Multifamily Property with
For Sale
$1,399,000
Pending
3243 Tenbroeck Avenue, Bronx, NY 10469
Residential income property with storage, fenced outdoor areas, and a walk-out lower level.
Property Size3,000 SF
Days on Market203
Property Features for 3243 Tenbroeck Avenue
General Information
Standard status
Pending
Size
3,000 SF
Total Parking Spaces
6
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,357
Amenities
Wall/Window Unit(s)
ENERGY STAR Qualified Equipment, Hot Water, Natural Gas
Partially Finished, Storage Space, Walk-Out Access
Eat-in Kitchen
Fenced
Driveway, Garage, Storage
Mid-Century Modern
Building Details
Building Size
3,000 SF
Year Built
1925
Listing Agency:
The Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(888) 278-5840
Source:
Evrealestate
Added: Apr 1
Changed: Oct 14
Last Checked: Oct 19 at 6:09AM
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 The Greene Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property, built in 1925, includes an eat-in kitchen, storage space, and a partially finished lower level with walk-out access. Interior features also include wall/window unit(s) and ENERGY STAR Qualified Equipment, Hot Water, Natural Gas.
The exterior provides a fenced setting with a driveway, garage, and additional storage. Mid-Century Modern elements are noted among the property features.
The property is situated between Gun Hill Road and Burke Avenue in Williamsbridge, within Bronx County.
The exterior provides a fenced setting with a driveway, garage, and additional storage. Mid-Century Modern elements are noted among the property features.
The property is situated between Gun Hill Road and Burke Avenue in Williamsbridge, within Bronx County.
Key Highlights
- Multifamily property constructed in 1925
- Garage, driveway, fenced exterior, and storage space
- Partially finished lower level with walk‑out access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,011
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,220
$1.4M
Cap Rate 7%
$985,871
$985.9K
Cap Rate 9%
$766,789
$766.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$133.2K $44.40/SF
− Vacancy
−$7.7K −$2.58/SF
EGI
$125.5K $41.82/SF
− OpEx
−$56.5K −$18.82/SF
NOI
$69.0K $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%
$1,380,220
Cap Rate 7%
$985,871
Cap Rate 9%
$766,789
Alternative Uses
Best Use
Apartment 5plus
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,515 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with storage, fenced outdoor areas, and a walk-out lower level.
Where is this residential income property located?
The property is located at 3243 Tenbroeck Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Multifamily property constructed in 1925; Garage, driveway, fenced exterior, and storage space; Partially finished lower level with walk‑out access
