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Property profile & analytics
OFF-MARKET
Auto shops
462 11th Ave New York, NY 10018-1011
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-3550616
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1920
Total area
4,938 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C6-4
APN
00709-0003
UPID
US63-3550616
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
-
Volkswagen Service Center NYC Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bifrost Land LLC · 12 yrs held
Bifrost Land LLC
since 2014
7 recorded transactions
Zoning & alternative use
C6-4 · New York, 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 New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York 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
—
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
$242,192
Tax year 2024
Assessed value
$2,286,560
Assessed 2024
Previous assessed
$2,276,065
+0.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$1,653,253
Assessed improvement
$633,307
Land market value
$3,462,619
Improvement market value
$2,000,000
Total market value
$5,462,619
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
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
4,938 SF
Lot
0.34 ac (14,810 SF)
Zoning code
C6-4
APN
00709-0003
UPID
US63-3550616
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C6-4 · New York, NY
Zoning C6-4 · permitted uses
C6-4 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Bifrost Land LLC
Entity
Mailing address
462 11TH AVE, NEW YORK, NY 10018-1011
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Bifrost Land LLC
—
Deed
related
$112,500 · Gulf Investment Group, LLC
Jun 25, 2020
—
Bifrost Land LLC
—
Deed
related
$3,825,000 · Ludwick China LLC
Jul 8, 2014
$24,300,000
Bifrost Land LLC
Mutual LLC
Deed
$48,900,000 · Ubs Real Estate Securities INC.
Jul 19, 2011
—
554 West 38th Street LLC
—
Deed Of Trust
related
$13,624,655 · Peoples United Bank
—
—
554 West 38th Street LLC
—
Loan Modification
related
$12,000,000 · Israel Discount Bank New York
—
—
Mutual LLC
—
Deed Of Trust
related
$1,400,000 · Alpine Capital Bank
—
—
Mutual LLC
—
Deed Of Trust
related
$6,804,588 · Peoples United Bank
—
—
Bifrost Land LLC
—
Deed Of Trust
related
$3,825,000 · Ludwick China LLC
—
—
Mutual LLC
—
Deed Of Trust
related
$3,343,311 · Bank Of Smithtown
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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