Building Details

Building Size 2,235 SF

Year Built 1920

Listing Agency: Keller Williams Realty NYC Grp

Listed By: Gregory Tsougranis · License #10469 Show Phone

Source: Serhant

Added: Oct 29 Changed: Nov 2 Last Checked: Nov 3 at 2:32PM

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Investment Insights

Based on property information with market context.

The property contains three units: a 735-square-foot ground-floor commercial space and two apartments. The upper apartment has three bedrooms and one bathroom; the lower apartment has two bedrooms and one bathroom. The building’s approximate footprint is 1,200 square feet, and facade work was recently completed. Oil heat serves all three units, with the landlord covering the system’s fuel expense.

The parcel measures 21 feet across the frontage and 61 feet deep, with a slightly irregular shape. Zoning is R5 with a commercial overlay and a maximum FAR of 1.5. Walk Score is 93, Transit Score is 92, and Bike Score is 52.

Key Highlights

• Three‑unit configuration: one commercial space and two apartments
• 735‑square‑foot ground‑floor commercial unit
• Upper apartment has 3 bedrooms and 1 bathroom; lower apartment has 2 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,612

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,092,240 $1.1M

Cap Rate 7%

$780,171 $780.2K

Cap Rate 9%

$606,800 $606.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,235 SF

Gross rent

$80.5K $36.00/SF

− Vacancy

−$7.6K −$3.42/SF

EGI

$72.8K $32.58/SF

− OpEx

−$18.2K −$8.15/SF

NOI

$54.6K $24.44/SF

Area

Bronx, NY

Vacancy

9.50%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,092,240

Cap Rate 7%

$780,171

Cap Rate 9%

$606,800

Alternative Uses

Best Use

Specialty Retail

$780.2K

$682.7K – $910.2K (±1% cap)

NOI $54,612 @ 7.0% cap · market cap 3.90%

Second Best

Apartment 5plus

$734.5K

$642.7K – $856.9K (±1% cap)

NOI $51,413 @ 7.0% cap · market cap 3.67%

Theoretical Best

Warehouse

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,409 @ 7.0% cap · market cap 7.74%

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

Current Use

Jj Grocery Store Grocery & Convenience Store G & K Deli ... Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Dental Office 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.

Location Intelligence

Trade Area within ½ mile

3,159

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

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 - A street-level general store occupies the commercial space, with an apartment above and another below.

Where is this mixed-use property located?

The property is located at 1541 Rosedale Avenue Bronx, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Three‑unit configuration: one commercial space and two apartments; 735‑square‑foot ground‑floor commercial unit; Upper apartment has 3 bedrooms and 1 bathroom; lower apartment has 2 bedrooms and 1 bathroom