River-View Residential
For Sale
$1,245,000
2501 PALISADE Avenue H2, Bronx, NY 10463
A three-level home in a 17-unit complex includes a private entrance, finished upper floor, and stone patio.
Property Size1,995 SF
Price / SF$624.06
Days on Market575
Property Features for 2501 PALISADE Avenue H2
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Building Details
Building Size
1,995 SF
Year Built
1926
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Ari Susswein · License #10401276151
(914) 450-9665
Source:
Carlinwright
Added: Mar 24, 2025
Changed: Oct 16
Last Checked: Oct 19 at 2:11PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Set within a 17-unit residential complex, this three-level home offers 1,995 square feet of living space, a private entrance, and views of the Hudson River. The main floor includes a living room with a wood-burning fireplace and an oversized eat-in kitchen that opens to a stone patio. Three bedrooms, two full bathrooms, a powder room, and a finished top floor provide additional interior space. The home was built in 1926.
The property is at 2501 Palisade Avenue in the Bronx, a short distance from the Metro-North station. The listing notes a 20-minute trip to Grand Central Station. Recent work includes updated heating and cooling compressors, chimney work, custom closets, new carpeting, and a vented washer and dryer.
The property is at 2501 Palisade Avenue in the Bronx, a short distance from the Metro-North station. The listing notes a 20-minute trip to Grand Central Station. Recent work includes updated heating and cooling compressors, chimney work, custom closets, new carpeting, and a vented washer and dryer.
Key Highlights
- 1,995‑square‑foot, three‑level home in a 17‑unit complex
- Three bedrooms, two full bathrooms, and a powder room
- Finished top floor and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,892
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,840
$917.8K
Cap Rate 7%
$655,600
$655.6K
Cap Rate 9%
$509,911
$509.9K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$88.6K $44.40/SF
− Vacancy
−$5.1K −$2.58/SF
EGI
$83.4K $41.82/SF
− OpEx
−$37.5K −$18.82/SF
NOI
$45.9K $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%
$917,840
Cap Rate 7%
$655,600
Cap Rate 9%
$509,911
Alternative Uses
Best Use
Apartment 5plus
$655.6K
$573.7K – $764.9K
NOI $45,892 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-level home in a 17-unit complex includes a private entrance, finished upper floor, and stone patio.
Where is this residential income property located?
The property is located at 2501 PALISADE Avenue H2 Bronx, NY.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: 1,995‑square‑foot, three‑level home in a 17‑unit complex; Three bedrooms, two full bathrooms, and a powder room; Finished top floor and private entrance
