Bronx Apartment for
For Sale
$375,000
Pending
3215 Netherland Ave 5C The, Bronx, NY 10463
Apartment building available for purchase in The Bronx, NY.
Property Size923 SF
Lot Size0.46 Acres
Days on Market315
Property Features for 3215 Netherland Ave 5C The
General Information
Standard status
Pending
Size
923 SF
Lot size
0.46 Acres
Property subtype
Residential
Building Details
Building Size
923 SF
Year Built
1939
Units
49
Listed By:
Claudine M ORourke
(917) 673-0860
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 5
Last Checked: Oct 7 at 12:54PM
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 Claudine M ORourke
Investment Insights
Based on property information with market context.
A residential income property located at 3215 Netherland Ave 5C, The Bronx, NY 10463, is available for sale. The property is listed for $375,000.
Key Highlights
- Year Built: 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,232
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
$424.6K
Cap Rate 7%
$303,314
$303.3K
Cap Rate 9%
$235,911
$235.9K
Market Conditions
NOI Build-Up for 923 SF
Gross rent
$41.0K $44.40/SF
− Vacancy
−$2.4K −$2.58/SF
EGI
$38.6K $41.82/SF
− OpEx
−$17.4K −$18.82/SF
NOI
$21.2K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,640
Cap Rate 7%
$303,314
Cap Rate 9%
$235,911
Alternative Uses
Best Use
Apartment 5plus
$303.3K
$265.4K – $353.9K
NOI $21,232 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$639.6K
$559.6K – $746.2K
NOI $44,770 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building available for purchase in The Bronx, NY.
Where is this apartment building located?
The property is located at 3215 Netherland Ave 5C The Bronx, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Year Built: 1939
