Renovated 8-Unit Residential
For Sale
$2,900,000
2740 Sexton Pl The, Bronx, NY 10469
Fully renovated 8-unit building with modern upgrades and tenant-paid utilities.
Property Size3,700 SF
Lot Size0.05 Acres
Days on Market314
Property Features for 2740 Sexton Pl The
General Information
Standard status
Active
Size
3,700 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,225
Building Details
Building Size
3,700 SF
Year Built
1931
Units
8
Listed By:
Stefany E. Perez
(914) 240-3509
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 1
Last Checked: Oct 5 at 6:23PM
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 Stefany E. Perez
Investment Insights
Based on property information with market context.
The property at 2740 Sexton Place is a fully renovated 8-unit brick residential free market building. Renovated in 2025, the property features upgraded kitchens, bathrooms, flooring, mechanical systems, and common areas throughout. The unit mix includes studios, one-bedroom, and two-bedroom units. Each apartment is equipped with electric split-unit heating and cooling systems. All units are separately metered for electricity, which keeps utilities tenant-paid. The property is fully rented with 2025 market rents.
Key Highlights
- Fully renovated in 2025 with upgraded kitchens, bathrooms, flooring, mechanical systems, and common areas.
- 7.5% CAP Rate
- Fully rented with 2025 market rents.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,113
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,260
$1.7M
Cap Rate 7%
$1,215,900
$1.2M
Cap Rate 9%
$945,700
$945.7K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$164.3K $44.40/SF
− Vacancy
−$9.5K −$2.58/SF
EGI
$154.8K $41.82/SF
− OpEx
−$69.6K −$18.82/SF
NOI
$85.1K $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%
$1,702,260
Cap Rate 7%
$1,215,900
Cap Rate 9%
$945,700
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,113 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,469 @ 7.0% cap · market cap 6.19%
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
2,296
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 8-unit building with modern upgrades and tenant-paid utilities.
Where is this apartment building located?
The property is located at 2740 Sexton Pl The Bronx, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fully renovated in 2025 with upgraded kitchens, bathrooms, flooring, mechanical systems, and common areas.; 7.5% CAP Rate; Fully rented with 2025 market rents.
