Bronx Multifamily Investment
For Sale
$203,000
355 Bronx River Ave 1B The, Bronx, NY 10473
Multifamily property for sale in The Bronx, NY.
Property Size543 SF
Days on Market313
Property Features for 355 Bronx River Ave 1B The
General Information
Standard status
Active
Size
543 SF
Property subtype
Residential
Building Details
Building Size
543 SF
Year Built
2023
Listing Agency:
Keller Williams Realty NYC Group
Listed By:
Julia V. Egorova
(646) 919-8107
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 29
Last Checked: Oct 5 at 7:47PM
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 Keller Williams Realty NYC Group
Investment Insights
Based on property information with market context.
A multifamily property located at 355 Bronx River Ave 1B, The Bronx, NY 10473 is available for purchase. The property is classified as an apartment building and a residential income property.
Key Highlights
- New construction: Built in 2023.
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,491
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,820
$249.8K
Cap Rate 7%
$178,443
$178.4K
Cap Rate 9%
$138,789
$138.8K
Market Conditions
NOI Build-Up for 543 SF
Gross rent
$24.1K $44.40/SF
− Vacancy
−$1.4K −$2.58/SF
EGI
$22.7K $41.82/SF
− OpEx
−$10.2K −$18.82/SF
NOI
$12.5K $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%
$249,820
Cap Rate 7%
$178,443
Cap Rate 9%
$138,789
Alternative Uses
Best Use
Apartment 5plus
$178.4K
$156.1K – $208.2K
NOI $12,491 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$376.3K
$329.2K – $439.0K
NOI $26,338 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in The Bronx, NY.
Where is this apartment building located?
The property is located at 355 Bronx River Ave 1B The Bronx, NY.
What is the asking price?
The asking price for this property is $203,000.
What are key features of this property?
This property features: New construction: Built in 2023.; Price: $11
