Mixed-Use Building with
For Sale
$2,350,000
365 E 197th Street, Bronx, NY 10458
R7B zoning, residential apartments, garage capacity and on-site parking define this four-story property.
Property Size5,220 SF
Lot Size0.14 Acres
Price / SF$450.19
Days on Market157
Property Features for 365 E 197th Street
General Information
Standard status
Active
Size
5,220 SF
Total Parking Spaces
10
Lot size
0.14 Acres
Property subtype
Commercial
Zoning
R7B
Units
Unit Mix
1 x 3BR/2BA, 2 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Parking Facility Type
parking garage
Taxes and HOA fees
Annual Taxes
$8,687
Amenities
excellent signage
high ceilings
full basement
LED lighting
Building Details
Building Size
5,220 SF
Year Built
1930
Buildings
1
Stories
4
Tenancy
Multi
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: May 21
Changed: Oct 23
Last Checked: Oct 23 at 3:24PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
At 365 E 197th Street, this four-story mixed-use property includes three three-bedroom apartments, a five-car garage, 10 parking spaces and a full basement. The building dates to 1930 and has LED lighting and 200-amp electrical service. R7B zoning applies, and the property can be delivered vacant if needed.
The property is in the Bronx between Grand Concourse and Webster Avenue, near Fordham University. Nearby businesses include Starbucks, Target, Walgreens and Aldi.
The three apartments and garage are identified as available. The site combines residential units with garage and surface parking in a single mixed-use property.
The property is in the Bronx between Grand Concourse and Webster Avenue, near Fordham University. Nearby businesses include Starbucks, Target, Walgreens and Aldi.
The three apartments and garage are identified as available. The site combines residential units with garage and surface parking in a single mixed-use property.
Key Highlights
- R7B zoning
- Four‑story building constructed in 1930
- Three 3‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,079
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,785
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - R7B zoning, residential apartments, garage capacity and on-site parking define this four-story property.
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: R7B zoning; Four‑story building constructed in 1930; Three 3‑bedroom apartments
