Updated Two-Bedroom Income
3215 NETHERLAND Avenue 4E, Bronx, NY 10463
For Sale
$319,000
Pre-war residential unit with renovated interiors, building amenities, and convenient access to shopping, schools, parks, dining, and transit.
Property Size950 SF
Price / SF$335.79
Days on Market164
Property Features for 3215 NETHERLAND Avenue 4E
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
lobby
laundry room
storage
outdoor garden area
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Brian Beaudry
(561) 371-1648
Source:
Carlinwright
Added: May 27
Changed: Nov 5
Last Checked: Nov 6 at 2:52PM
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
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bathroom residential unit offers 950 square feet of updated living space in a building constructed in 1939. Interior features include inlaid hardwood flooring, a spacious living room, five closets, and an east-facing orientation. The windowed kitchen includes stainless steel appliances and wood cabinetry, while the windowed bathroom has been renovated with new tile and fixtures.
Building amenities include a renovated lobby, main-level laundry room, live-in superintendent, storage, and an outdoor garden area. Garage parking is available through a waitlist. The property is pet-friendly with approval, and in-unit washer/dryers are permitted. Maintenance includes heat, hot water, and property taxes; residents separately handle Con Edison, cable, and internet.
Building amenities include a renovated lobby, main-level laundry room, live-in superintendent, storage, and an outdoor garden area. Garage parking is available through a waitlist. The property is pet-friendly with approval, and in-unit washer/dryers are permitted. Maintenance includes heat, hot water, and property taxes; residents separately handle Con Edison, cable, and internet.
Key Highlights
- 2‑bedroom, 1‑bathroom unit with 950 square feet
- 1939 building with a recently renovated lobby and bathroom
- Windowed kitchen with stainless steel appliances and wood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,853
Cap Rate
6.85%
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 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$658.3K
$576.0K – $768.0K
NOI $46,080 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
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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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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Pre-war residential unit with renovated interiors, building amenities, and convenient access to shopping, schools, parks, dining, and transit.
Where is this residential income property located?
The property is located at 3215 NETHERLAND Avenue 4E Bronx, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bathroom unit with 950 square feet; 1939 building with a recently renovated lobby and bathroom; Windowed kitchen with stainless steel appliances and wood cabinetry
