Three-Story Mixed-Use Walk-Up
For Sale
Contact for pricing
333 E 149th St, Bronx, NY 10451
Three-story mixed-use walk-up building with a gas line in place and strong retail/medical corridor adjacency.
Property Size4,375 SF
Lot Size0.05 Acres
Price / SF$571.43
Days on Market597
Property Features for 333 E 149th St
General Information
Standard status
Active
Size
4,375 SF
Lot size
0.05 Acres
Property subtype
MULTIFAMILY
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Amenities
gas line
Building Details
Buildings
1
Stories
3
Listing Agency:
Kassin Sabbagh Realty (KSR)
(718) 986-7149
Listed By:
Solomon Sharaby · License #10401283106
(718) 986-7149
Source:
Moodyscre
Added: Dec 27, 2024
Changed: Aug 14
Last Checked: Aug 15 at 7:10AM
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 Kassin Sabbagh Realty (KSR)
Investment Insights
Based on property information with market context.
This three-story, mixed-use, walk-up building is positioned for buyers seeking an income-oriented property in an active corridor. The building sits on a 25 x 80-foot lot and has a total building size of 4,375 square feet. A gas line is in place, supporting a range of operating needs within the property.
Located on a major retail and medical corridor, the building is directly across from Starbucks and Wendy’s. It is one block from the HUB, a major transit hub with access to the #2 and #5 subway lines, and it is within walking distance of Lincoln Medical Center.
The combination of mixed-use configuration, established tenant-demand drivers nearby, and convenient public transportation access may appeal to investors looking for a walk-up structure in the South Bronx.
Located on a major retail and medical corridor, the building is directly across from Starbucks and Wendy’s. It is one block from the HUB, a major transit hub with access to the #2 and #5 subway lines, and it is within walking distance of Lincoln Medical Center.
The combination of mixed-use configuration, established tenant-demand drivers nearby, and convenient public transportation access may appeal to investors looking for a walk-up structure in the South Bronx.
Key Highlights
- 25 x 80‑foot lot with 4,375 square feet total building size
- Three‑story mixed‑use walk‑up building
- Gas line in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,012,820
$2.0M
Cap Rate 7%
$1,437,729
$1.4M
Cap Rate 9%
$1,118,233
$1.1M
Market Conditions
NOI Build-Up for 4,375 SF
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.
Gross rent
$194.3K $44.40/SF
− Vacancy
−$11.3K −$2.58/SF
EGI
$183.0K $41.82/SF
− OpEx
−$82.3K −$18.82/SF
NOI
$100.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,012,820
Cap Rate 7%
$1,437,729
Cap Rate 9%
$1,118,233
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,641 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.03M
$2.65M – $3.54M
NOI $212,210 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
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?
Multifamily property - Three-story mixed-use walk-up building with a gas line in place and strong retail/medical corridor adjacency.
Where is this multifamily property located?
The property is located at 333 E 149th St Bronx, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 25 x 80‑foot lot with 4,375 square feet total building size; Three‑story mixed‑use walk‑up building; Gas line in place
