Mixed-Use Brick Building with
1406 White Plains Road Bronx, NY 10462
1406 White Plains Road, Bronx, NY, 10462
$2,600,000
For Sale
$2,600,000
MULTI_FAMILY - Other - Bronx, NY
Property Size4,150 SF
Lot Size0.05 Acres
Price / SF$626.51
Days on Market171
Property Features for 1406 White Plains Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16518
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Architectural style
- Other
Listing Agency
EXIT REALTY PREMIUM
(718) 829-2300
813 MORRIS PARK AVE, BRONX, NY
Listed by
Anthony Domathoti
Added: Jan 27 Checked: Jul 17 at 6:06 am
MLS# 11638702
Copyright © 2026 My State 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, arranged as four residential units plus one ground-floor commercial retail unit. The residential mix includes two 3-bedroom apartments, two 1-bedroom apartments, and four paying tenants in place. A brand-new fire escape stair system is included in the building improvements.
The property is located on White Plains Road near Hugh J. Grant Circle, Parkchester, and the 6 Train. The asset is situated in a busy Bronx corridor, supporting its mixed-use configuration.
The building’s use is split between street-level retail and upstairs residential. For buyers seeking a combined residential income component with an on-site ground-floor retail opportunity, this detached mixed-use brick structure provides a straightforward operating layout with five total income units.
The property is located on White Plains Road near Hugh J. Grant Circle, Parkchester, and the 6 Train. The asset is situated in a busy Bronx corridor, supporting its mixed-use configuration.
The building’s use is split between street-level retail and upstairs residential. For buyers seeking a combined residential income component with an on-site ground-floor retail opportunity, this detached mixed-use brick structure provides a straightforward operating layout with five total income units.
Key Highlights
- Detached brick mixed‑use building with R6 zoning on busy White Plains Road near Hugh J. Grant Circle
- Income‑producing layout with paying tenants: 4 residential units plus 1 ground‑floor commercial retail store
- Residential unit mix includes (2) 3‑bedroom apartments and (2) 1‑bedroom apartments
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Detached brick mixed-use building with four residential units and a 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 with R6 zoning on busy White Plains Road near Hugh J. Grant Circle; Income‑producing layout with paying tenants: 4 residential units plus 1 ground‑floor commercial retail store; Residential unit mix includes (2) 3‑bedroom apartments and (2) 1‑bedroom apartments
