Riverdale Bronx 5-Unit Apartment
For Sale
Contact for pricing
Pending
211 W 252nd St The, Bronx, NY 10471
Four-story, 5-unit apartment building in Riverdale, The Bronx.
Property Size5,374 SF
Days on Market139
Property Features for 211 W 252nd St The
General Information
Standard status
Pending
Size
5,374 SF
Class
A
Property subtype
Multifamily
Zoning
R6
Net Operating Income
$120,744
Building Details
Year Built
2018
Stories
4
Units
5
Listing Agency:
RIPCO Real Estate
(201) 966-5918
Listed By:
Mitchel Flaherty · License #NY
Source:
Crexi
Added: Mar 26
Changed: Aug 8
Last Checked: Aug 10 at 2:03PM
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 RIPCO Real Estate
Investment Insights
Based on property information with market context.
This four-story brick walk-up apartment building is located in Riverdale, The Bronx. The property contains 5 units and has a total size of 5374 square feet. Each unit is equipped with its own heating and air conditioning systems, as well as Wifi/Video doorbell service. Onsite laundry facilities are available for tenant use. The top floor features a duplex apartment with a roof deck that offers panoramic views of the park. The other four apartments include balconies. This property presents a solid investment opportunity.
Key Highlights
- Duplex apartment with spacious roof deck and panoramic park views.
- Each unit has its own heating and air conditioning systems.
- Each of the four apartments (besides the duplex) includes balconies.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,472,440
$2.5M
Cap Rate 7%
$1,766,029
$1.8M
Cap Rate 9%
$1,373,578
$1.4M
Market Conditions
NOI Build-Up for 5,374 SF
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.
Gross rent
$238.6K $44.40/SF
− Vacancy
−$13.8K −$2.58/SF
EGI
$224.8K $41.82/SF
− OpEx
−$101.1K −$18.82/SF
NOI
$123.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,472,440
Cap Rate 7%
$1,766,029
Cap Rate 9%
$1,373,578
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,622 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.72M
$3.26M – $4.34M
NOI $260,666 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story, 5-unit apartment building in Riverdale, The Bronx.
Where is this apartment building located?
The property is located at 211 W 252nd St The Bronx, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Duplex apartment with **spacious roof deck and panoramic park views.**; Each unit has its own heating and air conditioning systems.; Each of the four apartments (besides the duplex) includes balconies.
