Four-Family Brick Investment
1821 Parkview Avenue Bronx, NY 10461
1821 Parkview Avenue, Bronx, NY, 10461
$1,199,999
Pending
For Sale
$1,199,999
Pending
Four-unit brick building with renovated units and an unfinished high-ceiling basement offering potential expansion.
Property Size3,444 SF
Days on Market27
Property Features for 1821 Parkview Avenue
General Information
- Standard status
- Pending
- Size
- 3,444 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1927
Listing agency
Dakis Homes 4 U LLC
(917) 696-5261
Listed by
George C. Dakis
(917) 696-5261
Source
Compass
Added: Jun 26 Updated: Jul 21 at 10:28AM Checked: Jul 21 at 10:28AM
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 Dakis Homes 4 U LLC
Investment Insights
Based on property information with market context.
Four-family brick investment property offering a mix of three renovated two-bedroom units and one renovated one-bedroom unit, delivered vacant. The basement is open and unfinished and includes approximately 1,722 square feet with high ceilings, with two points of egress identified for finishing.
The property is described as being on a safe and quiet block with convenient access to major highways. Public remarks note it is within walking distance of Pelham Bay Subway service, along with buses and shopping.
Recent upgrades mentioned include a new roof, a skylight, and an oil heating system that is described as three years old. The current rental profile is described as having tenants with no leases and low maintenance.
The property is described as being on a safe and quiet block with convenient access to major highways. Public remarks note it is within walking distance of Pelham Bay Subway service, along with buses and shopping.
Recent upgrades mentioned include a new roof, a skylight, and an oil heating system that is described as three years old. The current rental profile is described as having tenants with no leases and low maintenance.
Key Highlights
- 4‑family brick building built in 1927 with renovated units and an unfinished high‑ceiling basement with walk‑out access
- Basement includes 1,722 SF (unfinished) with two points of egress and full plus storage space for potential expansion
- Unit mix: three renovated 2BR units and one 1BR unit delivered vacant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.2k | $38.40 |
| − Vacancy | −$7.3k | −$2.11 |
| EGI | $125.0k | $36.29 |
| − OpEx | −$37.5k | −$10.89 |
| NOI | $87.5k | $25.40 |
3,444 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,483 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$1.13M
$990.3K – $1.32M
NOI $79,225 @ 7.0% cap · market cap 6.60%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.78M
NOI $167,051 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit brick building with renovated units and an unfinished high-ceiling basement offering potential expansion.
Where is this quadplex located?
The property is located at 1821 Parkview Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 4‑family brick building built in 1927 with renovated units and an unfinished high‑ceiling basement with walk‑out access; Basement includes 1,722 SF (unfinished) with two points of egress and full plus storage space for potential expansion; Unit mix: three renovated 2BR units and one 1BR unit delivered vacant
