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    Bronx Multi-Unit with Storefront Title is generated by Realmo AI

    1242 Castle Hill Avenue, Bronx, NY 10462

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    Claim this Listing
    For Sale
    $1,695,000

    Multi-Unit (2-4) - Bronx, NY

    Property size:
    4,800 SF
    Price / SF:
    $353/SF
    Added:
    May 4, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 17 at 10:06 am

    Property Features for 1242 Castle Hill Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Size
    4,800 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

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    Listing Contact
    Harry Sanichara
    Harry Sanichara

    Listing agent Harry Sanichara

    Listing office COUNTRYWIDE REAL ESTATE INC 1234 CASTLE HILL AVE, BRONX, NY

    Listing date May 4, 2026

    MLS# 11738757 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family property with a store, offering diverse income streams.
    • Conveniently located close to a train station.
    • Includes a 1200 sq ft store with full basement access.
    • Two four‑bedroom apartments, each 1200 sq ft.
    • Durable brick construction.
    • Features a garage for parking.

    Overview

    Located on Castle Hill Avenue in the Bronx, this property is a two-family building with a storefront, situated close to a train station. The building includes a 1,200-square-foot store with full access to a 1,200-square-foot basement. The second floor features a 1,200-square-foot apartment with four bedrooms and one full bathroom. The third floor mirrors this layout, also offering a 1,200-square-foot apartment with four bedrooms and one full bathroom. The entire property encompasses 4,800 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $175.7k $36.60
    − Vacancy −$9.2k −$1.91
    EGI $166.5k $34.69
    − OpEx −$50.0k −$10.41
    NOI $116.6k $24.28
    4,800 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.67M
    $1.46M – $1.94M (±1% cap)
    NOI $116,557 @ 7.0% cap · market cap 6.88%
    Second Best
    Apartment 5plus
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,883 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Office A
    $2.29M
    $2.00M – $2.67M (±1% cap)
    NOI $160,321 @ 7.0% cap · market cap 9.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.851029
    Latitude
    40.833136

    FAQs

    What type of property is this?
    Mixed-use property - Two-family property with a store, near train station.
    Where is this mixed-use property located?
    The property is located at 1242 Castle Hill Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Two‑family property with a store, offering diverse income streams.; Conveniently located close to a train station.; Includes a **1200 sq ft store with full basement access.**
    More about this property
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