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    The Largest CRE Database in the US with Over 1 Million Listings

    376 Bronx Park Ave Bronx, NY 10460

    Sponsored
    For Sale
    $875,000

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 29 at 2:06 am

    Property Features for 376 Bronx Park Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M1-1
    Rooms
    Basement
    APN
    03908-0008
    Parking
    2
    Parking features
    Garage
    Basement
    Finished
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1901
    Floors in Building
    3
    Number of units
    13
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Gregory Tsougranis
    Gregory Tsougranis

    Keller Williams Realty NYC Group (718) 697-6800

    Listing agent Gregory Tsougranis (845) 304-5745

    Listing date Jan 28, 2026

    MLS# 938230

    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.

    Learn more

    Property Insight Report

    Overview

    Bronx SRO Investment Opportunity

    This detached 13-unit SRO property is located in the Van Nest section of the Bronx. The unique design is suited for an owner-operator, featuring one two-bedroom duplex unit with a separate entrance and access to the twelve SRO rooms on the second and third floors. A second entrance provides privacy for tenants. There are six SRO units on each of the second and third floors, with each floor having its own full bath. Additional features include a two-car garage and a separate finished basement area with an external entrance, in addition to the owner's unit's finished basement. The owner's duplex unit includes a living room, dining room, two bedrooms, a full bath with Jacuzzi, and a patio on the first level. The basement living area has a spacious open area and an office that could serve as a third bedroom, along with a utility room. The property is located 0.3 miles from the 180th St station transit hub, providing access to Manhattan via the #2 and #5 trains. The property has a fully operational sprinkler system and is current with all NYFD inspections. The lot size is 0.0574 acres. The zoning is M1-1. The owner's unit is vacant, along with eight of the SRO units, leaving four currently occupied units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.875689
    Latitude
    40.839312

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    FAQs

    What type of property is this?
    Apartment building - Detached 13-unit SRO in Van Nest section of the Bronx.
    Where is this apartment building located?
    The property is located at 376 Bronx Park Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - High Income Potential: Generate $316,368 annually based on current SRO voucher rates.; - Owner-Operator Unit: Features a vacant two-bedroom duplex with separate entrance.; - 13 Legal SRO Units: A unique investment in a high-demand affordable housing market.
    (845) 304-5745
    Request Owner's contact information
    376 Bronx Park Ave Bronx, NY 10460
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    Bronx, NY 10460
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    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
    376 Bronx Park Ave Bronx, NY 10460
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    We can help!
    Listing Contact
    Gregory Tsougranis
    Gregory Tsougranis
    (845) 304-5745
    Learn more
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