Bronx Multifamily Property for
For Sale
$203,000
359 Bronx River Ave 3B The, Bronx, NY 10473
Multifamily property available in The Bronx, New York.
Property Size549 SF
Days on Market314
Property Features for 359 Bronx River Ave 3B The
General Information
Standard status
Active
Size
549 SF
Property subtype
Residential
Building Details
Building Size
549 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 25
Last Checked: Oct 5 at 7:40PM
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 is available for sale in The Bronx, New York. The property is located at 359 Bronx River Ave, specifically unit 3B, in the 10473 zip code. The list price is $203,000.
Key Highlights
- New construction (Year Built: 2023)
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,629
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,580
$252.6K
Cap Rate 7%
$180,414
$180.4K
Cap Rate 9%
$140,322
$140.3K
Market Conditions
NOI Build-Up for 549 SF
Gross rent
$24.4K $44.40/SF
− Vacancy
−$1.4K −$2.58/SF
EGI
$23.0K $41.82/SF
− OpEx
−$10.3K −$18.82/SF
NOI
$12.6K $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%
$252,580
Cap Rate 7%
$180,414
Cap Rate 9%
$140,322
Alternative Uses
Best Use
Apartment 5plus
$180.4K
$157.9K – $210.5K
NOI $12,629 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$380.4K
$332.9K – $443.8K
NOI $26,629 @ 7.0% cap · market cap 13.12%
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 available in The Bronx, New York.
Where is this apartment building located?
The property is located at 359 Bronx River Ave 3B 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 (Year Built: 2023); Price: $11
