Fully Occupied Multifamily Investment
For Sale
$1,350,000
355 Mundy Ln The, Bronx, NY 10550
Five-unit building with diversified unit sizes near transportation and amenities.
Property Size3,000 SF
Lot Size0.10 Acres
Days on Market312
Property Features for 355 Mundy Ln The
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.10 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$18,479
Building Details
Building Size
3,000 SF
Year Built
1967
Units
5
Listing Agency:
POMP REALTY ADVISORS INC
Listed By:
Yoel Peyamipour
(917) 727-3037
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 5 at 5:40PM
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 POMP REALTY ADVISORS INC
Investment Insights
Based on property information with market context.
This is a fully occupied five-family building that generates rental income. The property includes three one-bedroom, one-bath apartments and two two-bedroom, one-bath apartments, providing a mix of unit sizes. It is located near major highways, public transportation, shopping, and schools. This property is suitable for investors seeking reliable cash flow and long-term appreciation.
Key Highlights
- Fully occupied 5‑family building generating steady rental income.
- Balanced mix of unit sizes: three 1‑bedroom and two 2‑bedroom apartments.
- Well‑maintained property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,011
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,220
$1.4M
Cap Rate 7%
$985,871
$985.9K
Cap Rate 9%
$766,789
$766.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$133.2K $44.40/SF
− Vacancy
−$7.7K −$2.58/SF
EGI
$125.5K $41.82/SF
− OpEx
−$56.5K −$18.82/SF
NOI
$69.0K $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%
$1,380,220
Cap Rate 7%
$985,871
Cap Rate 9%
$766,789
Alternative Uses
Best Use
Apartment 5plus
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,515 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit building with diversified unit sizes near transportation and amenities.
Where is this apartment building located?
The property is located at 355 Mundy Ln The Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully occupied 5‑family building generating steady rental income.; Balanced mix of unit sizes: **three 1‑bedroom and two 2‑bedroom apartments.**; Well‑maintained property.
