Renovated Residential Income
For Sale
$365,000
3600 FIELDSTON Road 3E, Bronx, NY 10463
Two-bedroom co-op residence with hardwood floors, updated appliances, building amenities, and convenient Bronx transportation access.
Property Size1,100 SF
Price / SF$331.82
Days on Market48
Property Features for 3600 FIELDSTON Road 3E
General Information
Standard status
Active
Size
1,100 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
Gym
Elevator
24 hour laundry room
Live-in super
Bicycle room
Courtyard
Storage lockers
New intercom system
Fitness room
Building Details
Building Size
1,100 SF
Year Built
1941
Listing Agency:
Brown Harris Stevens Riverdale LLC
(917) 923-4795
Listed By:
Belkis Tappan · License #10401208982 (NY)
(917) 923-4795
Source:
Howardhannanyc
Added: Jun 24
Changed: Aug 9
Last Checked: Aug 9 at 6:22PM
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 renovated two-bedroom, one-bath residence occupies Apt. 3E at The Van Buren, a pre-war co-op building constructed in 1941. The 1,100-square-foot layout includes a galley kitchen with stainless appliances, a separate dining area, a sunken living room, hardwood floors, and substantial closet storage. Windows throughout bring natural light into the home, while the apartment also offers two kitchen entry closets.
Building amenities include an elevator, gym and fitness room, 24-hour laundry room, live-in superintendent, bicycle room, storage lockers, courtyard, and updated intercom system. Pets are allowed. The property is near parks, playgrounds, shops, restaurants, schools, and the neighborhood library, with local and express bus service connecting to subway lines and Manhattan. Wave Hill, the New York Botanical Garden, and the Bronx Zoo are also nearby.
Building amenities include an elevator, gym and fitness room, 24-hour laundry room, live-in superintendent, bicycle room, storage lockers, courtyard, and updated intercom system. Pets are allowed. The property is near parks, playgrounds, shops, restaurants, schools, and the neighborhood library, with local and express bus service connecting to subway lines and Manhattan. Wave Hill, the New York Botanical Garden, and the Bronx Zoo are also nearby.
Key Highlights
- 1,100‑square‑foot renovated two‑bedroom, one‑bath apartment
- Located in The Van Buren, a pre‑war co‑op building constructed in 1941
- Galley kitchen with stainless appliances, dining area, sunken living room, and hardwood floors
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
$25,304
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
6.93%
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%
$506,080
$506.1K
Cap Rate 7%
$361,486
$361.5K
Cap Rate 9%
$281,156
$281.2K
Market Conditions
NOI Build-Up for 1,100 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
$48.8K $44.40/SF
− Vacancy
−$2.8K −$2.58/SF
EGI
$46.0K $41.82/SF
− OpEx
−$20.7K −$18.82/SF
NOI
$25.3K $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%
$506,080
Cap Rate 7%
$361,486
Cap Rate 9%
$281,156
Alternative Uses
Best Use
Apartment 5plus
$361.5K
$316.3K – $421.7K
NOI $25,304 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$762.2K
$667.0K – $889.3K
NOI $53,356 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,081
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 co-op residence with hardwood floors, updated appliances, building amenities, and convenient Bronx transportation access.
Where is this residential income property located?
The property is located at 3600 FIELDSTON Road 3E Bronx, NY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,100‑square‑foot renovated two‑bedroom, one‑bath apartment; Located in The Van Buren, a pre‑war co‑op building constructed in 1941; Galley kitchen with stainless appliances, dining area, sunken living room, and hardwood floors
