Brick Mixed-Use
For Sale
$2,600,000
1406 White Plains Road, Bronx, NY 10462
The property combines four residential apartments with an occupied ground-floor retail space under R6 zoning.
Property Size4,150 SF
Price / SF$626.51
Days on Market191
Property Features for 1406 White Plains Road
General Information
Standard status
Active
Size
4,150 SF
Property subtype
Multi Family
Zoning
R6
Taxes and HOA fees
Annual Taxes
$16,518
Building Details
Building Size
4,150 SF
Year Built
1920
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Exit Realty Premium
(646) 696-1563
Listed By:
Anthony A. Domathoti
Source:
Serhant
Added: Jan 27
Changed: Aug 5
Last Checked: Aug 6 at 3:40AM
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 Exit Realty Premium
Investment Insights
Based on property information with market context.
Built in 1920, this detached brick mixed-use property contains approximately 4,150 SF of gross floor area. The residential component includes two 3-bedroom apartments and two 1-bedroom apartments, complemented by one ground-floor commercial retail unit. Paying tenants are in place, and brand-new fire escape stairs have been installed.
The building fronts White Plains Road and is situated near Hugh J. Grant Circle, Parkchester, and the 6 Train. R6 zoning supports the property’s mixed residential and commercial configuration, combining apartment units with street-level retail in a single building.
The building fronts White Plains Road and is situated near Hugh J. Grant Circle, Parkchester, and the 6 Train. R6 zoning supports the property’s mixed residential and commercial configuration, combining apartment units with street-level retail in a single building.
Key Highlights
- Approximately 4,150 SF of gross floor area
- Two 3‑bedroom apartments and two 1‑bedroom apartments
- One ground‑floor commercial retail unit
Financial Insights For Multifamily LT 5
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 | $151.9k | $36.60 |
| − Vacancy | −$7.9k | −$1.91 |
| EGI | $144.0k | $34.69 |
| − OpEx | −$43.2k | −$10.41 |
| NOI | $100.8k | $24.28 |
4,150 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,773 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,816 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,611 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,425
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines four residential apartments with an occupied ground-floor retail space under R6 zoning.
Where is this mixed-use property located?
The property is located at 1406 White Plains Road Bronx, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Approximately 4,150 SF of gross floor area; Two 3‑bedroom apartments and two 1‑bedroom apartments; One ground‑floor commercial retail unit
