Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1429 Leland Avenue Bronx, NY 10460

    View on Map
    Claim this Listing
    Picture of Quadplexes at 1429 Leland Avenue, Bronx, NY
    Pending
    $1,100,000

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.08 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    123
    Last Refresh:
    Apr 18 at 1:06 am

    Property Features for 1429 Leland Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Rooms
    Basement, Bedroom 1, Bedroom 2
    Parking features
    On Street
    Basement
    Unfinished
    Standard status
    Pending
    APN
    03901-0056
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17980

    Utilities

    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1924
    Number of units
    4

    We can help!

    Listing Contact
    Marcus E. Soler
    Marcus E. Soler

    Listing agent Marcus E. Soler

    Listing office Soler Realty 1424 Williamsbridge Rd, Yonkers, NY

    Listing date Dec 16, 2025

    MLS# 944650 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Parkchester Multifamily Investment Opportunity

    Located at 1429 Leland Avenue in the Bronx, this attached multi-family building features four units. Constructed in 1924, the two-story property includes a semi-finished basement suitable for storage or laundry. The lot size is 0.0826 acres. On-street parking is available. Situated in the Parkchester neighborhood, the property is near public transit, shopping, and restaurants. This property is suitable for investors or owner-occupants seeking rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.864572
    Latitude
    40.836257

    Nearby Similar for Sale

    • $790,000
      4,000 SF

      Established Laundromat Business Opportunity

      Profitable laundromat business for sale in the Norwood neighborhood.
      3150 Webster Avenue in Norwood, Bronx, NY 10467
      View Details
    • $124,900

      Established Pizzeria in Williamsbridge

      Thriving pizzeria for sale in the heart of Williamsbridge.
      1809 Williamsbridge, Bronx, NY 10461
      View Details
    • $500,000

      Turnkey Deli & Gourmet Market

      Established Bronx deli with licenses and upcoming area improvements.
      6469 Broadway, Bronx, NY 10471
      View Details
    • $850,000

      Legal Duplex in Soundview, Bronx

      Income-producing duplex near Soundview ferry with solar panels.
      2226 Norton Avenue, Bronx, NY 10473
      View Details
    • $849,999

      Spacious Bronx Two-Family Home

      Two-family home in Parkchester/Soundview with income potential.
      1163 Virginia Avenue, Bronx, NY 10472
      View Details
    • $900,000

      Spacious Two-Family Home in Bronx

      Large two-family home with seven bedrooms and five bathrooms.
      1126 Ward Avenue, Bronx, NY 10472
      View Details
    • $748,000

      Bronx Two-Family Home For Sale

      Two-family home in Pelham Bay, delivered vacant and ready.
      1811 Parkview Avenue, Bronx, NY 10461
      View Details
    • $899,000
      2,288 SF

      Bronx Multi-Family Investment Opportunity

      Well-maintained Bronx multi-family home with income potential.
      3529 Laconia Ave, Bronx, NY 10469
      View Details
    • $998,950

      Bronx Two-Family Investment Opportunity

      Income-producing two-family property with land and revenue streams.
      1021 E 213th Street, Bronx, NY 10469
      View Details
    • $715,000

      Bronx Two-Family Brick Home

      Charming 1940 two-family home in Wakefield neighborhood.
      4121 Grace Avenue, Bronx, NY 10466
      View Details
    • $778,000

      Bronx Two-Family Home for Sale

      Semi-detached two-family home in Allerton section of the Bronx.
      1256 Allerton Avenue, Bronx, NY 10469
      View Details
    • $999,000

      Morris Park Mixed-Use Opportunity

      Well-maintained 2-family home with commercial overlay in Morris Park.
      1863 Williamsbridge Road, Bronx, NY 10461
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building in the Bronx, ideal for investors.
    Where is this quadplex located?
    The property is located at 1429 Leland Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Four‑unit multi‑family building, ideal for generating rental income.; Prime location in the heart of Parkchester, Bronx.; Close proximity to public transit, shopping, and restaurants.
    (646) 630-6899
    We can help!
    Listing Contact
    Marcus E. Soler
    Marcus E. Soler
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!