Bronx Mixed-Use Property For
2126 Westchester Avenue Bronx, NY 10462
2126 Westchester Avenue, Bronx, NY, 10462
$1,250,000
For Sale
$1,250,000
Historic Bronx home with storefront and income potential.
Property Size2,198 SF
Price / SF$568.70
Days on Market1233
Property Features for 2126 Westchester Avenue
General Information
- Standard status
- Active
- Size
- 2,198 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency
Keller Williams Realty Partner
(914) 962-0007
Listed by
Thomas Cutignola · License #10401354305
(914) 962-0007
Source
Compass
Added: Mar 2, 2023 Checked: Jul 16 at 6:02 am
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 Keller Williams Realty Partner
Investment Insights
Based on property information with market context.
This historic Bronx property features a legal two-bedroom home, currently functioning as a three-bedroom residence. A large basement is available for storage and laundry, with the potential for legalization as a studio to generate additional income. The main floor includes a porch/mudroom leading to a living room with a fireplace, which flows into the kitchen and a den that could serve as a third bedroom, complete with a half bath and backyard access. Upstairs, the property offers a master bedroom, a secondary bedroom, a full bath, and extra closet space. The property also includes a storefront currently operating as a beauty salon, renting for $3,300 monthly. Two gated parking spots are included, along with an additional driveway space. The building area source is public records.
Key Highlights
- Storefront beauty salon provides income renting for $3,300 monthly.
- Two gated parking spots and one additional driveway space.
- Legal two‑bedroom, functioning as a three‑bedroom home.
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 | $80.4k | $36.60 |
| − Vacancy | −$4.2k | −$1.91 |
| EGI | $76.2k | $34.69 |
| − OpEx | −$22.9k | −$10.41 |
| NOI | $53.4k | $24.28 |
2,198 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.5K
$667.2K – $889.6K
NOI $53,373 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$679.6K
$594.6K – $792.8K
NOI $47,570 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.05M
$917.7K – $1.22M
NOI $73,414 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beauty on the 6
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic Bronx home with storefront and income potential.
Where is this mixed-use property located?
The property is located at 2126 Westchester Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Storefront beauty salon provides income renting for $3,300 monthly.; Two gated parking spots and one additional driveway space.; Legal two‑bedroom, functioning as a three‑bedroom home.
