Commercial Land with Existing
New
For Sale
$3,800,000
3136 Webster Ave The, Bronx, NY 10467
R7D-zoned property combines an existing two-story building with as-of-right development capacity and access to multiple transit options.
Property Size10,500 SF
Days on Market2
Property Features for 3136 Webster Ave The
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,920
Building Details
Building Size
10,500 SF
Year Built
1920
Listing Agency:
eXp Realty
(917) 599-8976
Listed By:
Manuel Galan
(917) 599-8976
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:37AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This R7D-zoned commercial land parcel contains 7,621 square feet, or 0.18 acres, with approximately 24,997 buildable square feet available as-of-right. The property also includes a two-story building constructed in 1920 that totals 10,500 square feet. Additional density may be available through Inclusionary Housing.
The property is located on the Webster Avenue corridor near Montefiore Medical Center and Fordham University. Transit connections include the B and D subway lines, Metro-North, and Bx41 Select Bus Service. The surrounding area includes new construction and established rental demand. Walk Score is 81, Transit Score is 100, and Bike Score is 71. The property is reported at a 14% cap rate.
The property is located on the Webster Avenue corridor near Montefiore Medical Center and Fordham University. Transit connections include the B and D subway lines, Metro-North, and Bx41 Select Bus Service. The surrounding area includes new construction and established rental demand. Walk Score is 81, Transit Score is 100, and Bike Score is 71. The property is reported at a 14% cap rate.
Key Highlights
- 7,621 square feet of land on a 0.18‑acre parcel
- R7D zoning with approximately 24,997 buildable square feet as‑of‑right
- Existing two‑story, 10,500‑square‑foot building constructed in 1920
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
$226,709
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
5.97%
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%
$4,534,180
$4.5M
Cap Rate 7%
$3,238,700
$3.2M
Cap Rate 9%
$2,518,989
$2.5M
Market Conditions
NOI Build-Up for 10,500 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
$352.8K $33.60/SF
− Vacancy
−$28.9K −$2.76/SF
EGI
$323.9K $30.84/SF
− OpEx
−$97.2K −$9.25/SF
NOI
$226.7K $21.59/SF
Area
ZIP 10467
Vacancy
8.20%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,534,180
Cap Rate 7%
$3,238,700
Cap Rate 9%
$2,518,989
Alternative Uses
Best Use
Industrial
$5.99M
$5.24M – $6.99M
NOI $419,426 @ 7.0% cap · market cap 11.04%
Second Best
Retail
$3.24M
$2.83M – $3.78M
NOI $226,709 @ 7.0% cap · market cap 5.97%
Theoretical Best
Warehouse
$7.28M
$6.37M – $8.49M
NOI $509,303 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,415
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 34%
Groceries 22%
Electronics 2%
McDonald's
Dining
15,814 visits/mo
0.2 miles
Capital One Bank
Shops & Services
15,255 visits/mo
0.3 miles
Super Foodtown
Groceries
11,640 visits/mo
0.2 miles
BP
Shops & Services
5,445 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
5,367 visits/mo
0.5 miles
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - R7D-zoned property combines an existing two-story building with as-of-right development capacity and access to multiple transit options.
Where is this commercial land located?
The property is located at 3136 Webster Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 7,621 square feet of land on a 0.18‑acre parcel; R7D zoning with approximately 24,997 buildable square feet as‑of‑right; Existing two‑story, 10,500‑square‑foot building constructed in 1920
