Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bronx Multifamily Building Investment Opportunity Title is generated by Realmo AI

    309 Bedford Park Blvd The, Bronx, NY 10458

    View on Map
    Claim this Listing
    For Sale
    $3,500,000

    Well-maintained, renovated 4-story multifamily building in Bedford Park/Norwood section.

    Type:Commercial
    Property size:
    7,400 SF
    Price / SF:
    $472/SF
    Added:
    May 21, 2026
    Days on Market:
    14
    Last Refresh:
    May 21 at 12:17 pm

    Property Features for 309 Bedford Park Blvd The

    General Information

    Standard status
    Active
    Size
    7,400 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Renato Nikolla

    Listing agent Renato Nikolla

    Listing office

    Listing date May 21, 2026

    Source Elliman

    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 Renato Nikolla

    HighLights

    • Full gut renovation completed approximately 8 years ago, including new electrical, plumbing, kitchens, bathrooms, windows, roof, furnaces, and hot water heaters.
    • Five oversized residential units: four 5‑bedroom/2‑bathroom apartments and one 2‑bedroom/2‑bathroom unit, offering strong rental demand.
    • Prime Bronx location in the desirable Bedford Park/Norwood section, near transportation, shopping, schools, parks, and major thoroughfares.
    • All utilities are fully separated, with each unit having its own independent gas furnace and hot water heater.
    • R7A zoning allows for approximately 2,676 square feet of additional buildable area for future development.
    • TransitScore of 100 (Rider's Paradise), WalkScore of 81 (Very Walkable), and BikeScore of 71 (Very Bikeable).

    Overview

    Located in the Bedford Park/Norwood section of The Bronx, this well-maintained 4-story stone and brick multifamily building offers an investment opportunity. The property spans approximately 7,400 square feet and includes 5 oversized residential units. There are four expansive 5-bedroom, 2-bathroom apartments and one ground-floor 2-bedroom, 2-bathroom unit. The building underwent a full gut renovation approximately 8 years ago, including new drywall, upgraded electrical systems and fixtures, renovated kitchens and bathrooms, upgraded windows, a new roof, new furnaces and hot water heaters, updated heating elements, and new gas piping. Ownership has continued to maintain and improve the building since the renovation. All utilities are fully separated, with each unit featuring its own individual gas furnace and separate hot water heater, totaling 5 independent heating systems throughout the property. Additional capital improvements include newly installed concrete and drainage piping completed just 2 years ago. Ownership recently installed a new sidewalk curb valve for emergency water shutoff access, professionally de-clogged the main water line, and installed new shutoff valves in the utility room. The 1st, 2nd, and 3rd floor units are currently occupied by a daycare operation. The property is located within an R7A zoning district, allowing for approximately 2,676 square feet of additional buildable area. The location is near transportation, shopping, schools, parks, and major thoroughfares. The bike score is 71 (Very Bikeable), the walk score is 81 (Very Walkable) and the transit score is 100 (Rider's Paradise).
    Location Intelligence

    Current Use by Public Records

    Bumblebees High School

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.884924
    Latitude
    40.870125

    Nearby Similar for Sale

    • $456,000
      3,000 SF

      Established Laundromat Business For Sale

      High-income laundromat business in the Bronx with steady customer base.
      98 W 162nd Street, Bronx, NY 10452
      View Details
    • $949,000
      2,988 SF

      Versatile Commercial Property in Bronx, NY

      Income-generating commercial property with dual storefronts in a growing market.
      70 Grace Church Street, Bronx, NY 10573
      View Details
    • $1,385,000
      3,300 SF

      Renovated Detached Brick Multi-Family Home

      Recently renovated, fully vacant, detached brick multi-family home in Bronx.
      3335 Perry Avenue, Bronx, NY 10467
      View Details
    • $1,050,000
      3,292 SF

      Renovated Multifamily Property, Bronx, NY

      Fully renovated multifamily property with income potential in a desirable neighborhood.
      1822 Hunt Avenue, Bronx, NY 10462
      View Details
    • $1,288,000
      3,312 SF

      Spacious Two-Family Bronx Property

      Two-family property in the Bronx with income potential.
      1188 Grant Avenue, Bronx, NY 10456
      View Details
    • $1,500,000
      2,763 SF

      Vacant Mixed-Use Bronx Opportunity

      Fully vacant mixed-use property in the Castle Hill corridor.
      847 Castle Hill Avenue, Bronx, NY 10473
      View Details
    • $888,000
      2,680 SF

      Bronx Two-Family Home For Sale

      Well-maintained two-family home in the Castle Hill section of Bronx.
      2069 Seward Avenue, Bronx, NY 10473
      View Details
    • $1,250,000
      2,820 SF

      Charming Bronx Multi-Family Home

      Well-maintained, detached 3-family home near Pelham Bay Park.
      2925 Wellman Avenue, Bronx, NY 10461
      View Details
    • $2,580,000

      Retail Storefront Redevelopment Opportunity

      Retail storefront property with redevelopment or renovation potential in a high-demand Bronx retail corridor.
      2356 Arthur Avenue, Bronx, NY 10458
      View Details
    • $1,399,999
      1,400 SF

      Bronx Multifamily Investment Opportunity

      Turnkey multifamily property in Country Club area, ready for cashflow.
      1393 Kearney Avenue, Bronx, NY 10465
      View Details
    • $999,000
      2,730 SF

      Well-Maintained Bronx Two-Family Home

      Spacious two-family home near transportation and amenities.
      3360 Holland Avenue, Bronx, NY 10467
      View Details
    • $749,900
      2,100 SF

      Spacious Bronx Two-Family Home

      Two-family home in Van Nest neighborhood with renovation potential.
      1723 Melville Street, Bronx, NY 10460
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained, renovated 4-story multifamily building in Bedford Park/Norwood section.
    Where is this apartment building located?
    The property is located at 309 Bedford Park Blvd The 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: Full gut renovation completed approximately 8 years ago, including new electrical, plumbing, kitchens, bathrooms, windows, roof, furnaces, and hot water heaters.; Five oversized residential units: **four 5‑bedroom/2‑bathroom apartments and one 2‑bedroom/2‑bathroom unit**, offering strong rental demand.; Prime Bronx location in the desirable Bedford Park/Norwood section, near transportation, shopping, schools, parks, and major thoroughfares.
    (347) 515-5726
    We can help!
    Listing Contact
    Renato Nikolla
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    309 Bedford Park Blvd, The Bronx, NY 10458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!