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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Manufacturing properties
411 163rd St, Bronx, NY 10451-4155
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2326740
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2001
Total area
6,400 SF
Lot
0.67 ac (29,032 SF)
Zoning code
M1-1
APN
02391-0007
UPID
US63-2326740
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
-
Melrose Ready Mix Building Supply
-
Mastro Ready Mix, Inc Building Supply
-
Melrose Building Materials Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$3.94M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$3.48M
Owner & transaction history
411 East 163rd Street, LLC · 3 yrs held
411 East 163rd Street, LLC
since 2023
Last sale
$3.6M
1 recorded transaction
Zoning & alternative use
M1-1 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+95.9%
Retail stores
$3.8M
+59.8%
Warehouse, storage
$2.5M
+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
$3,220,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
$4,260,000
6.5%
$3,935,000
7%
$3,650,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,380,000
Current use
AUTO REPAIR, GARAGE
$4,660,000
Change: +96% · Conversion: Easy
RETAIL STORES
$3,800,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,480,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$2,335,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10% · vs last sale $3.64M (Mar 3 2023)
Last sale anchor
$3.64M
Mar 3 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
$544 / 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
$30,713
Tax year 2024
Assessed value
$289,960
Assessed 2024
Previous assessed
$296,820
-2.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$108,000
Assessed improvement
$181,960
Land market value
$240,000
Improvement market value
$536,000
Total market value
$776,000
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
HEAVY MANUFACTURING
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
6,400 SF
Lot
0.67 ac (29,032 SF)
Zoning code
M1-1
APN
02391-0007
UPID
US63-2326740
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2001
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
411 East 163rd Street, LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1420 136TH ST, COLLEGE POINT, NY 11356-2050
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
$3,640,000
411 East 163rd Street, LLC
Mastronardi Bros., INC.
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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