Mixed-Use Building with
For Sale
$1,300,000
Pending
1688 Webster Avenue, Bronx, NY 10457
Three apartments accompany vacant commercial space in an M1-1-zoned property.
Property Size3,750 SF
Days on Market10
Property Features for 1688 Webster Avenue
General Information
Standard status
Pending
Size
3,750 SF
Zoning
M1-1
Site & Location
Highway Access
Yes
Mixed-Use Components
residential, commercial
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,270
Amenities
1
No
Public
3750
Public Maintained Road
Building Details
Building Size
3,750 SF
Buildings
1
Stories
1
Listing Agency:
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:06PM
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 Donna Francavilla
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1688 Webster Avenue in the Bronx, this 3,750-square-foot mixed-use property includes three residential apartments and commercial space. The commercial area is vacant, and a full lower level provides storage along the length of the building. The property was formerly used as a church.
Two apartments are currently rented with vouchers. The property is zoned M1-1 and offers access to major highways and transportation routes.
Two apartments are currently rented with vouchers. The property is zoned M1-1 and offers access to major highways and transportation routes.
Key Highlights
- Three residential apartments
- Two apartments currently rented with vouchers
- Vacant commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,264
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,280
$1.7M
Cap Rate 7%
$1,232,343
$1.2M
Cap Rate 9%
$958,489
$958.5K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$166.5K $44.40/SF
− Vacancy
−$9.7K −$2.58/SF
EGI
$156.8K $41.82/SF
− OpEx
−$70.6K −$18.82/SF
NOI
$86.3K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,280
Cap Rate 7%
$1,232,343
Cap Rate 9%
$958,489
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,264 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$1.13M
$986.7K – $1.32M
NOI $78,939 @ 7.0% cap · market cap 6.07%
Theoretical Best
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,894 @ 7.0% cap · market cap 13.99%
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
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments accompany vacant commercial space in an M1-1-zoned property.
Where is this mixed-use property located?
The property is located at 1688 Webster Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three residential apartments; Two apartments currently rented with vouchers; Vacant commercial space
