Residential Income Property with
For Sale
$495,500
2400 JOHNSON Avenue 11K, Bronx, NY 10463
Corner two-bedroom residence with river, park, and skyline outlooks, full-service cooperative amenities, and transit access.
Property Size1,200 SF
Price / SF$412.92
Days on Market266
Property Features for 2400 JOHNSON Avenue 11K
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private terrace
24-hour attended lobby
indoor pool
fitness center
community deck
laundry room
storage
parking garage
pet-friendly
Building Details
Building Size
1,200 SF
Year Built
1969
Listing Agency:
Brown Harris Stevens Riverdale LLC
(212) 381-2485
Listed By:
Sandhya N Tidke
(212) 381-2485
Source:
Howardhannanyc
Added: Nov 20, 2025
Changed: Aug 11
Last Checked: Aug 12 at 2:37PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This south- and east-facing corner residence offers 1,200 square feet with two bedrooms, two bathrooms, and a private terrace. The floor plan includes an L-shaped living and dining area, a windowed kitchen with full-sized appliances and granite countertops, generous closet storage, an en suite primary bath, and a second windowed bathroom with a tub. Expansive windows provide views toward the Hudson River, East River, Inwood Park, the Palisades, and the New York City skyline. The residence is located in a cooperative building completed in 1969.
Building amenities include a 24-hour attended lobby, indoor pool, fitness center currently under renovation, community deck, floor-level laundry room, storage options, and a three-level parking garage with spaces available. The building permits one dog with prior approval. Shops, schools, local and express buses, the #1 train, and Metro-North are nearby.
Building amenities include a 24-hour attended lobby, indoor pool, fitness center currently under renovation, community deck, floor-level laundry room, storage options, and a three-level parking garage with spaces available. The building permits one dog with prior approval. Shops, schools, local and express buses, the #1 train, and Metro-North are nearby.
Key Highlights
- 1,200‑square‑foot south- and east‑facing corner residence
- Two bedrooms, two bathrooms, and a private terrace
- Views of the Hudson River, East River, Inwood Park, Palisades, and NYC skyline
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
$27,604
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
5.57%
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%
$552,080
$552.1K
Cap Rate 7%
$394,343
$394.3K
Cap Rate 9%
$306,711
$306.7K
Market Conditions
NOI Build-Up for 1,200 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
$53.3K $44.40/SF
− Vacancy
−$3.1K −$2.58/SF
EGI
$50.2K $41.82/SF
− OpEx
−$22.6K −$18.82/SF
NOI
$27.6K $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%
$552,080
Cap Rate 7%
$394,343
Cap Rate 9%
$306,711
Alternative Uses
Best Use
Apartment 5plus
$394.3K
$345.1K – $460.1K
NOI $27,604 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$831.5K
$727.6K – $970.1K
NOI $58,206 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,285
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner two-bedroom residence with river, park, and skyline outlooks, full-service cooperative amenities, and transit access.
Where is this residential income property located?
The property is located at 2400 JOHNSON Avenue 11K Bronx, NY.
What is the asking price?
The asking price for this property is $495,500.
What are key features of this property?
This property features: 1,200‑square‑foot south- and east‑facing corner residence; Two bedrooms, two bathrooms, and a private terrace; Views of the Hudson River, East River, Inwood Park, Palisades, and NYC skyline
