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    Multifamily Property with Six Units Title is generated by Realmo AI

    1838 Westchester Avenue The, Bronx, NY 10472

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    Six-unit multifamily property available for sale.

    Type:Mixed Use
    Property size:
    5,852 SF
    Price / SF:
    $615/SF
    Added:
    Mar 27, 2026
    Days on Market:
    103
    Last Refresh:
    Jul 5 at 11:57 am

    Property Features for 1838 Westchester Avenue The

    General Information

    Standard status
    Active
    Size
    5,852 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    1920

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    Alex Svetlakou
    Alex Svetlakou

    Listing office RIPCO Real Estate

    Listing date Mar 27, 2026

    Source Crexi

    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 RIPCO Real Estate

    HighLights

    • Multifamily property
    • Features 6 units
    • Built in 1920

    Overview

    This multifamily property features six units. The building has a property size of 5852 square feet. It is located at 1838 Westchester Avenue in The Bronx, New York.

    Local Financial Insights For Mixed Use

    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 $351.1k $60.00
    − Vacancy −$52.7k −$9.00
    EGI $298.5k $51.00
    − OpEx −$111.9k −$19.13
    NOI $186.5k $31.88
    5,852 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $2.66M
    $2.33M – $3.11M (±1% cap)
    NOI $186,533 @ 7.0% cap · market cap 5.18%
    Second Best
    Apartment 5plus
    $2.62M
    $2.29M – $3.05M (±1% cap)
    NOI $183,093 @ 7.0% cap · market cap 5.09%
    Theoretical Best
    Specialty Retail
    $14.57M
    $12.75M – $16.99M (±1% cap)
    NOI $1,019,652 @ 7.0% cap · market cap 28.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    A&S Khan Variety ... Discount Store

    Suggested Use

    Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Acupuncture Dental Office Hotel & Motel Bar & Pub Parking Lot & Garage Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    New York
    State
    New York
    Longitude
    -73.8646943
    Latitude
    40.8321851

    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property available for sale.
    Where is this apartment building located?
    The property is located at 1838 Westchester Avenue The Bronx, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Multifamily property; Features 6 units; Built in 1920
    More about this property
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