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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Manufacturing properties
511 Faile St Bronx, NY 10474
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3499956
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1952
Total area
6,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1-2
APN
02768-0356
UPID
US63-3499956
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.24M
CAP Approach
CAP
$3.69M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$3.29M
Owner & transaction history
511 Faile LLC · 2 yrs held
511 Faile LLC
since 2023
Last sale
$3.3M
1 recorded transaction
Zoning & alternative use
M1-2 · Bronx, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+95.9%
Retail stores
$3.6M
+59.8%
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
$2,920,000
ML approach
$3,240,000
CAP Approach
CAP Return
Estimation
6%
$3,995,000
6.5%
$3,685,000
7%
$3,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,230,000
Current use
AUTO REPAIR, GARAGE
$4,370,000
Change: +96% · Conversion: Easy
RETAIL STORES
$3,560,000
Change: +60% · Conversion: Moderate
OFFICE BUILDING
$2,190,000
Change: -2% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,185,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.30M (Oct 3 2023)
Last sale anchor
$3.30M
Oct 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
$548 / 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
$24,719
Tax year 2024
Assessed value
$233,370
Assessed 2024
Previous assessed
$221,220
+5.5% YoY
Effective rate
10.59%
On assessed value
Assessed land
$90,000
Assessed improvement
$143,370
Land market value
$200,000
Improvement market value
$429,000
Total market value
$629,000
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
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
6,000 SF
Lot
0.23 ac (10,000 SF)
Zoning code
M1-2
APN
02768-0356
UPID
US63-3499956
Jurisdiction
BRONX
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-2 · Bronx, NY
Zoning M1-2 · permitted uses
M1-2 · 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
$2.2M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1952
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
511 Faile LLC
Entity
Mailing address
1190 LONGWOOD AVE, BRONX, NY 10474-5714
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
Oct 3, 2023
$3,300,000
511 Faile LLC
Vinjerry Realty Corp.
Deed
$2,800,000 · Bank Of American, 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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