Four-Story Mixed-Use
For Sale
$2,350,000
365 E 197th Street, Bronx, NY 10458
The property can be delivered vacant and includes residential, garage, parking, and basement components.
Property Size5,220 SF
Days on Market101
Property Features for 365 E 197th Street
General Information
Standard status
Active
Size
5,220 SF
Property subtype
Commercial
Zoning
R7B
Taxes and HOA fees
Annual Taxes
$8,687
Building Details
Building Size
5,220 SF
Year Built
1930
Listing Agency:
All Island Estates Realty Corp
(516) 279-8828
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Source:
Maurafinnegan
Added: May 21
Changed: Aug 28
Last Checked: Aug 25 at 9:23AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
Located at 365 E 197th Street in the Bronx, this four-story mixed-use property combines three three-bedroom apartments with substantial supporting space. The building includes a full basement, a five-car garage, and ten on-site parking spaces. Interior features include high 8-foot ceilings, updated LED lighting, and 200-amp electrical service.
The property occupies a 6,000+ square foot lot and contains more than 6,200 square feet of building area. R7B zoning supports the existing mixed-use configuration and provides a basis for evaluating future development plans. The site is positioned between Grand Concourse and Webster Avenue, near Fordham University, with nearby retail, banking, dining, automotive, and self-storage operators. The entire property may be delivered vacant.
The property occupies a 6,000+ square foot lot and contains more than 6,200 square feet of building area. R7B zoning supports the existing mixed-use configuration and provides a basis for evaluating future development plans. The site is positioned between Grand Concourse and Webster Avenue, near Fordham University, with nearby retail, banking, dining, automotive, and self-storage operators. The entire property may be delivered vacant.
Key Highlights
- 6,200+ Sqft. mixed‑use building on a 6,000+ Sqft. lot
- R7B zoning with 4 stories and a full basement
- (3) 3 Br. Apts. plus a 5 Car Garage
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
$120,079
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
5.11%
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%
$2,401,580
$2.4M
Cap Rate 7%
$1,715,414
$1.7M
Cap Rate 9%
$1,334,211
$1.3M
Market Conditions
NOI Build-Up for 5,220 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
$231.8K $44.40/SF
− Vacancy
−$13.4K −$2.58/SF
EGI
$218.3K $41.82/SF
− OpEx
−$98.2K −$18.82/SF
NOI
$120.1K $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%
$2,401,580
Cap Rate 7%
$1,715,414
Cap Rate 9%
$1,334,211
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,079 @ 7.0% cap · market cap 5.11%
Second Best
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,531 @ 7.0% cap · market cap 4.45%
Theoretical Best
Warehouse
$3.62M
$3.16M – $4.22M
NOI $253,197 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property can be delivered vacant and includes residential, garage, parking, and basement components.
Where is this mixed-use property located?
The property is located at 365 E 197th Street Bronx, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 6,200+ Sqft. mixed‑use building on a 6,000+ Sqft. lot; R7B zoning with 4 stories and a full basement; (3) 3 Br. Apts. plus a 5 Car Garage
