21-Unit Mixed-Use
New
For Sale
$3,500,000
1821 Mahan Avenue, Bronx, NY 10461
Commercial Sale, Bronx, NY
Property Size14,420 SF
Lot Size0.27 Acres
Price / SF$242.72
Days on Market1
Property Features for 1821 Mahan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6
Rooms
Basement
Parking
4
Parking features
Alley, Driveway
Basement
Walk-Out Access
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Directions
Google.com
Standard status
Active
APN
04196-0018
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
84668
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Multi Units
Water source
Public
Building Details
Year built
1963
Number of units
21
Building materials
Brick
Listing Agency:
Today Realty Corp.
Listed By:
Vincent Buccieri · License #10301203112
(718) 597-1777
Added: Oct 8
Last Checked: Oct 8 at 7:06PM
MLS# 1060206
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.
Investment Insights
Based on property information with market context.
This 21-unit mixed-use property includes an active medical-dental office. Brick construction, a basement, oil heating, and multi-unit cooling are among the building features. The property was built in 1963 and is zoned R6.
Set on a 0.2685-acre corner lot at 1821 Mahan Avenue in the Bronx, the property has a private driveway with parking for up to 4 cars. Public water and sewer serve the site, and cable is available.
Set on a 0.2685-acre corner lot at 1821 Mahan Avenue in the Bronx, the property has a private driveway with parking for up to 4 cars. Public water and sewer serve the site, and cable is available.
Key Highlights
- 21‑unit mixed‑use property
- Active medical‑dental office
- 0.2685‑acre corner lot at 1821 Mahan Avenue, Bronx, NY 10461
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,013
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,980,260
$6.0M
Cap Rate 7%
$4,271,614
$4.3M
Cap Rate 9%
$3,322,367
$3.3M
Market Conditions
NOI Build-Up for 14,420 SF
Gross rent
$553.7K $38.40/SF
− Vacancy
−$55.4K −$3.84/SF
EGI
$498.4K $34.56/SF
− OpEx
−$199.3K −$13.82/SF
NOI
$299.0K $20.74/SF
Area
Bronx, NY
Vacancy
10.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,980,260
Cap Rate 7%
$4,271,614
Cap Rate 9%
$3,322,367
Alternative Uses
Best Use
Office B
$5.16M
$4.51M – $6.02M
NOI $361,113 @ 7.0% cap · market cap 10.32%
Second Best
Apartment 5plus
$4.74M
$4.15M – $5.53M
NOI $331,712 @ 7.0% cap · market cap 9.48%
Theoretical Best
Warehouse
$9.99M
$8.74M – $11.66M
NOI $699,443 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes an operating medical-dental office and private driveway parking.
Where is this mixed-use property located?
The property is located at 1821 Mahan Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 21‑unit mixed‑use property; Active medical‑dental office; 0.2685‑acre corner lot at 1821 Mahan Avenue, Bronx, NY 10461
