Corner Mixed-Use
New
For Sale
$3,280,000
1476 White Plains Road, Bronx, NY 10462
Two-story configuration combines retail, office, and residential space.
Property Size7,300 SF
Lot Size0.09 Acres
Price / SF$449.32
Days on Market2
Property Features for 1476 White Plains Road
General Information
Standard status
Active
Size
7,300 SF
Lot size
0.09 Acres
Property subtype
Commercial
Zoning
R6 / C1-2
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$290,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$38,223
Building Details
Year Built
1930
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Chase Global Realty Corp
(516) 517-2400
Listed By:
Sam Zheng (sam@chasegr.com)
(516) 807-4315
Source:
Educatorsrealty
Added: Sep 12
Last Checked: Sep 12 at 7:29AM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
Built in 1930, this two-story mixed-use property contains approximately 7,300 SF of usable space on an approximately 45 x 90 lot. The current configuration includes 9 income sources: 5 retail stores, 2 offices, and 2 residential units. Five retail occupants have operated at the property for extended periods, including some businesses with more than 30 years of operation.
The building occupies a corner position at 1476 White Plains Road in the Bronx, along a commercial corridor with vehicle and pedestrian activity. Subway and bus service are nearby, including access to the 6 train and Q44 bus. The property is zoned R6 / C1-2 and has an approximately 12,285 SF maximum buildable area, subject to architect review and government approvals.
The building occupies a corner position at 1476 White Plains Road in the Bronx, along a commercial corridor with vehicle and pedestrian activity. Subway and bus service are nearby, including access to the 6 train and Q44 bus. The property is zoned R6 / C1-2 and has an approximately 12,285 SF maximum buildable area, subject to architect review and government approvals.
Key Highlights
- 9 income sources: 5 retail stores, 2 offices, and 2 residential units
- Approximately 7,300 SF of usable space on an approximately 45 x 90 lot
- R6 / C1‑2 zoning with approximately 12,285 SF maximum buildable area
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
$144,540
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
4.41%
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%
$2,890,800
$2.9M
Cap Rate 7%
$2,064,857
$2.1M
Cap Rate 9%
$1,606,000
$1.6M
Market Conditions
NOI Build-Up for 7,300 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
$262.8K $36.00/SF
− Vacancy
−$31.5K −$4.32/SF
EGI
$231.3K $31.68/SF
− OpEx
−$86.7K −$11.88/SF
NOI
$144.5K $19.80/SF
Area
ZIP 10462
Vacancy
12.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,890,800
Cap Rate 7%
$2,064,857
Cap Rate 9%
$1,606,000
Alternative Uses
Best Use
Mixed Use
$2.06M
$1.81M – $2.41M
NOI $144,540 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$2.01M
$1.76M – $2.35M
NOI $140,729 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,822 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,830
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 35%
Groceries 10%
Electronics 5%
McDonald's
Dining
50,231 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,743 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
10,545 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
7,923 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
7,079 visits/mo
0.3 miles
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines retail, office, and residential space.
Where is this mixed-use property located?
The property is located at 1476 White Plains Road Bronx, NY.
What is the asking price?
The asking price for this property is $3,280,000.
What are key features of this property?
This property features: 9 income sources: 5 retail stores, 2 offices, and 2 residential units; Approximately 7,300 SF of usable space on an approximately 45 x 90 lot; R6 / C1‑2 zoning with approximately 12,285 SF maximum buildable area
