Two-Unit Mixed-Use
For Sale
$999,999
2350 Washington Avenue, Bronx, NY 10458
A ground-floor bar sits beneath two residential units in a mixed-use building.
Property Size2,500 SF
Price / SF$399
Days on Market50
Property Features for 2350 Washington Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Residential Income
Zoning
M1-4/R7A
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,458
Building Details
Building Size
2,500 SF
Year Built
1931
Buildings
1
Units
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 5
Changed: Oct 23
Last Checked: Oct 23 at 8:56AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This mixed-use property contains a commercial bar on the ground floor with two residential units above. The building dates to 1931 and carries M1-4R7A zoning. Its existing configuration combines commercial and residential space at 2350 Washington Avenue in the Bronx.
Key Highlights
- Two residential units above a ground‑floor commercial bar
- M1‑4R7A zoning
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,088
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,760
$1.2M
Cap Rate 7%
$872,686
$872.7K
Cap Rate 9%
$678,756
$678.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$90.0K $36.00/SF
− Vacancy
−$8.6K −$3.42/SF
EGI
$81.5K $32.58/SF
− OpEx
−$20.4K −$8.15/SF
NOI
$61.1K $24.44/SF
Area
Bronx, NY
Vacancy
9.50%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,760
Cap Rate 7%
$872,686
Cap Rate 9%
$678,756
Alternative Uses
Best Use
Specialty Retail
$872.7K
$763.6K – $1.02M
NOI $61,088 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$821.6K
$718.9K – $958.5K
NOI $57,509 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,263 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
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?
Mixed-use property - A ground-floor bar sits beneath two residential units in a mixed-use building.
Where is this mixed-use property located?
The property is located at 2350 Washington Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two residential units above a ground‑floor commercial bar; M1‑4R7A zoning; Built in 1931
