Mixed-Use Brick Income
1406 White Plains Road Bronx, NY 10462
For Sale
$2,600,000
MULTI_FAMILY - Bronx, NY
Property Size4,150 SF
Lot Size0.05 Acres
Price / SF$626.51
Days on Market172
Property Features for 1406 White Plains Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Garage
- Interior features
- Marble Counters, Open Kitchen
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 03937-0044
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16518
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 5
- Flooring type
- Hardwood, Combination, Tile
- Building materials
- Brick
Listing Agency:
Exit Realty Premium
(718) 829-2300
Listed By:
Anthony A. Domathoti
(646) 696-1563
Added: Feb 5
Changed: Jul 21
Last Checked: Jul 27 at 6:06AM
MLS# 956257
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached brick mixed-use building with R6 zoning featuring five total income-producing units: four residential apartments and one ground-floor commercial retail store. The residential component includes two 3-bedroom units and two 1-bedroom units.
The property is located on White Plains Road near Hugh J. Grant Circle, Parkchester, and the 6 Train, within a busy Bronx corridor.
Building improvements include brand new fire escape stairs. Gross floor area is approximately 4,150 square feet and the building sits on a lot of approximately 0.0466 acres.
The property is located on White Plains Road near Hugh J. Grant Circle, Parkchester, and the 6 Train, within a busy Bronx corridor.
Building improvements include brand new fire escape stairs. Gross floor area is approximately 4,150 square feet and the building sits on a lot of approximately 0.0466 acres.
Key Highlights
- Detached brick mixed‑use building (R6) with paying tenants: 4 residential units plus 1 ground‑floor commercial retail store
- Unit mix includes (2) 3‑bedroom apartments, (2) 1‑bedroom apartments, and 1 ground‑floor commercial retail unit
- Gross floor area approx. 4,150 SF
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
99jjpdeligrocery
Grocery & Convenience Store
FAQs
What type of property is this?
Quadplex - Detached brick mixed-use building with four residential units and one ground-floor retail store.
Where is this quadplex 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: Detached brick mixed‑use building (R6) with paying tenants: 4 residential units plus 1 ground‑floor commercial retail store; Unit mix includes (2) 3‑bedroom apartments, (2) 1‑bedroom apartments, and 1 ground‑floor commercial retail unit; Gross floor area approx. 4,150 SF
