Two-Unit Mixed-Use
1407 East 180th Street, Bronx, NY 10460
For Sale
Contact for pricing
Retail and office areas share the building with a rear drive-in garage bay and side alley access.
Property Size4,120 SF
Lot Size0.16 Acres
Price / SF$533.98
Days on Market22
Property Features for 1407 East 180th Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Asking Price
Building Details
Buildings
Stories
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Jakub Nowak · License NY #10301211147
(718) 475-4353
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 10 at 9:03AM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
This one-story, two-unit mixed-use property contains 4,120 square feet on a 7,104-square-foot corner parcel measuring 85 by 99.67 feet. The interior is divided into approximately 3,160 square feet of retail space and 960 square feet of office space, with a rear drive-in garage bay and side alley access. The existing layout is configured as a dry-cleaning facility.
In the Bronx’s Van Nest neighborhood, the property is zoned R5 with a 2.0 FAR. The current building uses 0.58 FAR; zoning permits approximately 14,208 ZSF, leaving roughly 10,088 square feet of unused development rights. The parcel is Tax Class 4 and lies within a FRESH zone eligible for discretionary tax incentives. It is not in a flood zone.
In the Bronx’s Van Nest neighborhood, the property is zoned R5 with a 2.0 FAR. The current building uses 0.58 FAR; zoning permits approximately 14,208 ZSF, leaving roughly 10,088 square feet of unused development rights. The parcel is Tax Class 4 and lies within a FRESH zone eligible for discretionary tax incentives. It is not in a flood zone.
Key Highlights
- 4,120‑square‑foot, one‑story building with two units
- 7,104‑square‑foot corner lot measuring 85 x 99.67 feet
- Approximately 3,160 SF of retail and 960 SF of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,728
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,560
$1.7M
Cap Rate 7%
$1,238,971
$1.2M
Cap Rate 9%
$963,644
$963.6K
Market Conditions
NOI Build-Up for 4,120 SF
Gross rent
$138.4K $33.60/SF
− Vacancy
−$14.5K −$3.53/SF
EGI
$123.9K $30.07/SF
− OpEx
−$37.2K −$9.02/SF
NOI
$86.7K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,560
Cap Rate 7%
$1,238,971
Cap Rate 9%
$963,644
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,728 @ 7.0% cap · market cap 3.94%
Second Best
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,503 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,609 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,159
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 35%
Groceries 19%
Electronics 4%
McDonald's
Dining
30,388 visits/mo
0.4 miles
Key Food Supermarkets
Groceries
10,809 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
7,923 visits/mo
0.2 miles
Mobil
Shops & Services
7,431 visits/mo
0.3 miles
Mobil
Shops & Services
6,609 visits/mo
0.2 miles
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Bronx
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office areas share the building with a rear drive-in garage bay and side alley access.
Where is this mixed-use property located?
The property is located at 1407 East 180th Street Bronx, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,120‑square‑foot, one‑story building with two units; 7,104‑square‑foot corner lot measuring 85 x 99.67 feet; Approximately 3,160 SF of retail and 960 SF of office space
