Multifamily
1987 Southern Boulevard, Bronx, NY 10460
For Sale
$1,188,000
The property offers 3,991 square feet of space and was built in 2003.
Property Size3,991 SF
Price / SF$297.67
Days on Market41
Property Features for 1987 Southern Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
P R O Links Realty Inc
(718) 487-9992
Listed By:
Vicky Y. Zhang
(347) 681-9300
Source:
Jwsrealtygroup
Added: Oct 5
Changed: Nov 12
Last Checked: Nov 13 at 6:32PM
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 P R O Links Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The multifamily property contains 3,991 square feet and dates to 2003. The available property details identify its size and construction year but do not specify its unit count or interior configuration.
Key Highlights
- 3,991‑square‑foot multifamily property
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,808
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,160
$1.8M
Cap Rate 7%
$1,311,543
$1.3M
Cap Rate 9%
$1,020,089
$1.0M
Market Conditions
NOI Build-Up for 3,991 SF
Gross rent
$177.2K $44.40/SF
− Vacancy
−$10.3K −$2.58/SF
EGI
$166.9K $41.82/SF
− OpEx
−$75.1K −$18.82/SF
NOI
$91.8K $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%
$1,836,160
Cap Rate 7%
$1,311,543
Cap Rate 9%
$1,020,089
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,808 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,300 @ 7.0% cap · market cap 11.22%
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
Location Intelligence
Trade Area within ½ mile
3,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Multifamily properties in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property offers 3,991 square feet of space and was built in 2003.
Where is this multifamily property located?
The property is located at 1987 Southern Boulevard Bronx, NY.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: 3,991‑square‑foot multifamily property; Built in 2003
