Four-Unit Brick Multifamily
For Sale
$1,150,000
Pending
2043 Mayflower Ave The, Bronx, NY 10461
Four-family brick building with a varied apartment mix, walkout basement, garage, and driveway parking.
Property Size3,075 SF
Days on Market49
Property Features for 2043 Mayflower Ave The
General Information
Standard status
Pending
Size
3,075 SF
Property subtype
Investment
Units
Unit Mix
3 x 2BR, 1 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,784
Amenities
walkout basement
Building Details
Building Size
3,075 SF
Year Built
1928
Buildings
1
Units
4
Construction
brick-front
Listing Agency:
Keller Williams Realty Group
Listed By:
Alexandra L. Fischer
(914) 557-8212
Source:
Elliman
Added: Sep 2
Changed: Oct 12
Last Checked: Oct 19 at 6:50AM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
Built in 1928, this brick multifamily property contains four apartments: three two-bedroom units and one renovated one-bedroom unit. The building also includes a walkout basement, a private two-car garage, and driveway parking, providing useful additional space and on-site parking.
The property is located on Mayflower Avenue in Pelham Bay, near transportation, shopping, restaurants, schools, and Pelham Bay Park. Walkability is limited, while biking and transit scores are notably stronger, with a bikeScore of 93, walkScore of 34, and transitScore of 90.
The property is located on Mayflower Avenue in Pelham Bay, near transportation, shopping, restaurants, schools, and Pelham Bay Park. Walkability is limited, while biking and transit scores are notably stronger, with a bikeScore of 93, walkScore of 34, and transitScore of 90.
Key Highlights
- Four‑family configuration with three two‑bedroom apartments and one renovated one‑bedroom apartment
- 1928 construction with brick exterior
- Walkout basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,110
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,562,200
$1.6M
Cap Rate 7%
$1,115,857
$1.1M
Cap Rate 9%
$867,889
$867.9K
Market Conditions
NOI Build-Up for 3,075 SF
Gross rent
$118.1K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.6K $36.29/SF
− OpEx
−$33.5K −$10.89/SF
NOI
$78.1K $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%
$1,562,200
Cap Rate 7%
$1,115,857
Cap Rate 9%
$867,889
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$976.4K – $1.30M
NOI $78,110 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$1.01M
$884.2K – $1.18M
NOI $70,736 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.49M
NOI $149,153 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,742
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
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?
Quadplex - Four-family brick building with a varied apartment mix, walkout basement, garage, and driveway parking.
Where is this quadplex located?
The property is located at 2043 Mayflower Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑family configuration with three two‑bedroom apartments and one renovated one‑bedroom apartment; 1928 construction with brick exterior; Walkout basement included
