Brick Stucco Multifamily with Bonus
204 W 260th St The Bronx, NY 10471
New
For Sale
$1,799,900
Bi-level building with three apartments, two ground-level bonus areas, and hardwood floors plus updated appliances in some units.
Property Size4,000 SF
Lot Size0.11 Acres
Price / SF$449.98
Days on Market2
Property Features for 204 W 260th St The
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.11 Acres
Property subtype
Investment
Building Details
Year Built
1920
Listing Agency:
RE/MAX In The City
(917) 637-0161
Listed By:
Chintan Trivedi · License #10311203986
(917) 637-0161
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 2:47AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
Brick and stucco bi-level multi-family property featuring three distinct, fully functional apartments. The layout includes eight bedrooms and five bathrooms, with hardwood floors throughout and updated appliances in some units. In addition to the apartments, there are two ground-level bonus areas that can support owner use, a home office, or extra tenant storage. The property also includes four separate electric meters to help facilitate tenant billing and natural gas heating.
Parking is available behind the property for multiple vehicles, along with convenient street parking. The home is described as being a short distance from local and express Manhattan buses and major highways, and it is minutes from Van Cortlandt Park amenities and nearby shopping and dining along Mosholu Avenue, with Manhattan University and Bronx School District 10 also noted in the area.
Parking is available behind the property for multiple vehicles, along with convenient street parking. The home is described as being a short distance from local and express Manhattan buses and major highways, and it is minutes from Van Cortlandt Park amenities and nearby shopping and dining along Mosholu Avenue, with Manhattan University and Bronx School District 10 also noted in the area.
Key Highlights
- Brick and stucco multi‑family built in 1920 with approx. 4,000 SF on a 50x100 lot.
- Bi‑level setup with 3 distinct fully functional apartments plus 2 ground‑level bonus areas.
- Total layout includes 8 bedrooms and 5 bathrooms divided across the 3 apartments.
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 | $153.6k | $38.40 |
| − Vacancy | −$8.4k | −$2.11 |
| EGI | $145.2k | $36.29 |
| − OpEx | −$43.5k | −$10.89 |
| NOI | $101.6k | $25.40 |
4,000 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,606 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,015 @ 7.0% cap · market cap 5.11%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,020 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Bi-level building with three apartments, two ground-level bonus areas, and hardwood floors plus updated appliances in some units.
Where is this triplex located?
The property is located at 204 W 260th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Brick and stucco multi‑family built in 1920 with approx. 4,000 SF on a 50x100 lot.; Bi‑level setup with 3 distinct fully functional apartments plus 2 ground‑level bonus areas.; Total layout includes 8 bedrooms and 5 bathrooms divided across the 3 apartments.
