Mixed-Use Building with
1700 Zerega Avenue, Bronx, NY 10462
For Sale
$1,199,000
The property combines street-level commercial space with two residential apartments and rented garage space.
Property Size3,513 SF
Price / SF$341.30
Days on Market148
Property Features for 1700 Zerega Avenue
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Century 21 Galvez
(718) 409-6300
Listed By:
Alexander Galvez · License #REB.0792388
(646) 326-3146
Source:
Croninreale
Added: Jun 15
Changed: Nov 7
Last Checked: Nov 8 at 6:22PM
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 Century 21 Galvez
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Investment Insights
Based on property information with market context.
At 1700 Zerega Avenue, this mixed-use building contains a ground-floor commercial unit and two four-bedroom apartments on the upper floors. Two garages are also rented, adding a separate income component. The building dates to 1927 and has a total area of 3,513 square feet.
Zoned R6, the property also has street parking available. Its layout brings commercial, residential, and garage space together within one building.
Zoned R6, the property also has street parking available. Its layout brings commercial, residential, and garage space together within one building.
Key Highlights
- Ground‑floor commercial space with two upper‑floor four‑bedroom apartments
- Two rented garages provide additional income space
- 3,513‑square‑foot building constructed in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,030
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,600
$1.5M
Cap Rate 7%
$1,086,143
$1.1M
Cap Rate 9%
$844,778
$844.8K
Market Conditions
NOI Build-Up for 3,513 SF
Gross rent
$146.3K $41.64/SF
− Vacancy
−$8.0K −$2.29/SF
EGI
$138.2K $39.35/SF
− OpEx
−$62.2K −$17.71/SF
NOI
$76.0K $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%
$1,520,600
Cap Rate 7%
$1,086,143
Cap Rate 9%
$844,778
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.4K – $1.27M
NOI $76,030 @ 7.0% cap · market cap 6.34%
Second Best
Mixed Use
$993.7K
$869.5K – $1.16M
NOI $69,557 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,335 @ 7.0% cap · market cap 9.79%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,652
Businesses Nearby
285k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 43%
Groceries 6%
Electronics 3%
Wendy's
Dining
31,083 visits/mo
0.3 miles
Dollar Tree
Shops & Services
29,487 visits/mo
0.3 miles
BP
Shops & Services
20,116 visits/mo
0.5 miles
Wendy's
Dining
18,594 visits/mo
0.4 miles
Golden Corral
Dining
17,648 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
Check the figures for this property
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Market
Properties on Market for Mixed-use properties in Bronx
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines street-level commercial space with two residential apartments and rented garage space.
Where is this mixed-use property located?
The property is located at 1700 Zerega Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Ground‑floor commercial space with two upper‑floor four‑bedroom apartments; Two rented garages provide additional income space; 3,513‑square‑foot building constructed in 1927
