cent Discount Spot Discount Store
-
The boutique Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.63M
Blend (final)
Blend
$24.89M
Owner & transaction history
Bronx Nine LLC · 9 yrs held
Bronx Nine LLC
since 2017
5 recorded transactions
Zoning & alternative use
C4-4 · 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
$24.89M
Range $22.40M – $27.38M · ±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
$982 / 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
$1,521
Tax year 2024
Assessed value
$638,222
Assessed 2024
Previous assessed
$651,550
-2.0% YoY
Effective rate
0.24%
On assessed value
Assessed land
$15,650
Assessed improvement
$622,572
Land market value
$34,778
Improvement market value
$1,489,745
Total market value
$1,524,523
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
25,339 SF
Lot
1.85 ac (80,586 SF)
Zoning code
C4-4
APN
02742-1002
UPID
US63-3812793
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-4 · Bronx, NYZoning C4-4 · permitted uses
C4-4 · 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
2005
Heating
NONE
Stories
8
Buildings
1
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Bronx Nine LLC
Entity
Mailing address
995 E 8TH ST, BROOKLYN, NY 11230-3514
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2017
—
Bronx Nine LLC
Mmd Associates LLC
Quit Claim Deed
related
$2,800,000 · M&t Bk
Dec 2, 2016
$5,000,000
Bronx Nine LLC
Hoe Hoe Realty LLC
Grant Deed
$27,253 · Private Individual
Nov 30, 2007
$4,200,000
Hoe Hoe Rlty LLC
Aldus St LLC
Grant Deed
$3,300,000 · Manufacturers Traders & Trust
Dec 22, 2006
$10
Aldus St LLC
Senior Living Options INC
Grant Deed
related
—
—
—
Bronx Nine LLC
—
Loan Modification, Consolidation And Extension
related
$2,900,000 · Horizon Export Trading LLC
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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