The Bronx Multifamily
For Sale
$340,000
Pending
2621 PALISADE Ave 14F The, Bronx, NY 10463
Multifamily property available for sale in The Bronx.
Property Size750 SF
Days on Market314
Property Features for 2621 PALISADE Ave 14F The
General Information
Standard status
Pending
Size
750 SF
Property subtype
Residential
Building Details
Building Size
750 SF
Year Built
1962
Units
180
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Sandhya N Tidke
(212) 381-2485
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 24
Last Checked: Oct 7 at 1:53PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
A multifamily property is available for sale. The list price is $340,000.
Key Highlights
- Year Built: 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,253
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,060
$345.1K
Cap Rate 7%
$246,471
$246.5K
Cap Rate 9%
$191,700
$191.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$33.3K $44.40/SF
− Vacancy
−$1.9K −$2.58/SF
EGI
$31.4K $41.82/SF
− OpEx
−$14.1K −$18.82/SF
NOI
$17.3K $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%
$345,060
Cap Rate 7%
$246,471
Cap Rate 9%
$191,700
Alternative Uses
Best Use
Apartment 5plus
$246.5K
$215.7K – $287.6K
NOI $17,253 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$519.7K
$454.7K – $606.3K
NOI $36,379 @ 7.0% cap · market cap 10.70%
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 - Multifamily property available for sale in The Bronx.
Where is this apartment building located?
The property is located at 2621 PALISADE Ave 14F The Bronx, NY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Year Built: 1962
