Fully Occupied Multi-Family
For Sale
$3,000,000
2543-45 Bronxwood Ave The, Bronx, NY 10469
Multi-family property with 16 units in great condition.
Property Size8,483 SF
Lot Size0.07 Acres
Days on Market213
Property Features for 2543-45 Bronxwood Ave The
General Information
Standard status
Active
Size
8,483 SF
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,691
Building Details
Building Size
8,483 SF
Year Built
2008
Units
16
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Phaedra Ballin
(646) 420-3288
Source:
Elliman
Added: Mar 10
Changed: Oct 5
Last Checked: Oct 7 at 12:56PM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
The property at 2543-45 Bronxwood Ave is a fully occupied multi-family building. It comprises 16 units, including one studio, eight one-bedroom units, and seven two-bedroom units. The building is described as being in great condition with reliable tenants. It is a four-floor walk-up.
Key Highlights
- Fully occupied multi‑family property with 16 units.
- Consists of a mix of unit types: (1) studio, (8) 1‑bedroom, and (7) 2‑bedroom units.
- Building is in great condition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,140
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,902,800
$3.9M
Cap Rate 7%
$2,787,714
$2.8M
Cap Rate 9%
$2,168,222
$2.2M
Market Conditions
NOI Build-Up for 8,483 SF
Gross rent
$376.6K $44.40/SF
− Vacancy
−$21.8K −$2.58/SF
EGI
$354.8K $41.82/SF
− OpEx
−$159.7K −$18.82/SF
NOI
$195.1K $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%
$3,902,800
Cap Rate 7%
$2,787,714
Cap Rate 9%
$2,168,222
Alternative Uses
Best Use
Apartment 5plus
$2.79M
$2.44M – $3.25M
NOI $195,140 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.88M
$5.14M – $6.86M
NOI $411,469 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-family property with 16 units in great condition.
Where is this apartment building located?
The property is located at 2543-45 Bronxwood Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Fully occupied multi‑family property with 16 units.; Consists of a mix of unit types: (1) studio, (8) 1‑bedroom, and (7) 2‑bedroom units.; Building is in great condition.
