8-Unit Apartment
1550 Parker St The, Bronx, NY 10462
For Sale
New
$2,100,000
A finished basement and on-site parking and garage accompany the apartment units.
Property Size6,013 SF
Days on Market7
Property Features for 1550 Parker St The
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Island Advantage Realty, LLC
Listed By:
Kamruz Z. Baccu · License NY 40BA1029231
(347) 465-3220
Source:
Elliman
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 12 at 8:40AM
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 Island Advantage Realty, LLC
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Investment Insights
Based on property information with market context.
This eight-family apartment property was built in 2003 and includes a finished basement. The unit mix includes a studio and apartments with two bedrooms; one studio is vacant. On-site car parking and a garage are also part of the property.
At 1550 Parker St in the Bronx, the property has a Walk Score of 91, a Bike Score of 92, and a Transit Score of 90.
At 1550 Parker St in the Bronx, the property has a Walk Score of 91, a Bike Score of 92, and a Transit Score of 90.
Key Highlights
- Eight‑family apartment property built in 2003
- Finished basement
- Unit mix includes a studio and two‑bedroom apartments; the studio is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,136
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,720
$2.6M
Cap Rate 7%
$1,859,086
$1.9M
Cap Rate 9%
$1,445,956
$1.4M
Market Conditions
NOI Build-Up for 6,013 SF
Gross rent
$250.4K $41.64/SF
− Vacancy
−$13.8K −$2.29/SF
EGI
$236.6K $39.35/SF
− OpEx
−$106.5K −$17.71/SF
NOI
$130.1K $21.64/SF
Area
ZIP 10462
Vacancy
5.50%
Lease Rate
$41.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,720
Cap Rate 7%
$1,859,086
Cap Rate 9%
$1,445,956
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,136 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,836 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,127
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Multifamily properties in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A finished basement and on-site parking and garage accompany the apartment units.
Where is this multifamily property located?
The property is located at 1550 Parker St The Bronx, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Eight‑family apartment property built in 2003; Finished basement; Unit mix includes a studio and two‑bedroom apartments; the studio is vacant
