2048 Mapes Ave The, Bronx, NY 10460
Two multifamily buildings in Crotona, Bronx, near subway.
- Added:
- Sep 4, 2024
- Days on Market:
- 674
- Last Refresh:
- Jul 2 at 7:15 am
Property Features for 2048 Mapes Ave The
General Information
- Standard status
- Active
- Size
- 11,748 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing office Safdie Realty Group
Listing date Sep 4, 2024
Source Crexi
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 Safdie Realty Group
HighLights
- 26 apartments across two buildings.
- Located in Crotona, Bronx, between East 179th Street & East 180th Street.
- Walking distance to the 2 & 5 subway lines.
- R7‑1 Zoning with 32,972 square feet of air rights.
- Built in 1931.
- Combined lot size of 33 ft x 145 ft.
Overview
Local Financial Insights For Apartment 5plus
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 | $521.6k | $44.40 |
| − Vacancy | −$30.3k | −$2.58 |
| EGI | $491.4k | $41.82 |
| − OpEx | −$221.1k | −$18.82 |
| NOI | $270.2k | $23.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.886077
- Latitude
- 40.845451
