Residential Income Property with River
For Sale
$600,000
2400 JOHNSON Avenue 1K, Bronx, NY 10463
Two-bedroom co-op residence with a flexible den, private patio, full-service amenities, and convenient rail and bus connections.
Property Size1,300 SF
Price / SF$461.54
Days on Market127
Property Features for 2400 JOHNSON Avenue 1K
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA + den
Multifamily Units
1
Additional Details
HOA Fee
$2,233
Amenities
24-hour attended lobby
live-in super
community patio
year round indoor pool
laundry on every other floor
Building Details
Building Size
1,300 SF
Year Built
1969
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Belkis Tappan · License #10401208982 (NY)
(917) 923-4795
Source:
Carlinwright
Added: Jun 15
Changed: Oct 17
Last Checked: Oct 16 at 3:27PM
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
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Investment Insights
Based on property information with market context.
This 1,300-square-foot co-op residence at 2400 Johnson Avenue offers two bedrooms, two bathrooms, and a separate office or den that can function as a third bedroom. The layout includes an entry hall with substantial closet storage, an L-shaped living and dining area, a windowed kitchen with granite countertops and stainless steel appliances, parquet flooring, and a private patio with views toward the Harlem and Hudson Rivers and Inwood Park. The primary suite includes a large bathroom with a walk-in shower, while the second bathroom has a tub and window exposure.
The full-service building includes a 24-hour attended lobby, live-in superintendent, community patio, year-round indoor pool, and laundry facilities on alternating floors. Heat, water, and sewer are included in monthly maintenance. A three-level parking garage serves the building, and pets are permitted. The property is near the Spuyten Duyvil Metro-North station, local and express bus routes, parks, schools, shops, restaurants, coffee shops, and Wave Hill, a 28-acre public cultural garden overlooking the Hudson River and Palisades.
The full-service building includes a 24-hour attended lobby, live-in superintendent, community patio, year-round indoor pool, and laundry facilities on alternating floors. Heat, water, and sewer are included in monthly maintenance. A three-level parking garage serves the building, and pets are permitted. The property is near the Spuyten Duyvil Metro-North station, local and express bus routes, parks, schools, shops, restaurants, coffee shops, and Wave Hill, a 28-acre public cultural garden overlooking the Hudson River and Palisades.
Key Highlights
- 1,300 SF co‑op residence with 2 bedrooms, 2 bathrooms, and a flexible office/den
- Private patio with views of the Harlem and Hudson Rivers and Inwood Park
- Windowed kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,905
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,100
$598.1K
Cap Rate 7%
$427,214
$427.2K
Cap Rate 9%
$332,278
$332.3K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$57.7K $44.40/SF
− Vacancy
−$3.3K −$2.58/SF
EGI
$54.4K $41.82/SF
− OpEx
−$24.5K −$18.82/SF
NOI
$29.9K $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%
$598,100
Cap Rate 7%
$427,214
Cap Rate 9%
$332,278
Alternative Uses
Best Use
Apartment 5plus
$427.2K
$373.8K – $498.4K
NOI $29,905 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$900.8K
$788.2K – $1.05M
NOI $63,057 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom co-op residence with a flexible den, private patio, full-service amenities, and convenient rail and bus connections.
Where is this residential income property located?
The property is located at 2400 JOHNSON Avenue 1K Bronx, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,300 SF co‑op residence with 2 bedrooms, 2 bathrooms, and a flexible office/den; Private patio with views of the Harlem and Hudson Rivers and Inwood Park; Windowed kitchen with granite countertops and stainless steel appliances
