Two-Bedroom Residential Income
For Sale
$429,000
3299 CAMBRIDGE Avenue 4F, Bronx, NY 10463
A flexible floor plan includes a windowed dining area and space for a home office or additional bedroom.
Property Size1,250 SF
Price / SF$343.20
Days on Market10
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Property Features for 3299 CAMBRIDGE Avenue 4F
General Information
Standard status
Active
Size
1,250 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
outdoor space
pet-friendly
part-time doorman
live-in super
private playground
laundry room
bike room
storage
indoor parking
Building Details
Building Size
1,250 SF
Year Built
1954
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Andrew J Kramer
(212) 317-3634
Source:
Howardhannanyc
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 15 at 5:49AM
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 Residential Sales LLC
Investment Insights
Based on property information with market context.
This 1,250-square-foot residence, built in 1954, is currently arranged as a two-bedroom home. Its layout can accommodate a home office or a third bedroom, alongside a windowed dining area and two recently updated full bathrooms. The kitchen has stainless steel appliances, a new countertop, and updated flooring; hardwood floors, ample closets, and outdoor space round out the interior features.
The pet-friendly building offers a part-time doorman, live-in superintendent, two porters, laundry and bike rooms, storage, and a private playground. Hallways and elevators have been upgraded, and lobby renovation is underway. Shopping, dining, Ewen Park, schools, houses of worship, and public transportation are within blocks. Indoor parking is waitlisted.
The pet-friendly building offers a part-time doorman, live-in superintendent, two porters, laundry and bike rooms, storage, and a private playground. Hallways and elevators have been upgraded, and lobby renovation is underway. Shopping, dining, Ewen Park, schools, houses of worship, and public transportation are within blocks. Indoor parking is waitlisted.
Key Highlights
- Flexible layout can accommodate a home office or third bedroom
- 1,250 square feet; built in 1954
- Two recently updated full bathrooms and a windowed dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,755
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,100
$575.1K
Cap Rate 7%
$410,786
$410.8K
Cap Rate 9%
$319,500
$319.5K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$55.5K $44.40/SF
− Vacancy
−$3.2K −$2.58/SF
EGI
$52.3K $41.82/SF
− OpEx
−$23.5K −$18.82/SF
NOI
$28.8K $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%
$575,100
Cap Rate 7%
$410,786
Cap Rate 9%
$319,500
Alternative Uses
Best Use
Apartment 5plus
$410.8K
$359.4K – $479.3K
NOI $28,755 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$866.2K
$757.9K – $1.01M
NOI $60,631 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,125
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 - A flexible floor plan includes a windowed dining area and space for a home office or additional bedroom.
Where is this residential income property located?
The property is located at 3299 CAMBRIDGE Avenue 4F Bronx, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Flexible layout can accommodate a home office or third bedroom; 1,250 square feet; built in 1954; Two recently updated full bathrooms and a windowed dining area
