Mixed-Use Building with Five
New
For Sale
$3,500,000
309 Bedford Park Boulevard, Bronx, NY 10458
A four-story stone-and-brick property combines five residential units with daycare occupancy on three upper floors.
Property Size7,400 SF
Price / SF$472.97
Days on Market3
Property Features for 309 Bedford Park Boulevard
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Residential Income
Zoning
R7A
Units
Unit Mix
3 x 5BR/2BA, 1 x 4BR/2BA, 1 x 2BR/2BA
Multifamily Units
5
Individually Metered Utilities
unspecified utilities
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,412
Amenities
Wall/Window Unit(s)
Hot Water, Natural Gas
Finished, Full, Walk-Out Access
High Ceilings, Storage, Walk-In Closet(s)
Neighborhood
Fenced, Back Yard, Perimeter
On Street
Building Details
Building Size
7,400 SF
Year Built
1910
Buildings
1
Stories
4
Construction
stone and brick
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Renato Nikolla
(347) 515-5726
Source:
Evrealestate
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 10:57AM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
This four-story stone-and-brick mixed-use building contains five apartments totaling approximately 7,400 square feet. The unit mix includes three five-bedroom, two-bath apartments, one four-bedroom, two-bath apartment, and one two-bedroom, two-bath apartment on the ground floor. The building was renovated about eight years ago, with work that included kitchens, bathrooms, electrical systems, windows, roofing, heating equipment, and gas piping. Each apartment has its own gas furnace and hot water heater. Concrete and drainage piping were replaced two years ago, and the building also has updated water shutoff components.
The property is in an R7A zoning district, with approximately 2,676 square feet of additional buildable area. The first, second, and third floors are occupied by a daycare operation. Residential units are leased on yearly terms ending in March 2027.
The property is in an R7A zoning district, with approximately 2,676 square feet of additional buildable area. The first, second, and third floors are occupied by a daycare operation. Residential units are leased on yearly terms ending in March 2027.
Key Highlights
- Approximately 7,400 square feet across five residential units
- Unit mix: three 5‑bedroom/2‑bath apartments, one 4‑bedroom/2‑bath apartment, and one 2‑bedroom/2‑bath apartment
- Daycare operation occupies the first, second, and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,227
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,404,540
$3.4M
Cap Rate 7%
$2,431,814
$2.4M
Cap Rate 9%
$1,891,411
$1.9M
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$328.6K $44.40/SF
− Vacancy
−$19.1K −$2.58/SF
EGI
$309.5K $41.82/SF
− OpEx
−$139.3K −$18.82/SF
NOI
$170.2K $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%
$3,404,540
Cap Rate 7%
$2,431,814
Cap Rate 9%
$1,891,411
Alternative Uses
Best Use
Apartment 5plus
$2.43M
$2.13M – $2.84M
NOI $170,227 @ 7.0% cap · market cap 4.86%
Second Best
Mixed Use
$2.12M
$1.85M – $2.47M
NOI $148,185 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$5.13M
$4.49M – $5.98M
NOI $358,938 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,485
Businesses Nearby
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Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A four-story stone-and-brick property combines five residential units with daycare occupancy on three upper floors.
Where is this mixed-use property located?
The property is located at 309 Bedford Park Boulevard Bronx, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 7,400 square feet across five residential units; Unit mix: three 5‑bedroom/2‑bath apartments, one 4‑bedroom/2‑bath apartment, and one 2‑bedroom/2‑bath apartment; Daycare operation occupies the first, second, and third floors
