Four-Unit Residential Income
2553 Radcliff Avenue Bronx, NY 10469
2553 Radcliff Avenue, Bronx, NY, 10469
$1,249,998
Pending
For Sale
$1,249,998
Pending
Well-maintained four-family property with four spacious units in the Allerton section of the Bronx.
Property Size2,268 SF
Days on Market642
Property Features for 2553 Radcliff Avenue
General Information
- Standard status
- Pending
- Size
- 2,268 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1928
Listing agency
Century 21 Galvez
(646) 326-3146
Listed by
Alexander Galvez · License #10491210468
(646) 326-3146
Source
Exitrealty
Added: Oct 19, 2024 Updated: Jul 21 at 3:27PM Checked: Jul 22 at 8:59AM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
This four-family residential income building is described as well-maintained and features four spacious units. The property is presented as a straightforward investment with multiple rental opportunities within the same structure.
The building is located in the Allerton area of the Bronx, with stated proximity to local shops, restaurants, and parks. The remarks also note convenient access to public transportation.
The offering is for sale and targets investors seeking a multi-unit residential asset in Allerton.
The building is located in the Allerton area of the Bronx, with stated proximity to local shops, restaurants, and parks. The remarks also note convenient access to public transportation.
The offering is for sale and targets investors seeking a multi-unit residential asset in Allerton.
Key Highlights
- 4‑family property in the Allerton section of the Bronx
- Year built: 1928
- Well‑maintained building with four spacious units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.1k | $38.40 |
| − Vacancy | −$4.8k | −$2.11 |
| EGI | $82.3k | $36.29 |
| − OpEx | −$24.7k | −$10.89 |
| NOI | $57.6k | $25.40 |
2,268 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$823.0K
$720.1K – $960.2K
NOI $57,611 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$745.3K
$652.2K – $869.5K
NOI $52,172 @ 7.0% cap · market cap 4.17%
Theoretical Best
Warehouse
$1.57M
$1.38M – $1.83M
NOI $110,010 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-family property with four spacious units in the Allerton section of the Bronx.
Where is this quadplex located?
The property is located at 2553 Radcliff Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,249,998.
What are key features of this property?
This property features: 4‑family property in the Allerton section of the Bronx; Year built: 1928; Well‑maintained building with four spacious units
