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Property profile & analytics
OFF-MARKET
Estimated value
$11,815,000
Manufacturing properties
1066 Zerega Ave Bronx, NY 10462-5477
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3861901
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Total area
30,050 SF
Lot
1.79 ac (77,885 SF)
Zoning code
M3-1
APN
03837-0001
UPID
US63-3861901
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
-
Precison Machine Industrial Manufacturer
-
G Energy Solution General Contractor
-
Weatherguard Marbleloid Ltd General Contractor Construction Company
-
Omega Development Corp. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.14M
Blend (final)
Blend
$11.82M
Owner & transaction history
1066 Zerega Avenue Industrial LLC · 3 yrs held
1066 Zerega Avenue Industrial LLC
since 2023
Last sale
$16.0M
2 recorded transactions
Zoning & alternative use
M3-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.8M
+59.8%
Warehouse, storage
$11.6M
+4.3%
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
$14,145,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,165,000
Current use
RETAIL STORES
$17,840,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,645,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$10,960,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$11.82M
Range $10.63M – $13.00M · ±10% · vs last sale $16.00M (May 2 2023)
Last sale anchor
$16.00M
May 2 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
$393 / 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
$106,434
Tax year 2024
Assessed value
$1,004,850
Assessed 2024
Previous assessed
$943,920
+6.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$464,850
Assessed improvement
$540,000
Land market value
$1,033,000
Improvement market value
$1,524,000
Total market value
$2,557,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
4
Stories
2
Units
3
Total area
30,050 SF
Lot
1.79 ac (77,885 SF)
Zoning code
M3-1
APN
03837-0001
UPID
US63-3861901
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Bronx, NYZoning M3-1 · permitted uses
M3-1 · Bronx, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.2M
RETAIL STORES
Est. value
$17.8M
WAREHOUSE, STORAGE
Est. value
$11.6M
OFFICE BUILDING
Est. value
$11.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1951
Heating
NONE
Stories
2
Buildings
4
Units
3
Lot
1.79 ac
Current owner
From public records · entity-resolved
1066 Zerega Avenue Industrial LLC
Entity
Mailing address
2818 STEINWAY ST, LONG ISLAND CITY, NY 11103-3349
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2023
$16,000,000
1066 Zerega Avenue Industrial LLC
Zerega Six Star, LLC
Deed
$10,465,000 · Flagstar Bank, N.a.
Jun 13, 2007
$2,000,000
Zerega Six Star LLC
Twin Pines Fuels Corp
Grant Deed
—
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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