Mixed-Use Property with
For Sale
$1,500,000
Pending
1316 Oakpoint Avenue, Bronx, NY 10474
Two commercial spaces and one residential unit share a property in Hunts Point.
Property Size5,000 SF
Lot Size0.11 Acres
Days on Market11
Property Features for 1316 Oakpoint Avenue
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.11 Acres
Zoning
M3
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$18,000
Amenities
1
No
Public
Other
5000
Public Maintained Road
Building Details
Building Size
5,000 SF
Year Built
1931
Stories
1
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 3:10PM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This mixed-use property in Hunts Point contains two commercial spaces and one residential unit. The existing commercial areas include a workshop and a food service space. The property was built in 1931 and occupies a 5,000-square-foot lot zoned M3.
Key Highlights
- Two commercial spaces and one residential unit
- Workshop and food service areas
- 5,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,125
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,500
$2.0M
Cap Rate 7%
$1,430,357
$1.4M
Cap Rate 9%
$1,112,500
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$180.0K $36.00/SF
− Vacancy
−$19.8K −$3.96/SF
EGI
$160.2K $32.04/SF
− OpEx
−$60.1K −$12.02/SF
NOI
$100.1K $20.03/SF
Area
Bronx, NY
Vacancy
11.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,002,500
Cap Rate 7%
$1,430,357
Cap Rate 9%
$1,112,500
Alternative Uses
Best Use
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,125 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.46M
$3.03M – $4.04M
NOI $242,525 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
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Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and one residential unit share a property in Hunts Point.
Where is this mixed-use property located?
The property is located at 1316 Oakpoint Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two commercial spaces and one residential unit; Workshop and food service areas; 5,000‑square‑foot lot
