Spuyten Duyvil 2-Bedroom
For Sale
$259,000
2390 Palisade Ave 5-J The, Bronx, NY 10463
Bright 2-bedroom apartment near transportation and amenities in Spuyten Duyvil.
Property Size1,000 SF
Days on Market335
Property Features for 2390 Palisade Ave 5-J The
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Residential
Building Details
Building Size
1,000 SF
Year Built
1950
Listing Agency:
Robert E Hill Inc
Listed By:
Christine Keaveney
(917) 763-7655
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 27
Last Checked: Oct 28 at 8:12AM
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 Robert E Hill Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This bright 2-bedroom apartment is located in Spuyten Duyvil. The large bedrooms can easily accommodate queen or king beds. Hardwood floors are present throughout the unit. The apartment features a spacious living room and foyer, along with a windowed kitchen and bath. Ample storage is available with 6 closets. On-site amenities include laundry facilities, a gym, and a pool. A live-in superintendent is present. The property is located steps from the Metro North Spuyten Duyvil Station and within walking distance of express and local buses, with proximity to major highways. Knolls Crescent, with many shops, is a short walk away, as are Riverdale and Johnson Avenue.
Key Highlights
- Convenient location: Steps to Metro North (Spuyten Duyvil Station), walking distance to express and local buses, and near major highways.
- Enjoy on‑site amenities: Laundry, gym, and pool.
- Spacious layout: Large bedrooms, spacious living room and foyer.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,004
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$44.4K $44.40/SF
− Vacancy
−$2.6K −$2.58/SF
EGI
$41.8K $41.82/SF
− OpEx
−$18.8K −$18.82/SF
NOI
$23.0K $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 Rate 5%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Apartment 5plus
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$692.9K
$606.3K – $808.4K
NOI $48,505 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Bright 2-bedroom apartment near transportation and amenities in Spuyten Duyvil.
Where is this apartment building located?
The property is located at 2390 Palisade Ave 5-J The Bronx, NY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Convenient location: Steps to Metro North (Spuyten Duyvil Station), walking distance to express and local buses, and near major highways.; Enjoy on‑site amenities: Laundry, gym, and pool.; Spacious layout: Large bedrooms, spacious living room and foyer.
