Building Details

Building Size 4,988 SF

Year Built 1931

Tenancy Multi

Listing Agency: Elite Real Estate Group 1 LLC

Listed By: Musa Balidemaj · License #10491203878 Show Phone

Source: Shawmetro

Added: Aug 31 Changed: Oct 10 Last Checked: Oct 16 at 6:00PM

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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 Elite Real Estate Group 1 LLC

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Investment Insights

Based on property information with market context.

The property is a 4,988-square-foot mixed-use building completed in 1931. Its ground floor contains two commercial storefronts, while the upper level provides two two-bedroom apartments. Electric service is identified among the interior features.

Located at 1432 Gun Hill Rd in the Bronx, NY 10469, the building combines commercial and residential components within one property. The configuration offers separate retail-oriented and apartment spaces across two levels.

Key Highlights

• 4,988‑square‑foot mixed‑use building
• Two commercial storefronts on the ground floor
• Two two‑bedroom apartments above the commercial space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$126,703

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,534,060 $2.5M

Cap Rate 7%

$1,810,043 $1.8M

Cap Rate 9%

$1,407,811 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,988 SF

Gross rent

$191.5K $38.40/SF

− Vacancy

−$10.5K −$2.11/SF

EGI

$181.0K $36.29/SF

− OpEx

−$54.3K −$10.89/SF

NOI

$126.7K $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%

$2,534,060

Cap Rate 7%

$1,810,043

Cap Rate 9%

$1,407,811

Alternative Uses

Best Use

Multifamily LT 5

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,703 @ 7.0% cap · market cap 8.48%

Second Best

Apartment 5plus

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,742 @ 7.0% cap · market cap 7.68%

Theoretical Best

Warehouse

$3.46M

$3.02M – $4.03M (±1% cap)

NOI $241,943 @ 7.0% cap · market cap 16.18%

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

Property Analytics

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Current Use

Livewell pharmacy inc Pharmacy Isabelle Cosmetic Line Big Box & Wholesale Store Rosa's Place Inc Hair Salon White Plains Dental ... Dental Office

Suggested Use

Top Pick Law Firm Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop Acupuncture

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,818

Businesses Nearby

Explore this area Business Placement

Demographics for 10469, NY

71,571

Population

25,082

Households

2.9

Avg Household Size

39

Median Age

29%

College-Educated

83%

High-School Grad

2.4 sq mi

ZIP Area

29,821

Density / Sq Mi

$76,018

Median Household Income

$45,857

Median Earnings

$1,653

Median Rent

$640,400

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 - Ground-floor commercial storefronts are paired with two upper-level apartments in a mixed-use building.

Where is this mixed-use property located?

The property is located at 1432 Gun Hill Rd E Bronx, NY.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 4,988‑square‑foot mixed‑use building; Two commercial storefronts on the ground floor; Two two‑bedroom apartments above the commercial space