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Property profile & analytics
OFF-MARKET
Estimated value
$11,925,000
Warehouses
1037 Zerega Ave, Bronx, NY 10462-5401
Entity Owned
19-yr Hold
Free & Clear
Property ID
US63-4808799
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Total area
111,610 SF
Lot
0.92 ac (40,233 SF)
Zoning code
M2-1
APN
03827-0142
UPID
US63-4808799
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.93M
Owner & transaction history
Zerega Self Storage Nyc LLC · 19 yrs held
Zerega Self Storage Nyc LLC
since 2007
7 recorded transactions
Zoning & alternative use
M2-1 · 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%
$17,815,000
6.5%
$16,445,000
7%
$15,270,000
Blend value · Realmo final
$11.93M
Range $10.73M – $13.12M · ±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
$107 / 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
$115,080
Tax year 2024
Assessed value
$5,940,720
Assessed 2024
Previous assessed
$5,866,380
+1.3% YoY
Effective rate
1.94%
On assessed value
Assessed land
$279,000
Assessed improvement
$5,661,720
Land market value
$620,000
Improvement market value
$13,213,000
Total market value
$13,833,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
111,610 SF
Lot
0.92 ac (40,233 SF)
Zoning code
M2-1
APN
03827-0142
UPID
US63-4808799
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Bronx, NY
Zoning M2-1 · permitted uses
M2-1 · 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.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Zerega Self Storage Nyc LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 800729, DALLAS, TX 75380-0729
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2017
—
Zerega Self Storage Nyc LLC
—
Deed
related
$75,000,000 · Wells Fargo Bk
Nov 10, 2010
—
Flatlands Self Storage Nyc LLC
—
Deed Of Trust
related
$67,000,000 · Bank Of America
Dec 3, 2007
—
Flatlands Self Storage Nyc LLC
—
Deed Of Trust
related
$11,028,727 · Morgan Stanley Mtg Cap Holding
Mar 7, 2007
$26,761,481
Zerega Self Storage Nyc LLC
Zerega Self Storage LLC
Grant Deed
related
—
Dec 30, 2004
$4,900,000
Zerega Self Storage LLC
Ferro Enterprises Ny LLC
Grant Deed
$2,070,740 · Bank Of America
—
—
Flatlands Self Storage Nyc L
—
Deed Of Trust
related
$58,750,000 · Pnc Bank
—
—
Zerega Self Storage Nyc LLC
—
Loan Modification, Consolidation And Extension
related
$75,000,000 · Wells Fargo Bk
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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