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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Investment properties
1450 Allerton Ave Bronx, NY 10469-5626
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-6155951
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1931
Total area
2,684 SF
Lot
0.06 ac (2,419 SF)
Zoning code
R4
APN
04480-0043
UPID
US63-6155951
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
-
New York Captioning Film Production Television Studio
-
5 Stars Meridian Travel Agency
-
Hip Hop Blvd Professional Organizer Association / Organization
-
Life NP Weight Loss Service Men'S Health Physician
-
Mobile4You Oil Change & Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$867k
Blend (final)
Blend
$625k
Owner & transaction history
Saverio E Marsicano · 14 yrs held
Saverio E Marsicano
since 2012
4 recorded transactions
Zoning & alternative use
R4 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+54.6%
Office building
$980,000
+45.5%
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%
$895,000
6.5%
$825,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$675,000
Current use
WAREHOUSE, STORAGE
$1,040,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$980,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$233 / 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
$15,203
Tax year 2024
Assessed value
$121,603
Assessed 2024
Previous assessed
$121,603
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$15,533
Assessed improvement
$106,070
Land market value
$70,000
Improvement market value
$478,000
Total market value
$548,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
2,684 SF
Lot
0.06 ac (2,419 SF)
Zoning code
R4
APN
04480-0043
UPID
US63-6155951
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R4 · Bronx, NY
Zoning R4 · permitted uses
R4 · 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
$675,000
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$980,000
COMMERCIAL (GENERAL) Current
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
1931
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.06 ac
Current owner
From public records · entity-resolved
Saverio E Marsicano
Individual
Mailing address
1450 ALLERTON AVE, BRONX, NY 10469-5626
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2021
—
Saverio Marsicano SR.
—
Deed
related
$14,267 · Serectary Of Housing And Urban Developme
Jul 11, 2012
$460,000
Saverio E Marsicano
Schorr,frances & Arnold
Grant Deed
$451,668 · Jersey Mortgage Co
May 12, 2008
—
Arnold Schorr
Schorr,arnold
Quit Claim Deed
related
$230,000 · Wells Fargo Bank
Jul 4, 2004
$280,000
Tomar Construction Corp
Schorr,arnold
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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