Updated University Heights
138 West 179th Street Bronx, NY 10453
138 West 179th Street, Bronx, NY, 10453
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For Sale
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Well-maintained, updated townhouse in University Heights with modern amenities.
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$520
Days on Market65
Property Features for 138 West 179th Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use
Listing agency
JESKELL REALTY LLC
Listed by
Duncan Garbutt
Source
Crexi
Added: May 20 Updated: Jul 10 at 1:34PM Checked: Jul 22 at 6:00PM
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 JESKELL REALTY LLC
Investment Insights
Based on property information with market context.
Located in the University Heights section of the Bronx, near Bronx Community College, this residential townhouse is ready for immediate occupancy. The property sits on a level 2,500 sq ft lot. The house has been well maintained and significantly updated. The first floor features a large living room, formal dining room, kitchen with a cozy dining area, three bedrooms, and an updated bathroom with a tub and stand-up shower. The second floor has a similar floor plan to the first floor, with a living room/dining room, den/office, modern kitchen, three bedrooms, and a modern bathroom with a tub and stand-up shower. The third-floor unit is fully renovated and includes a large living room, modern kitchen with a dining alcove, large bedroom, and modern bathroom. This unit also provides access to the roof deck, which is partly covered with solar panels that provide energy to the basement. The finished basement contains a living room, kitchen, bathroom, utility room, storage room, and a repurposed 2-car built-in garage. Heat to the first and second floors is provided by a fairly new gas-fired boiler, while the third floor is heated via electric radiators. The gross living area is approximately 3,923 sq ft, with an additional 1,071 sq ft basement area, for a total gross building area of approximately 4,994 sq ft. Washer/dryers and ceiling fans will remain with the sale. Public transportation is located nearby, including the MTA #4 train at Burnside Avenue and buses Bx3, Bx18, and BxM3. There is also easy access to I-87 and Harlem River Drive.
Key Highlights
- Fully renovated second and third floor units featuring modern kitchens and bathrooms.
- Large living area with approximately 3,923 sq. ft. plus an additional 1,071 sq. ft. finished basement.
- Three separate units offering flexibility for living and/or rental income.
Local 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 | $111.0k | $44.40 |
| − Vacancy | −$5.0k | −$2.00 |
| EGI | $106.0k | $42.40 |
| − OpEx | −$47.7k | −$19.08 |
| NOI | $58.3k | $23.32 |
2,500 SF · lease $44.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$832.9K
$728.8K – $971.7K
NOI $58,303 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained, updated townhouse in University Heights with modern amenities.
Where is this apartment building located?
The property is located at 138 West 179th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully renovated second and third floor units featuring modern kitchens and bathrooms.; Large living area with approximately 3,923 sq. ft. plus an additional 1,071 sq. ft. finished basement.; Three separate units offering flexibility for living and/or rental income.
