Residential Income Property with Hudson River
For Sale
$379,000
Pending
2465 Palisade Avenue 8-B, Bronx, NY 10463
Top-floor Jr-style apartment offers Hudson River sightlines and a large bright laundry room, steps from Metro-North.
Property Size972 SF
Days on Market103
Property Features for 2465 Palisade Avenue 8-B
General Information
Standard status
Pending
Size
972 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
laundry room
Building Details
Building Size
972 SF
Year Built
1957
Listing Agency:
Robert E Hill Inc
Listed By:
Christine Keaveney
(718) 884-2200
Source:
Howardhannanyc
Added: Jun 26
Changed: Sep 26
Last Checked: Oct 6 at 12:16AM
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
Investment Insights
Based on property information with market context.
This top-floor apartment in The Bradley offers Hudson River views the moment you enter, with an airy layout that includes a spacious living/dining area and a windowed eat-in kitchen. At the entrance, there are two double-door closets, plus additional storage as you move through the unit. The primary bedroom fits a king-sized bed and includes two closets that could be combined into one. A wall-up option is noted for creating a second bedroom or den with cross ventilation. The unit also features a large, bright laundry room.
The Bradley is steps away from the Spuyten Duyvil Metro North Station. Commuting time to Grand Central Terminal is described as 33 minutes, and to Yankee Stadium as 14 minutes. The description also notes walkable local and express bus access and nearby shopping and dining, including restaurants and retail along Johnson and Riverdale Avenue, with major highways nearby.
Built in 1957, the apartment’s in-building services include a live-in super, porter, and part-time doorman.
The Bradley is steps away from the Spuyten Duyvil Metro North Station. Commuting time to Grand Central Terminal is described as 33 minutes, and to Yankee Stadium as 14 minutes. The description also notes walkable local and express bus access and nearby shopping and dining, including restaurants and retail along Johnson and Riverdale Avenue, with major highways nearby.
Built in 1957, the apartment’s in-building services include a live-in super, porter, and part-time doorman.
Key Highlights
- 972 SF top‑floor apartment with Hudson River views from the entry
- Storage includes two double‑door closets at the entrance plus additional closet space
- Primary bedroom fits a king‑sized bed; closets could be combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,360
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,200
$447.2K
Cap Rate 7%
$319,429
$319.4K
Cap Rate 9%
$248,444
$248.4K
Market Conditions
NOI Build-Up for 972 SF
Gross rent
$43.2K $44.40/SF
− Vacancy
−$2.5K −$2.58/SF
EGI
$40.7K $41.82/SF
− OpEx
−$18.3K −$18.82/SF
NOI
$22.4K $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%
$447,200
Cap Rate 7%
$319,429
Cap Rate 9%
$248,444
Alternative Uses
Best Use
Apartment 5plus
$319.4K
$279.5K – $372.7K
NOI $22,360 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$673.5K
$589.3K – $785.8K
NOI $47,147 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,278
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 - Top-floor Jr-style apartment offers Hudson River sightlines and a large bright laundry room, steps from Metro-North.
Where is this residential income property located?
The property is located at 2465 Palisade Avenue 8-B Bronx, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 972 SF top‑floor apartment with Hudson River views from the entry; Storage includes two double‑door closets at the entrance plus additional closet space; Primary bedroom fits a king‑sized bed; closets could be combined
