Building Details

Building Size 4,150 SF

Year Built 1920

Buildings 1

Stories 3

Units 5

Construction brick

Tenancy Multi

Listing Agency: Exit Realty Premium Show Phone

Listed By: Anthony A. Domathoti Show Phone

Source: Croninreale

Added: Jan 27 Changed: Oct 23 Last Checked: Oct 23 at 4:55PM

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Investment Insights

Based on property information with market context.

This detached brick mixed-use building contains four residential apartments and a ground-floor retail space. The apartment mix includes two three-bedroom units and two one-bedroom units. The property totals approximately 4,150 SF, has R6 zoning, and includes recently installed fire escape stairs. It was built in 1920.

The building is at 1406 White Plains Road in the Bronx, near Hugh J. Grant Circle, Parkchester, and the 6 Train.

Key Highlights

• 4,150 SF mixed‑use building with R6 zoning
• Four apartments: two 3‑bedroom units and two 1‑bedroom units
• Ground‑floor commercial retail unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,816

Cap Rate

3.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,796,320 $1.8M

Cap Rate 7%

$1,283,086 $1.3M

Cap Rate 9%

$997,956 $998.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,150 SF

Gross rent

$172.8K $41.64/SF

− Vacancy

−$9.5K −$2.29/SF

EGI

$163.3K $39.35/SF

− OpEx

−$73.5K −$17.71/SF

NOI

$89.8K $21.64/SF

Area

ZIP 10462

Vacancy

5.50%

Lease Rate

$41.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,796,320

Cap Rate 7%

$1,283,086

Cap Rate 9%

$997,956

Alternative Uses

Best Use

Apartment 5plus

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,816 @ 7.0% cap · market cap 3.45%

Second Best

Mixed Use

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,170 @ 7.0% cap · market cap 3.16%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,611 @ 7.0% cap · market cap 5.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

99jjpdeligrocery Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Acupuncture Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Multi-tenant

Tenancy

Yes

Sprinkler system

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3,830

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four apartments are arranged above a ground-level commercial unit in this detached brick property.

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: 4,150 SF mixed‑use building with R6 zoning; Four apartments: two 3‑bedroom units and two 1‑bedroom units; Ground‑floor commercial retail unit