6-Unit Apartment
For Sale
$995,000
1976 Cross Bronx Expressway, Bronx, NY 10472
The rent-stabilized property is fully occupied and offers an established residential income profile.
Property Size3,400 SF
Price / SF$292.65
Days on Market130
Property Features for 1976 Cross Bronx Expressway
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Zoning
R6
Occupancy
100%
Additional Details
Asking Price
$995,000
Public Transit
Yes
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,784
Building Details
Building Size
3,400 SF
Year Built
1924
Units
6
Listing Agency:
Metro Star Realty LLC
(718) 794-2327
Listed By:
Ameer M. Moflehi · License #10401398315
(917) 362-3885
Source:
Clairedleone
Added: Jun 17
Changed: Oct 23
Last Checked: Oct 23 at 4:48PM
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 Metro Star Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains 3,400 square feet and was built in 1924. The property is fully occupied, with rent-stabilized units, and is described as well maintained. Zoning is R6.
The 6 train is nearby, providing access to Manhattan. Medical clinics, shopping centers, and schools are also identified in the surrounding area.
The 6 train is nearby, providing access to Manhattan. Medical clinics, shopping centers, and schools are also identified in the surrounding area.
Key Highlights
- Six rent‑stabilized apartments
- Fully occupied
- 3,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,212
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,240
$1.6M
Cap Rate 7%
$1,117,314
$1.1M
Cap Rate 9%
$869,022
$869.0K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$151.0K $44.40/SF
− Vacancy
−$8.8K −$2.58/SF
EGI
$142.2K $41.82/SF
− OpEx
−$64.0K −$18.82/SF
NOI
$78.2K $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%
$1,564,240
Cap Rate 7%
$1,117,314
Cap Rate 9%
$869,022
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.7K – $1.30M
NOI $78,212 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,917 @ 7.0% cap · market cap 16.57%
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
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,750
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The rent-stabilized property is fully occupied and offers an established residential income profile.
Where is this apartment building located?
The property is located at 1976 Cross Bronx Expressway Bronx, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six rent‑stabilized apartments; Fully occupied; 3,400 square feet
