Top-Floor Income Property with
For Sale
$645,000
2711 HENRY HUDSON Parkway 7H, Bronx, NY 10463
Corner layout offers flexible bedroom configuration, private outdoor space, and deeded parking.
Property Size1,650 SF
Price / SF$390.91
Days on Market73
Property Features for 2711 HENRY HUDSON Parkway 7H
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
1
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Parking per Unit
1
Additional Details
HOA Fee
$2,516
Amenities
part-time doorman
live-in super
laundry room
bike room
storage cages
private terrace
Building Details
Building Size
1,650 SF
Year Built
1953
Listing Agency:
Brown Harris Stevens Riverdale LLC
(718) 878-1921
Listed By:
Lee Moskof
(718) 878-1921
Source:
Howardhannanyc
Added: Jun 4
Changed: Aug 15
Last Checked: Aug 15 at 12:59PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This 1,650-square-foot residential income property occupies the top floor of Independence House at 2711 Henry Hudson Parkway. The bright corner apartment is configured as four bedrooms from an original three-bedroom layout and includes a private terrace, deeded parking space, generous closets, and spacious living areas. An eat-in kitchen provides substantial cabinet storage and stainless steel appliances. The primary bathroom has been renovated, while the hall bathroom includes a new vanity.
Built in 1953, the pet-friendly building offers a part-time doorman, live-in superintendent, laundry room, bike room, and storage cages. The property is directly across from Henry Hudson Park, with local and express buses nearby and a Metro-North Rail Link stop outside the building. Eastern exposure brings morning natural light.
Built in 1953, the pet-friendly building offers a part-time doorman, live-in superintendent, laundry room, bike room, and storage cages. The property is directly across from Henry Hudson Park, with local and express buses nearby and a Metro-North Rail Link stop outside the building. Eastern exposure brings morning natural light.
Key Highlights
- 1,650 SF top‑floor corner apartment with four‑bedroom configuration from an original three‑bedroom layout
- Private terrace and deeded parking space
- Eat‑in kitchen with stainless steel appliances and extensive cabinet storage
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
$37,956
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
5.88%
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%
$759,120
$759.1K
Cap Rate 7%
$542,229
$542.2K
Cap Rate 9%
$421,733
$421.7K
Market Conditions
NOI Build-Up for 1,650 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
$73.3K $44.40/SF
− Vacancy
−$4.2K −$2.58/SF
EGI
$69.0K $41.82/SF
− OpEx
−$31.1K −$18.82/SF
NOI
$38.0K $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%
$759,120
Cap Rate 7%
$542,229
Cap Rate 9%
$421,733
Alternative Uses
Best Use
Apartment 5plus
$542.2K
$474.5K – $632.6K
NOI $37,956 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.14M
$1.00M – $1.33M
NOI $80,033 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner layout offers flexible bedroom configuration, private outdoor space, and deeded parking.
Where is this residential income property located?
The property is located at 2711 HENRY HUDSON Parkway 7H Bronx, NY.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1,650 SF top‑floor corner apartment with four‑bedroom configuration from an original three‑bedroom layout; Private terrace and deeded parking space; Eat‑in kitchen with stainless steel appliances and extensive cabinet storage
