One-Bedroom Residential Income
For Sale
$298,000
2600 HENRY HUDSON Parkway E 1D, Bronx, NY 10463
Updated condominium residence with renovated kitchen, hardwood floors, abundant windows, and refreshed bath finishes.
Property Size776 SF
Price / SF$384.02
Days on Market29
Property Features for 2600 HENRY HUDSON Parkway E 1D
General Information
Standard status
Active
Size
776 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,208
Building Details
Building Size
776 SF
Year Built
1941
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Maria Carr · License #40CA0789500
(917) 567-6732
Source:
Howardhannanyc
Added: Sep 3
Changed: Sep 25
Last Checked: Sep 30 at 5:16PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This condominium residence offers 776 square feet with one bedroom, an eat-in kitchen, a full bathroom, hardwood floors, multiple closets, and numerous windows. Kitchen improvements include white maple cabinetry, quartz countertops, a new stove, and a refrigerator that is 5 years old. The bathroom has been updated with a pedestal sink and vanity. Additional improvements include 5-year-old air conditioning, select newer light fixtures, and fresh paint.
The property is near restaurants, shopping, nightlife, and several transportation options. Access includes Metro-North’s Hudson Line, the 1 train, express bus routes BxM1, BxM2, and BxM18, and local bus service via Bx10 and Bx20. The building was constructed in 1941.
The property is near restaurants, shopping, nightlife, and several transportation options. Access includes Metro-North’s Hudson Line, the 1 train, express bus routes BxM1, BxM2, and BxM18, and local bus service via Bx10 and Bx20. The building was constructed in 1941.
Key Highlights
- 776‑square‑foot one‑bedroom condominium residence
- Eat‑in kitchen with white maple cabinetry and quartz countertops
- New stove and refrigerator that is 5 years old
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
$17,851
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
5.99%
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%
$357,020
$357.0K
Cap Rate 7%
$255,014
$255.0K
Cap Rate 9%
$198,344
$198.3K
Market Conditions
NOI Build-Up for 776 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
$34.5K $44.40/SF
− Vacancy
−$2.0K −$2.58/SF
EGI
$32.5K $41.82/SF
− OpEx
−$14.6K −$18.82/SF
NOI
$17.9K $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%
$357,020
Cap Rate 7%
$255,014
Cap Rate 9%
$198,344
Alternative Uses
Best Use
Apartment 5plus
$255.0K
$223.1K – $297.5K
NOI $17,851 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$537.7K
$470.5K – $627.3K
NOI $37,640 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,173
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium residence with renovated kitchen, hardwood floors, abundant windows, and refreshed bath finishes.
Where is this residential income property located?
The property is located at 2600 HENRY HUDSON Parkway E 1D Bronx, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 776‑square‑foot one‑bedroom condominium residence; Eat‑in kitchen with white maple cabinetry and quartz countertops; New stove and refrigerator that is 5 years old
