4-Unit Multifamily
For Sale
$1,100,000
Pending
1429 Leland Avenue, Bronx, NY 10460
Two-story attached property with on-street parking and access to public transit, shops, and restaurants.
Property Size3,472 SF
Days on Market14
Property Features for 1429 Leland Avenue
General Information
Standard status
Pending
Size
3,472 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$17,980
Amenities
Unfinished
Yes
Other
No
On Street
3472
Building Details
Building Size
3,472 SF
Year Built
1924
Buildings
1
Stories
2
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 3
Last Checked: Nov 3 at 7:36AM
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 Matthew Dubinsky
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This attached multifamily property contains four units across two stories and totals 3,472 square feet. Built in 1924, the building includes a basement. Parking is available on the street.
Public transit, shopping, and restaurants are nearby in the Parkchester area of the Bronx.
Public transit, shopping, and restaurants are nearby in the Parkchester area of the Bronx.
Key Highlights
- Four‑unit attached multifamily building
- 3,472‑square‑foot building
- Two stories; built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,194
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,880
$1.8M
Cap Rate 7%
$1,259,914
$1.3M
Cap Rate 9%
$979,933
$979.9K
Market Conditions
NOI Build-Up for 3,472 SF
Gross rent
$133.3K $38.40/SF
− Vacancy
−$7.3K −$2.11/SF
EGI
$126.0K $36.29/SF
− OpEx
−$37.8K −$10.89/SF
NOI
$88.2K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,763,880
Cap Rate 7%
$1,259,914
Cap Rate 9%
$979,933
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,194 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$1.14M
$998.4K – $1.33M
NOI $79,869 @ 7.0% cap · market cap 7.26%
Theoretical Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,410 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,275
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story attached property with on-street parking and access to public transit, shops, and restaurants.
Where is this quadplex located?
The property is located at 1429 Leland Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit attached multifamily building; 3,472‑square‑foot building; Two stories; built in 1924
