Residential Income Property with Park
For Sale
$400,000
102 Bradhurst Avenue 906, New York City, NY 10039
One-bedroom condop with abundant natural light, in-unit laundry, stainless-steel appliances, and full-service building amenities.
Property Size610 SF
Price / SF$655.74
Days on Market133
Property Features for 102 Bradhurst Avenue 906
General Information
Standard status
Active
Size
610 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
in-unit washer/dryer
through-the-wall air conditioning
breakfast bar
stainless steel appliances
attended lobby
live-in super
package room
fitness center
community room
dedicated bicycle storage
pet-friendly
Building Details
Building Size
610 SF
Year Built
2007
Listing Agency:
Howard Hanna NYC
(914) 261-9594
Listed By:
Adam Feinberg
(914) 261-9594
Source:
Miradorrealestate
Added: Apr 15
Changed: Aug 24
Last Checked: Aug 24 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna NYC
Investment Insights
Based on property information with market context.
Apartment 906 is a 610-square-foot, one-bedroom condop in a 2007 full-service building. East-facing windows provide direct natural light and open-sky exposure, while the bedroom accommodates a king-sized bed. The residence includes an in-unit washer and dryer, through-the-wall air conditioning, a kitchen with breakfast bar and stainless-steel appliances, and views toward Jackie Robinson Park and Yankee Stadium.
Building amenities include an attended lobby, live-in superintendent, package room, fitness center, community room, and dedicated bicycle storage. The pet-friendly property is across from Jackie Robinson Park and within walking distance of four additional parks. Access to the A, C, B, D, and 3 subway lines, shopping along 145th Street, Bronx Terminal Market, the Sugar Hill Historic District, City College, and Alexander Hamilton's home, The Grange, adds to the property's surrounding conveniences. The unit is free-market with no income restrictions.
Building amenities include an attended lobby, live-in superintendent, package room, fitness center, community room, and dedicated bicycle storage. The pet-friendly property is across from Jackie Robinson Park and within walking distance of four additional parks. Access to the A, C, B, D, and 3 subway lines, shopping along 145th Street, Bronx Terminal Market, the Sugar Hill Historic District, City College, and Alexander Hamilton's home, The Grange, adds to the property's surrounding conveniences. The unit is free-market with no income restrictions.
Key Highlights
- 610 SF one‑bedroom condop in a 2007 building
- East‑facing windows with direct natural light and views toward Jackie Robinson Park and Yankee Stadium
- In‑unit washer and dryer, through‑the‑wall air conditioning, and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,700
$381.7K
Cap Rate 7%
$272,643
$272.6K
Cap Rate 9%
$212,056
$212.1K
Market Conditions
NOI Build-Up for 610 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.5K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.7K $56.89/SF
− OpEx
−$15.6K −$25.60/SF
NOI
$19.1K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,700
Cap Rate 7%
$272,643
Cap Rate 9%
$212,056
Alternative Uses
Best Use
Apartment 5plus
$272.6K
$238.6K – $318.1K
NOI $19,085 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,286 @ 7.0% cap · market cap 26.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,845
Businesses Nearby
Explore this area
Business Placement
Demographics for 10039, NY
29,239
Population
13,300
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
81%
High-School Grad
0.3 sq mi
ZIP Area
97,463
Density / Sq Mi
$48,792
Median Household Income
$36,142
Median Earnings
$1,211
Median Rent
$478,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condop with abundant natural light, in-unit laundry, stainless-steel appliances, and full-service building amenities.
Where is this residential income property located?
The property is located at 102 Bradhurst Avenue 906 New York City, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 610 SF one‑bedroom condop in a 2007 building; East‑facing windows with direct natural light and views toward Jackie Robinson Park and Yankee Stadium; In‑unit washer and dryer, through‑the‑wall air conditioning, and stainless‑steel appliances
