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Property profile & analytics
FOR SALE
Auto shops
1341 Blondell Ave Bronx, NY 10461
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US63-3144972
For Sale
1 / 5
$2,850,000
1341 Blondell Ave, Bronx, NY 10461
View Listing →
Property summary
AI-generated overview
This 6,600-square-foot warehouse in the Bronx, New York (zip code 10461), presents a compelling investment opportunity. Situated on a 6,600-square-foot lot (APN 4072-19), this one-story building boasts dimensions of 75 feet by 88 feet. The property features a Certificate of Occupancy for auto repair (Use Group 16-17), making it immediately suitable for this purpose. The interior is naturally divided into two spaces: a 4,000-square-foot area and a 2,600-square-foot area, offering flexibility for various operational needs. Ceiling heights range from 14 to 17 feet, providing ample vertical space. The property includes a legally installed spray booth, adding significant value for auto repair businesses. Utilities include oil heat and robust 400-amp, three-phase electrical service. The annual real estate taxes are $36,170. The property is zoned M1-1. This warehouse is ready for immediate occupancy and presents a strong return on investment. Its location in the Bronx offers convenient access to major transportation routes and a thriving local market.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1949
Total area
6,600 SF
Lot
0.15 ac (6,750 SF)
Zoning code
M1-1
APN
04072-0019
UPID
US63-3144972
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
-
A & A Auto Body Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$695k
Owner & transaction history
Antonio Assalone · 29 yrs held
Antonio Assalone
since 1996
2 recorded transactions
Zoning & alternative use
M1-1 · 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$105 / 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
$34,318
Tax year 2024
Assessed value
$337,590
Assessed 2024
Previous assessed
$339,750
-0.6% YoY
Effective rate
10.17%
On assessed value
Assessed land
$54,000
Assessed improvement
$283,590
Land market value
$120,000
Improvement market value
$600,000
Total market value
$720,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1949
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
6,600 SF
Lot
0.15 ac (6,750 SF)
Zoning code
M1-1
APN
04072-0019
UPID
US63-3144972
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Bronx, NY
Zoning M1-1 · permitted uses
M1-1 · 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
1949
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Antonio Assalone
Individual
Mailing address
1341 BLONDELL AVE, BRONX, NY 10461-2618
Ownership since
1996
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
Oct 4, 1996
$375,000
Antonio Assalone
Dimaio,raymond
Grant Deed
$300,000 · Seller
—
—
Domenico Assalone
—
Deed Of Trust
related
$166,811 · Joanne Assalone
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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