Residential Income Property For
For Sale
$242,000
2860 Bailey Ave 5D The, Bronx, NY 10463
Residential income property available for purchase.
Property Size950 SF
Days on Market326
Property Features for 2860 Bailey Ave 5D The
General Information
Standard status
Active
Size
950 SF
Property subtype
Residential
Building Details
Building Size
950 SF
Year Built
1955
Listing Agency:
RE/MAX Distinguished Homes & Properties
Listed By:
Nancy Rondon · License #40ca1174186
(917) 837-0724
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 16
Last Checked: Oct 19 at 6:46AM
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 RE/MAX Distinguished Homes & Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A residential income property is available for sale. The list price is $249,000.
Key Highlights
- Year Built: 1955
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,853
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,060
$437.1K
Cap Rate 7%
$312,186
$312.2K
Cap Rate 9%
$242,811
$242.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$42.2K $44.40/SF
− Vacancy
−$2.4K −$2.58/SF
EGI
$39.7K $41.82/SF
− OpEx
−$17.9K −$18.82/SF
NOI
$21.9K $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 Rate 5%
$437,060
Cap Rate 7%
$312,186
Cap Rate 9%
$242,811
Alternative Uses
Best Use
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$658.3K
$576.0K – $768.0K
NOI $46,080 @ 7.0% cap · market cap 19.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
3,301
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property available for purchase.
Where is this multifamily property located?
The property is located at 2860 Bailey Ave 5D The Bronx, NY.
What is the asking price?
The asking price for this property is $242,000.
What are key features of this property?
This property features: Year Built: 1955; Price: $11
