Six-Unit Walk-Up
For Sale
$1,250,000
243 Bedford Park Boulevard, Bronx, NY 10458
Six-unit semi-detached walk-up building includes a garage and carport, with updated boiler, electrical, and hot water systems.
Property Size3,969 SF
Price / SF$314.94
Days on Market77
Property Features for 243 Bedford Park Boulevard
General Information
Standard status
Active
Size
3,969 SF
Property subtype
Triplex
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$20,393
Amenities
Yes, Yes, 1.0, Off Street
Square Feet
Partially Finished, Yes
Other, Public
Other
No
Brick
Off Street
Building Details
Year Built
1909
Tenancy
Multi
Listing Agency:
eRealty Advisors, Inc
(914) 712-6330
Listed By:
Isabel C. Saenz
(914) 712-6330
Source:
Compass
Added: May 26
Changed: Aug 9
Last Checked: Aug 9 at 11:54AM
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 eRealty Advisors, Inc
Investment Insights
Based on property information with market context.
This six-unit multifamily building features a classic New York City walk-up design within a semi-detached structure. The property is described as being in excellent condition and includes a new gas boiler and a 75-gallon hot water tank. It also has brand-new electrical service, along with a garage, a carport, and a newly paved concrete backyard. One apartment will be delivered vacant.
The address is 243 Bedford Park Boulevard in the Bronx. The seller notes the property is located near major transportation options, shopping centers, restaurants, schools, parks, and other neighborhood amenities, providing convenient access to Manhattan and surrounding boroughs.
As a 6-unit income-producing multifamily asset, the building offers a straightforward residential layout consistent with a walk-up configuration.
The address is 243 Bedford Park Boulevard in the Bronx. The seller notes the property is located near major transportation options, shopping centers, restaurants, schools, parks, and other neighborhood amenities, providing convenient access to Manhattan and surrounding boroughs.
As a 6-unit income-producing multifamily asset, the building offers a straightforward residential layout consistent with a walk-up configuration.
Key Highlights
- Six‑unit semi‑detached walk‑up multifamily building in Bedford Park, Bronx
- Brick construction with off‑street parking plus a garage and carport
- Updated systems include a new gas boiler and 75‑gallon hot water tank
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
$91,301
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
7.30%
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%
$1,826,020
$1.8M
Cap Rate 7%
$1,304,300
$1.3M
Cap Rate 9%
$1,014,456
$1.0M
Market Conditions
NOI Build-Up for 3,969 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
$176.2K $44.40/SF
− Vacancy
−$10.2K −$2.58/SF
EGI
$166.0K $41.82/SF
− OpEx
−$74.7K −$18.82/SF
NOI
$91.3K $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%
$1,826,020
Cap Rate 7%
$1,304,300
Cap Rate 9%
$1,014,456
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,301 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.75M
$2.41M – $3.21M
NOI $192,517 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,485
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
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 - Six-unit semi-detached walk-up building includes a garage and carport, with updated boiler, electrical, and hot water systems.
Where is this apartment building located?
The property is located at 243 Bedford Park Boulevard Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six‑unit semi‑detached walk‑up multifamily building in Bedford Park, Bronx; Brick construction with off‑street parking plus a garage and carport; Updated systems include a new gas boiler and 75‑gallon hot water tank
