7-Unit Apartment
1243 Bradford Ave The, Bronx, NY 10461
For Sale
New
$1,199,999
The property contains one-bedroom apartments in a walkable area with bus service and access to the #6 train.
Property Size4,563 SF
Days on Market7
Property Features for 1243 Bradford Ave The
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Keller Williams Realty NYC Group
Listed By:
Menecia Jackson · License NY #10401345002
(678) 525-9009
Source:
Elliman
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 9:32AM
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 NYC Group
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Investment Insights
Based on property information with market context.
This multifamily building dates to 1964 and is configured with seven one-bedroom apartments. Its unit mix provides a consistent residential layout across the property.
Transit options include the #6 train and local bus service. The surrounding area includes shops and services, with Pelham Bay Park and City Island’s waterfront and dining also nearby.
Transit options include the #6 train and local bus service. The surrounding area includes shops and services, with Pelham Bay Park and City Island’s waterfront and dining also nearby.
Key Highlights
- Seven one‑bedroom apartments
- Built in 1964
- Access to the #6 train and local buses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,966
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,320
$2.1M
Cap Rate 7%
$1,499,514
$1.5M
Cap Rate 9%
$1,166,289
$1.2M
Market Conditions
NOI Build-Up for 4,563 SF
Gross rent
$202.6K $44.40/SF
− Vacancy
−$11.8K −$2.58/SF
EGI
$190.8K $41.82/SF
− OpEx
−$85.9K −$18.82/SF
NOI
$105.0K $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%
$2,099,320
Cap Rate 7%
$1,499,514
Cap Rate 9%
$1,166,289
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,966 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,405 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property contains one-bedroom apartments in a walkable area with bus service and access to the #6 train.
Where is this apartment building located?
The property is located at 1243 Bradford Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Seven one‑bedroom apartments; Built in 1964; Access to the #6 train and local buses
