Residential Income Property with
For Sale
$387,900
3515 HENRY HUDSON Parkway 5G, Bronx, NY 10463
Two-bedroom residence with flexible dining space, updated kitchen, abundant storage, and building amenities in central Riverdale.
Property Size1,250 SF
Price / SF$310.32
Days on Market162
Property Features for 3515 HENRY HUDSON Parkway 5G
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
3/4 doorman
live in super
outdoor playground
laundry
storage
bike room
indoor parking
dog friendly
Building Details
Building Size
1,250 SF
Year Built
1954
Listing Agency:
Brown Harris Stevens Riverdale LLC
(718) 878-1921
Listed By:
Lee Moskof
(718) 878-1921
Source:
Carlinwright
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 15 at 12:32PM
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 1,250-square-foot residence at The Briarcliff was built in 1954 and offers two bedrooms, two baths, and a private terrace. The entry foyer leads to a spacious living room and dining area that can be enclosed for use as a third bedroom. An updated pass-through galley kitchen, an en suite windowed bath, refinished parquet floors, fresh paint, ample closets, and a walk-in closet add practical functionality. Southeast and southwest exposures provide views that include Seton Park.
Building amenities include a 3/4 doorman, live-in superintendent, outdoor playground, laundry, storage, bike room, and indoor parking with a waitlist. The property is near Seton Park, the library, shops, schools, restaurants, and houses of worship, with local and express buses and a Metro-North shuttle stop outside the building. Henry Hudson Parkway access is also nearby.
Building amenities include a 3/4 doorman, live-in superintendent, outdoor playground, laundry, storage, bike room, and indoor parking with a waitlist. The property is near Seton Park, the library, shops, schools, restaurants, and houses of worship, with local and express buses and a Metro-North shuttle stop outside the building. Henry Hudson Parkway access is also nearby.
Key Highlights
- 1,250‑square‑foot residence with two bedrooms, two baths, and a private terrace
- Dining area can be enclosed and used as a third bedroom
- Updated pass‑through galley kitchen and en suite windowed bath
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
$28,755
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
7.41%
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%
$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
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
$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 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%
$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 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$866.2K
$757.9K – $1.01M
NOI $60,631 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with flexible dining space, updated kitchen, abundant storage, and building amenities in central Riverdale.
Where is this residential income property located?
The property is located at 3515 HENRY HUDSON Parkway 5G Bronx, NY.
What is the asking price?
The asking price for this property is $387,900.
What are key features of this property?
This property features: 1,250‑square‑foot residence with two bedrooms, two baths, and a private terrace; Dining area can be enclosed and used as a third bedroom; Updated pass‑through galley kitchen and en suite windowed bath
