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Property profile & analytics
OFF-MARKET
Estimated value
$7,415,000
Industrial properties
2350 Lafayette Ave Bronx, NY 10473-1104
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2162372
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
136,181 SF
Lot
4.12 ac (179,380 SF)
Zoning code
M1-1
APN
03618-0001
UPID
US63-2162372
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
-
Pristine Auto-Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.42M
Owner & transaction history
2350 Lafayette Avenue LLC · 11 yrs held
2350 Lafayette Avenue LLC
since 2015
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$54 / 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
$1,344,640
Tax year 2024
Assessed value
$12,694,860
Assessed 2024
Previous assessed
$11,679,138
+8.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,996,650
Assessed improvement
$10,698,210
Land market value
$4,437,000
Improvement market value
$29,102,000
Total market value
$33,539,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
1
Stories
2
Units
2
Total area
136,181 SF
Lot
4.12 ac (179,380 SF)
Zoning code
M1-1
APN
03618-0001
UPID
US63-2162372
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Bronx, NYZoning 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
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
2
Buildings
1
Units
2
Lot
4.12 ac
Current owner
From public records · entity-resolved
2350 Lafayette Avenue LLC
Entity
Mailing address
5554 MAIN ST, WILLIAMSVILLE, NY 14221-5406
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2018
—
2350 Lafayette Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$58,859,000 · Wells Fargo Bk NA (ce)
Jan 4, 2018
—
2350 Lafayette Avenue LLC
—
Loan Modification, Consolidation And Extension
related
$44,500,000 · M&t Bk
Mar 9, 2017
—
2350 Lafayette Avenue LLC
—
Trustees Deed
related
$4,000,000 · M&t Bk
Aug 30, 2016
—
2350 Lafayette Avenue LLC
—
Deed
related
$1,625,000 · First Niagara Bank, N A
Mar 4, 2015
$22,250,000
2350 Lafayette Avenue LLC
2350 Lafayette Corp
Deed
$21,793,927 · First Niagara Bank, N.a.
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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