Cozy Bronx One-Bedroom
For Sale
$235,000
Pending
3017 Riverdale Ave 4-C The, Bronx, NY 10463
Charming one-bedroom apartment with potential in Riverdale, Bronx.
Property Size676 SF
Days on Market269
Property Features for 3017 Riverdale Ave 4-C The
General Information
Standard status
Pending
Size
676 SF
Property subtype
Residential
Building Details
Building Size
676 SF
Year Built
1941
Listing Agency:
(646) 584-7518
Listed By:
Malaika Chanice Woods
(646) 584-7518
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 24 at 7:24AM
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 Malaika Chanice Woods
Investment Insights
Based on property information with market context.
Located in the Riverdale section of the Bronx, this one-bedroom apartment offers a uniquely designed living space. The unit benefits from direct natural sunlight. The building is an elevator building and is maintained by a maintenance team. In-building laundry room is available. A new plumbing system has been installed. Minor cosmetic repairs are needed in the bathroom and kitchen areas.
Key Highlights
- Abundant natural direct sunlight fills this property.
- Newly installed plumbing system for worry‑free living.
- Located in the desirable Riverdale section of the Bronx.
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
$15,550
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
6.62%
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%
$311,000
$311.0K
Cap Rate 7%
$222,143
$222.1K
Cap Rate 9%
$172,778
$172.8K
Market Conditions
NOI Build-Up for 676 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
$30.0K $44.40/SF
− Vacancy
−$1.7K −$2.58/SF
EGI
$28.3K $41.82/SF
− OpEx
−$12.7K −$18.82/SF
NOI
$15.6K $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 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%
$311,000
Cap Rate 7%
$222,143
Cap Rate 9%
$172,778
Alternative Uses
Best Use
Apartment 5plus
$222.1K
$194.4K – $259.2K
NOI $15,550 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$468.4K
$409.9K – $546.5K
NOI $32,789 @ 7.0% cap · market cap 13.95%
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 - Charming one-bedroom apartment with potential in Riverdale, Bronx.
Where is this apartment building located?
The property is located at 3017 Riverdale Ave 4-C The Bronx, NY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Abundant natural direct sunlight fills this property.; Newly installed plumbing system for worry‑free living.; Located in the desirable Riverdale section of the Bronx.
