One-Bedroom Residential
For Sale
$239,000
3215 ARLINGTON Avenue 2A, Bronx, NY 10463
The second-floor residence pairs an updated kitchen and walk-in shower with access to a shared community garden.
Property Size800 SF
Price / SF$298.75
Days on Market9
Property Features for 3215 ARLINGTON Avenue 2A
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$893.91
Public Transit
Yes
Amenities
community garden area
Building Details
Building Size
800 SF
Year Built
1958
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Brian Beaudry
(561) 371-1648
Source:
Carlinwright
Added: Sep 23
Changed: Sep 28
Last Checked: Sep 30 at 4:45PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This 800-square-foot, one-bedroom, one-bathroom residence occupies the second floor of Brookshire Hall, a building constructed in 1958. Hardwood floors extend through the unit, which has a foyer, white shaker kitchen cabinetry, white granite counters, stainless steel appliances, and an updated walk-in shower.
The property is in the Bronx near Johnson Avenue, with dining and shopping options and access to local and express buses. Spuyten Duyvil’s Metro-North station is a short distance away, with a reported 25-minute train ride to Grand Central Terminal. Building amenities include a community garden. Pets are permitted with board approval.
The property is in the Bronx near Johnson Avenue, with dining and shopping options and access to local and express buses. Spuyten Duyvil’s Metro-North station is a short distance away, with a reported 25-minute train ride to Grand Central Terminal. Building amenities include a community garden. Pets are permitted with board approval.
Key Highlights
- 800‑square‑foot, one‑bedroom, one‑bathroom residence on the second floor
- Kitchen with white shaker cabinetry, white granite counters, and stainless steel appliances
- Hardwood floors, foyer, and updated walk‑in shower
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
$18,403
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
7.70%
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%
$368,060
$368.1K
Cap Rate 7%
$262,900
$262.9K
Cap Rate 9%
$204,478
$204.5K
Market Conditions
NOI Build-Up for 800 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
$35.5K $44.40/SF
− Vacancy
−$2.1K −$2.58/SF
EGI
$33.5K $41.82/SF
− OpEx
−$15.1K −$18.82/SF
NOI
$18.4K $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 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%
$368,060
Cap Rate 7%
$262,900
Cap Rate 9%
$204,478
Alternative Uses
Best Use
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,403 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$554.3K
$485.1K – $646.7K
NOI $38,804 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,835
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence pairs an updated kitchen and walk-in shower with access to a shared community garden.
Where is this residential income property located?
The property is located at 3215 ARLINGTON Avenue 2A Bronx, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 800‑square‑foot, one‑bedroom, one‑bathroom residence on the second floor; Kitchen with white shaker cabinetry, white granite counters, and stainless steel appliances; Hardwood floors, foyer, and updated walk‑in shower
