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Property profile & analytics
OFF-MARKET
Estimated value
$10,695,000
Warehouses
1571 Bronx Riv Ave 1579, Bronx, NY 10460-3101
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-0148574
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
37,600 SF
Lot
0.39 ac (16,995 SF)
Zoning code
M1-1
APN
03910-0115
UPID
US63-0148574
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
-
Parking lot Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.10M
Blend (final)
Blend
$10.70M
Owner & transaction history
Vernon II Bronx LLC · 8 yrs held
Vernon II Bronx LLC
since 2017
6 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,575,000
Current use
INDUSTRIAL (GENERAL)
$13,970,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$13,715,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$10.70M
Range $9.63M – $11.76M · ±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
$284 / 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
$130,485
Tax year 2024
Assessed value
$1,231,920
Assessed 2024
Previous assessed
$1,189,980
+3.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$79,200
Assessed improvement
$1,152,720
Land market value
$176,000
Improvement market value
$2,914,000
Total market value
$3,090,000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
37,600 SF
Lot
0.39 ac (16,995 SF)
Zoning code
M1-1
APN
03910-0115
UPID
US63-0148574
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.6M
INDUSTRIAL (GENERAL)
Est. value
$14.0M
OFFICE BUILDING
Est. value
$13.7M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1958
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Vernon II Bronx LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4641 VERNON BLVD, LONG ISLAND CITY, NY 11101-5308
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2017
$114,187
Vernon II Bronx LLC
Portchester Rising LLC
Grant Deed
—
May 24, 2013
$2,300,000
Portchester Rising LLC
Per Scholas INC
Grant Deed
—
Jan 3, 2007
$1,640,286
Per Scholas INC
1575 Bronx River Avenue LLC
Grant Deed
$1,235,000 · New York Business Dev Corp
—
—
Per Scholas INC
—
Deed Of Trust
related
$200,000 · Statewide Zone Cap Corp/new Yo
—
—
Portchester Rising LLC
—
Loan Modification
related
$1,667,378 · Qia Corp
—
—
1575 Bronx River Avenue LLC
—
Deed Of Trust
related
$1,000,000 · Empire State Certified Dev
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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