Mixed-Use Building with
New
For Sale
$1,500,000
1321 Castle Hill Avenue, Bronx, NY 10462
A two-level property combines ground-floor retail space with an upper-floor three-bedroom, two-bathroom residence.
Property Size2,200 SF
Lot Size0.06 Acres
Price / SF$681.82
Days on Market4
Property Features for 1321 Castle Hill Avenue
General Information
Standard status
Active
Size
2,200 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Zoning
R6, C1-2
Financials
Gross Income
$80,100
Average Monthly Rent
$1,675
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,284
Building Details
Building Size
2,200 SF
Year Built
1930
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Promise Realty LLC
Listed By:
Woosub Hwang
(917) 848-2211
Source:
Serhant
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:10PM
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 Promise Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property has two floors, each measuring 1,100 square feet. The ground level is occupied by a bike shop, while the second floor contains a three-bedroom, two-bathroom residence. The building dates to 1930 and sits on a 2,613-square-foot lot. Zoning designations are R6 and C1-2, with a stated maximum buildable area of 10,191 square feet.
Castle Hill Avenue transit service includes local buses and the Castle Hill Avenue train station nearby. Shopping and restaurants are also in the surrounding area.
Castle Hill Avenue transit service includes local buses and the Castle Hill Avenue train station nearby. Shopping and restaurants are also in the surrounding area.
Key Highlights
- Two floors with 1,100 square feet on each level
- Ground‑floor bike shop and second‑floor three‑bedroom, two‑bathroom residence
- 2,613‑square‑foot lot with a stated maximum buildable area of 10,191 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,560
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,200
$871.2K
Cap Rate 7%
$622,286
$622.3K
Cap Rate 9%
$484,000
$484.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$79.2K $36.00/SF
− Vacancy
−$9.5K −$4.32/SF
EGI
$69.7K $31.68/SF
− OpEx
−$26.1K −$11.88/SF
NOI
$43.6K $19.80/SF
Area
ZIP 10462
Vacancy
12.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,200
Cap Rate 7%
$622,286
Cap Rate 9%
$484,000
Alternative Uses
Best Use
Mixed Use
$622.3K
$544.5K – $726.0K
NOI $43,560 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,146
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 28%
Groceries 11%
Electronics 5%
McDonald's
Dining
50,231 visits/mo
0.3 miles
Wendy's
Dining
18,594 visits/mo
0.1 miles
Dollar Tree
Shops & Services
16,743 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
10,545 visits/mo
0.5 miles
Citibank
Shops & Services
8,623 visits/mo
0.1 miles
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level property combines ground-floor retail space with an upper-floor three-bedroom, two-bathroom residence.
Where is this mixed-use property located?
The property is located at 1321 Castle Hill 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 floors with 1,100 square feet on each level; Ground‑floor bike shop and second‑floor three‑bedroom, two‑bathroom residence; 2,613‑square‑foot lot with a stated maximum buildable area of 10,191 square feet
