Apartment Building in The
For Sale
$370,000
Pending
640 W 231ST St 5D The, Bronx, NY 10463
Apartment building for sale in The Bronx, New York.
Property Size1,200 SF
Days on Market314
Property Features for 640 W 231ST St 5D The
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Residential
Building Details
Building Size
1,200 SF
Year Built
1953
Units
60
Listed By:
Scott J Kriger
(718) 878-1715
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 7
Last Checked: Oct 7 at 12:53PM
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 Scott J Kriger
Investment Insights
Based on property information with market context.
An apartment building is available for sale. The property is located at 640 W 231ST St 5D, The Bronx, NY 10463.
Key Highlights
- Year Built: 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,604
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,080
$552.1K
Cap Rate 7%
$394,343
$394.3K
Cap Rate 9%
$306,711
$306.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$53.3K $44.40/SF
− Vacancy
−$3.1K −$2.58/SF
EGI
$50.2K $41.82/SF
− OpEx
−$22.6K −$18.82/SF
NOI
$27.6K $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%
$552,080
Cap Rate 7%
$394,343
Cap Rate 9%
$306,711
Alternative Uses
Best Use
Apartment 5plus
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$831.5K
$727.6K – $970.1K
NOI $58,206 @ 7.0% cap · market cap 15.73%
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building for sale in The Bronx, New York.
Where is this apartment building located?
The property is located at 640 W 231ST St 5D The Bronx, NY.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Year Built: 1953
