Mixed-Use Building with Two
New
For Sale
$1,495,000
1432 Gun Hill Rd E, Bronx, NY 10469
Ground-floor commercial storefronts are paired with two upper-level apartments in a mixed-use building.
Property Size4,988 SF
Price / SF$299.72
Days on Market3
Property Features for 1432 Gun Hill Rd E
General Information
Standard status
Active
Size
4,988 SF
Property subtype
Mixed Use
Net Operating Income
$90,250
Additional Details
Gross Income
$142,045
Taxes and HOA fees
Annual Taxes
$31,800
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
(646) 942-3487
Source:
Shawmetro
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 3:20PM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,703
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,534,060
$2.5M
Cap Rate 7%
$1,810,043
$1.8M
Cap Rate 9%
$1,407,811
$1.4M
Market Conditions
NOI Build-Up for 4,988 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $126,703 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,742 @ 7.0% cap · market cap 7.68%
Theoretical Best
Warehouse
$3.46M
$3.02M – $4.03M
NOI $241,943 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
