Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5 Midland Gdns 3M Bronxville, NY 10708

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    One-bedroom unit near train, shops, and Bronx River.

    Building Details

    Year built
    1939

    We can help!

    Listing Contact
    Bridget Staff
    Source: Elliman

    Listing Agent: Bridget Staff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Bright Bronxville Cooperative Community

    Located in the desirable Midland Gardens cooperative community in Bronxville, this one-bedroom unit features hardwood parquet floors and closet space. The property benefits from sun-filled rooms. The complex features manicured grounds and is located near the Metro-North train station, shops, restaurants, and the Bronx River walking path. Immediate parking is available.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Bronxville
    County
    Westchester
    State
    New York
    Longitude
    -73.8308
    Latitude
    40.9389

    Nearby Similar for Sale

    • $1,295,000
      0.14 Acres

      Bronxville Multi-Level Flexible Use Building

      Multi-level building suitable for professional, medical, or residential use.
      915 Palmer Rd, Bronxville, NY 10708
      View Details
    • $250,000

      Top Floor Cooperative Residence

      Move-in ready, two-bedroom residence near Fleetwood Metro-North station.
      755 Bronx River Rd, Bronxville, NY 10708
      View Details
    • $450,000

      Garden Apartment in Bronxville Complex

      Two-bedroom, two-bath garden apartment in a 1927 Georgian-style complex.
      12 Brooklands Gm, Bronxville, NY 10708
      View Details
    • $529,000

      Upgraded Pre-War Building Apartment

      Renovated 3-bedroom apartment near Fleetwood Metro North station.
      1 Bronxville Rd Bronxville Rd, Bronxville, NY 10708
      View Details
    • $350,000

      Spacious Co-op in Bronxville Area

      Bright two-bedroom co-op near Bronxville Village and Metro-North.
      900 Palmer Rd, Bronxville, NY 10708
      View Details
    • $489,000

      Tudor Arms Residence

      Spacious 2-bedroom residence near Bronxville Village and Metro North.
      31 Pondfield Rd W 1, Bronxville, NY 10708
      View Details
    • $229,000

      Bronxville Chateau Junior Four Apartment

      Light-filled junior four apartment near Bronxville train and shops.
      270 Bronxville Rd, Bronxville, NY 10708
      View Details
    • $1,799,000

      New Construction Two-Family Home

      New construction two-family home with modern amenities and commuter convenience.
      52 Mcintyre St, Bronxville, NY 10708
      View Details
    • $219,000

      Spacious Unit in Devon Plaza

      One-bedroom unit with bonus room and balcony in Bronxville.
      1101 Midland Ave, Bronxville, NY 10708
      View Details
    • $145,000

      Updated Co-op Near Transportation

      Spacious, updated 1-bedroom co-op near Fleetwood Metro-North station.
      790 Bronx River Rd, Bronxville, NY 10708
      View Details
    • $950,000

      Spacious Bronxville Co-op with Views

      Three-bedroom co-op in Bronxville Village, steps from amenities.
      1 Rivermere 1G, Bronxville, NY 10708
      View Details
    • $272,500

      Spacious Bronxville Knolls Apartment

      Bright one-bedroom unit with updated kitchen and enclosed terrace.
      1200 Midland Ave, Bronxville, NY 10708
      View Details

    FAQs

    What type of property is this?
    Apartment building - One-bedroom unit near train, shops, and Bronx River.
    Where is this apartment building located?
    The property is located at 5 Midland Gdns 3M Bronxville, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Highly desirable cooperative community in Midland Gardens.; - Steps from Bronxville Village shops, restaurants, and train.; - Immediate parking available.
    (914) 779-1700
    Request Owner's contact information
    5 Midland Gdns 3M Bronxville, NY 10708
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Midland Gdns 3M
    Bronxville, NY 10708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5 Midland Gdns 3M Bronxville, NY 10708
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bridget Staff
    (914) 779-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.