Three-Bedroom Residential Income
247 MOUNT HOPE Place 3, Bronx, NY 10457
For Sale
$495,000
Residence features an open living area, upgraded kitchen, two bathrooms, and in-unit laundry within a privacy-oriented layout.
Property Size1,109 SF
Price / SF$446.35
Days on Market80
Property Features for 247 MOUNT HOPE Place 3
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryer
split-system heating + cooling
Juliet balcony
breakfast bar
hardwood floors
recessed lighting
quartz countertops
stainless steel appliances
glass-tile backsplash
walk-in closet
soaking tub
glass-enclosed rain shower
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Lucy Jia Bei Wu
(917) 678-1348
Source:
Miradorrealestate
Added: Aug 19
Changed: Nov 5
Last Checked: Nov 6 at 4:55PM
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 Corcoran Group
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.
Residence #3 at 247 Mount Hope Place is a 1,109-square-foot residential income property built in 1899. The home includes three bedrooms and two bathrooms, with living and dining areas arranged around an open central space. Hardwood flooring, recessed lighting, oversized windows, and a king-sized primary bedroom with walk-in closet and Juliet balcony are among the interior features.
The kitchen is equipped with quartz countertops, a glass-tile backsplash, two-tone cabinetry, stainless-steel appliances, and a peninsula with breakfast bar seating. Additional features include an in-unit washer/dryer, split-system heating and cooling, and storage throughout. The property is on a quiet block in Mount Hope, near local parks, neighborhood cafés, and subway service on the B/D lines.
The kitchen is equipped with quartz countertops, a glass-tile backsplash, two-tone cabinetry, stainless-steel appliances, and a peninsula with breakfast bar seating. Additional features include an in-unit washer/dryer, split-system heating and cooling, and storage throughout. The property is on a quiet block in Mount Hope, near local parks, neighborhood cafés, and subway service on the B/D lines.
Key Highlights
- 1,109‑square‑foot Residence #3 at 247 Mount Hope Place
- Three bedrooms, including a primary suite with walk‑in closet and Juliet balcony
- Two bathrooms with soaking tub and glass‑enclosed rain shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,511
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,220
$510.2K
Cap Rate 7%
$364,443
$364.4K
Cap Rate 9%
$283,456
$283.5K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$49.2K $44.40/SF
− Vacancy
−$2.9K −$2.58/SF
EGI
$46.4K $41.82/SF
− OpEx
−$20.9K −$18.82/SF
NOI
$25.5K $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%
$510,220
Cap Rate 7%
$364,443
Cap Rate 9%
$283,456
Alternative Uses
Best Use
Apartment 5plus
$364.4K
$318.9K – $425.2K
NOI $25,511 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$768.5K
$672.4K – $896.5K
NOI $53,792 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Residential income properties in Bronx
Frequently Asked Questions
What type of property is this?
Residential income property - Residence features an open living area, upgraded kitchen, two bathrooms, and in-unit laundry within a privacy-oriented layout.
Where is this residential income property located?
The property is located at 247 MOUNT HOPE Place 3 Bronx, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,109‑square‑foot Residence #3 at 247 Mount Hope Place; Three bedrooms, including a primary suite with walk‑in closet and Juliet balcony; Two bathrooms with soaking tub and glass‑enclosed rain shower
