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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Retail residential properties
972-976 Leggett Ave, Bronx, NY 10455
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-6214517
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1915
Total area
41,270 SF
Lot
0.25 ac (10,675 SF)
Zoning code
R7-1
APN
02684-0068
UPID
US63-6214517
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
$7.67M
Blend (final)
Blend
$5.76M
Owner & transaction history
Bronx Brooklyn Housing Development · 9 yrs held
Bronx Brooklyn Housing Development
since 2016
7 recorded transactions
Zoning & alternative use
R7-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.7M
+8.4%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,045,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,725,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±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
$140 / 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
$1,583,460
Assessed 2024
Previous assessed
$1,565,550
+1.1% YoY
Assessed land
$120,150
Assessed improvement
$1,463,310
Land market value
$267,000
Improvement market value
$3,478,000
Total market value
$3,745,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
5
Units
48
Total area
41,270 SF
Lot
0.25 ac (10,675 SF)
Zoning code
R7-1
APN
02684-0068
UPID
US63-6214517
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
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
COMMERCIAL (GENERAL) Current
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
1915
Heating
NONE
Stories
5
Buildings
1
Units
48
Lot
0.25 ac
Current owner
From public records · entity-resolved
Bronx Brooklyn Housing Development
Entity
Mailing address
641 LEXINGTON AVE, NEW YORK, NY 10022-4503
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2016
$7,690,515
Bronx Brooklyn Housing Development
Bsp Leggett Avenue LLC
Deed
$55,000,000 · New York State Housing Finance Agen
May 6, 2015
$5,500,000
Bsp Leggett Avenue LLC
972 Leggett Avenue Prop LLC
Grant Deed
$3,752,330 · Bankunited Fsb
Feb 17, 2015
—
972 Leggett Avenue Prop LLC
972 Leggett Avenue Owner LLC
Quit Claim Deed
—
Aug 11, 2014
—
972 Leggett Avenue Prop LLC
—
Loan Modification
related
$122,731,924 · Tuebor Captive Ins Co LLC
Jul 9, 2014
—
972 Leggett Avenue Owner LLC
—
Grant Deed
related
$13,000,000 · Ladder Cap Fin
Aug 22, 2007
—
101 Woodruff Avenue Owner Ll
—
Deed Of Trust
related
$133,000,000 · Barclays Capital R E INC
Jun 11, 2007
—
101 Woodruff Avenue Owner Ll
—
Deed Of Trust
related
$131,000,000 · Barclays Capital R E INC
May 4, 2007
$4,560,249
972 Leggett Avenue Owner LLC
Leggett Avenue Con LLC
Grant Deed
—
—
—
Leggett Avenue Con LLC
—
Deed Of Trust
related
$780,123 · Roslyn Savings Bank
—
—
820 Jackson Avenue Owner LLC|972 Leggett Avenue Ow
—
Loan Modification
related
$58,672,898 · Ladder Cap Fin
—
—
336 W 49 LLC
—
Loan Modification, Consolidation And Extension
related
$3,900,000 · Bankunited Fsb
—
—
Bsp Leggett Avenue LLC
—
Deed Of Trust
related
$372,669 · Bankunited Fsb
—
—
820 Jackson Avenue Owner LLC|972 Leggett Avenue Ow
—
Loan Modification
related
$73,610,429 · Ladder Cap Fin
—
—
Bsp Leggett Avenue LLC
—
Loan Modification
related
$3,752,330 · Bankunited Fsb
—
—
972 Leggett Avenue Owner LLC
—
Loan Modification
related
$58,672,898 · Ladder Cap Fin
—
—
972 Leggett Avenue Prop LLC
—
Deed Of Trust
related
$30,449,582 · Ladder Cap Fin
—
—
820 Jackson Avenue Owner LLC|972 Leggett Avenue Ow
—
Loan Modification
related
$122,731,924 · Ladder Cap Fin
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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