Renovated Residential Income
3400 WAYNE Avenue C63, Bronx, NY 10467
For Sale
$275,000
A two-bedroom home pairs updated kitchen and bath finishes with preserved parquet floors and courtyard views.
Property Size1,000 SF
Price / SF$275
Days on Market12
Property Features for 3400 WAYNE Avenue C63
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
gated landscaped courtyard
bike rooms
community room
storage
laundry
Building Details
Year Built
Construction
Listing Agency:
Corcoran Group
Listed By:
ERIC S FLEMING · License #10301202085 (NY)
(917) 769-7776
Source:
Carlinwright
Added: Oct 26
Changed: Nov 5
Last Checked: Nov 6 at 3:38PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This two-bedroom apartment offers nearly 1000 square feet, with high ceilings, multiple exposures, and views into the courtyard. Renovations include a stainless steel kitchen and a tiled bathroom; bordered parquet flooring remains. The building dates to 1928 and is part of a co-op community comprising seven buildings, each with 12–18 units.
Williamsbridge Oval Park sits directly across from the property. The D and 4 trains and Metro North are a short walk away. Shared amenities include a gated landscaped courtyard, bike rooms, a community room, storage, and laundry.
Williamsbridge Oval Park sits directly across from the property. The D and 4 trains and Metro North are a short walk away. Shared amenities include a gated landscaped courtyard, bike rooms, a community room, storage, and laundry.
Key Highlights
- Two‑bedroom apartment with nearly 1000 square feet
- Renovated stainless steel kitchen and tiled bathroom; bordered parquet floors retained
- Built in 1928; co‑op community of seven buildings with 12–18 units per tower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,760
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,200
$435.2K
Cap Rate 7%
$310,857
$310.9K
Cap Rate 9%
$241,778
$241.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$42.0K $42.00/SF
− Vacancy
−$2.4K −$2.44/SF
EGI
$39.6K $39.56/SF
− OpEx
−$17.8K −$17.80/SF
NOI
$21.8K $21.76/SF
Area
ZIP 10467
Vacancy
5.80%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,200
Cap Rate 7%
$310,857
Cap Rate 9%
$241,778
Alternative Uses
Best Use
Apartment 5plus
$310.9K
$272.0K – $362.7K
NOI $21,760 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$692.9K
$606.3K – $808.4K
NOI $48,505 @ 7.0% cap · market cap 17.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,365
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Residential income properties in Bronx
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom home pairs updated kitchen and bath finishes with preserved parquet floors and courtyard views.
Where is this residential income property located?
The property is located at 3400 WAYNE Avenue C63 Bronx, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑bedroom apartment with nearly 1000 square feet; Renovated stainless steel kitchen and tiled bathroom; bordered parquet floors retained; Built in 1928; co‑op community of seven buildings with 12–18 units per tower
