Mixed-Use Building with Renovated
New
For Sale
Contact for pricing
1800 WESTCHESTER AVE BRONX NY 10472-3008, Bronx, NY 10472
Ground-floor dining space and upper-level residences create a property with both commercial and residential occupancy.
Property Size6,750 SF
Lot Size0.05 Acres
Price / SF$293.33
Days on Market7
Property Features for 1800 WESTCHESTER AVE BRONX NY 10472-3008
General Information
Standard status
Active
Size
6,750 SF
Lot size
0.05 Acres
Property subtype
Mixed Use
Net Operating Income
$139,210
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Cap Rate
7%
Multifamily Units
4
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Silber Investment Properties Ltd
Listed By:
C Park · License #NY 10401280106
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 4:23AM
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 Silber Investment Properties Ltd
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 6,750 SF of building area on a 2,375 SF lot. A renovated restaurant occupies the ground floor, with residential units above. The property has two commercial tenants and four residential units, with leases extending through 2030 and 2035. The reported cap rate is 7%.
Key Highlights
- Approximately 6,750 SF of building area on a 2,375 SF lot
- Renovated restaurant on the ground floor, with residences on upper floors
- Two commercial tenants and four residential units
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
$164,936
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
8.33%
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%
$3,298,720
$3.3M
Cap Rate 7%
$2,356,229
$2.4M
Cap Rate 9%
$1,832,622
$1.8M
Market Conditions
NOI Build-Up for 6,750 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
$243.0K $36.00/SF
− Vacancy
−$23.1K −$3.42/SF
EGI
$219.9K $32.58/SF
− OpEx
−$55.0K −$8.15/SF
NOI
$164.9K $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 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%
$3,298,720
Cap Rate 7%
$2,356,229
Cap Rate 9%
$1,832,622
Alternative Uses
Best Use
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $164,936 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$2.22M
$1.94M – $2.59M
NOI $155,275 @ 7.0% cap · market cap 7.84%
Theoretical Best
Warehouse
$4.68M
$4.09M – $5.46M
NOI $327,409 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor dining space and upper-level residences create a property with both commercial and residential occupancy.
Where is this mixed-use property located?
The property is located at 1800 WESTCHESTER AVE BRONX NY 10472-3008 Bronx, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Approximately 6,750 SF of building area on a 2,375 SF lot; Renovated restaurant on the ground floor, with residences on upper floors; Two commercial tenants and four residential units
