Multifamily Residential with Retail
3013 Middletown Road Bronx, NY 10461
For Sale
$1,499,999
Multi family zoned site with pending plans for 15 one-bedroom units and ground-level retail/community facility.
Property Size2,040 SF
Price / SF$735.29
Days on Market1049
Property Features for 3013 Middletown Road
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
De Luca Realty Group INC
(917) 363-8127
Listed By:
Christina De Luca · License #10491209990
(917) 363-8127
Source:
Compass
Added: Sep 9, 2023
Changed: Jul 23
Last Checked: Jul 23 at 10:19AM
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 De Luca Realty Group INC
Investment Insights
Based on property information with market context.
This multi family zoned property comes with pending plans for 15 one-bedroom units, along with ground-level retail/community facility space. Construction is described with vinyl siding, and the seller indicates the property may be purchased with or without the pending plans. The approval notes that no parking is required.
The property is described as being within walking distance to the #6 train, shops, buses, Pelham Bay Park, and highways.
The current offering is positioned for developers and builders interested in a residential multi family project that also includes street-level retail or a community facility as reflected in the pending plan set.
The property is described as being within walking distance to the #6 train, shops, buses, Pelham Bay Park, and highways.
The current offering is positioned for developers and builders interested in a residential multi family project that also includes street-level retail or a community facility as reflected in the pending plan set.
Key Highlights
- Multi‑family zoned site with pending plans for 15 one‑bedroom units and a ground‑level retail/community facility
- Purchase options: can be bought with or without the pending plans
- No parking required per pending plan information
Financial Insights For Apartment 5plus
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 | $90.6k | $44.40 |
| − Vacancy | −$5.3k | −$2.58 |
| EGI | $85.3k | $41.82 |
| − OpEx | −$38.4k | −$18.82 |
| NOI | $46.9k | $23.00 |
2,040 SF · lease $44.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$670.4K
$586.6K – $782.1K
NOI $46,927 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$613.5K
$536.8K – $715.7K
NOI $42,943 @ 7.0% cap · market cap 2.86%
Theoretical Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,950 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Apartment building - Multi family zoned site with pending plans for 15 one-bedroom units and ground-level retail/community facility.
Where is this apartment building located?
The property is located at 3013 Middletown Road Bronx, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Multi‑family zoned site with pending plans for 15 one‑bedroom units and a ground‑level retail/community facility; Purchase options: can be bought with or without the pending plans; No parking required per pending plan information
