Brick Stucco Multifamily with Bonus
For Sale
$1,799,900
204 W 260th St The, Bronx, NY 10471
Bi-level building with three apartments, two ground-level bonus areas, and hardwood floors plus updated appliances in some units.
Property Size2,636 SF
Lot Size0.11 Acres
Price / SF$449.98
Days on Market95
Property Features for 204 W 260th St The
General Information
Standard status
Active
Size
2,636 SF
Lot size
0.11 Acres
Property subtype
Investment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,322
Amenities
hardwood floors
updated appliances
Building Details
Building Size
2,636 SF
Year Built
1920
Units
3
Construction
brick and stucco
Tenancy
Multi
Listing Agency:
RE/MAX In The City
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Elliman
Added: Jul 28
Changed: Oct 29
Last Checked: Oct 28 at 9:13AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$101,606
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,120
$2.0M
Cap Rate 7%
$1,451,514
$1.5M
Cap Rate 9%
$1,128,956
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$153.6K $38.40/SF
− Vacancy
−$8.4K −$2.11/SF
EGI
$145.2K $36.29/SF
− OpEx
−$43.5K −$10.89/SF
NOI
$101.6K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,120
Cap Rate 7%
$1,451,514
Cap Rate 9%
$1,128,956
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.
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Property Analytics
Who owns this building?
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
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Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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.
