Building Details

Year built 1930

Building materials Brick, Frame

Listing Agency: All Island Estates Realty Corp j***@allislandestates.com Show Phone

Listed By: Richard Matt Shane · License #1020151 Show Phone

Added: May 21 Changed: Oct 5 Last Checked: Oct 7 at 11:06PM

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MLS# 1003030

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick mixed-use property was built in 1930 and extends across four stories with three three-bedroom apartments, a full basement, a five-car garage, and 10 parking spaces. The building includes 8-foot ceilings, new LED lighting, and 200-amp electrical service. Public water and sewer serve the property, and heating is oil-based. The entire property can be delivered vacant.

The site comprises 0.1383 acres in the Bronx, near Fordham University and positioned between Grand Concourse and Webster Avenue. Surrounding commercial users include Target, Walgreens, Starbucks, Chase Bank, TD Bank, Dunkin’, AutoZone, Burlington, T.J. Maxx, and other national and regional retailers. R7B zoning supports the property’s mixed-use and development-site positioning, subject to applicable regulations.

Key Highlights

• R7B‑zoned mixed‑use property with three three‑bedroom apartments
• Four‑story brick building constructed in 1930
• Five‑car garage plus 10 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$157,490

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,149,800 $3.1M

Cap Rate 7%

$2,249,857 $2.2M

Cap Rate 9%

$1,749,889 $1.7M

Market Conditions

NOI Build-Up for 6,200 SF

Gross rent

$238.1K $38.40/SF

− Vacancy

−$13.1K −$2.11/SF

EGI

$225.0K $36.29/SF

− OpEx

−$67.5K −$10.89/SF

NOI

$157.5K $25.40/SF

Area

Bronx, NY

Vacancy

5.50%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,149,800

Cap Rate 7%

$2,249,857

Cap Rate 9%

$1,749,889

Alternative Uses

Best Use

Multifamily LT 5

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,490 @ 7.0% cap · market cap 6.70%

Second Best

Apartment 5plus

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,623 @ 7.0% cap · market cap 6.07%

Theoretical Best

Warehouse

$4.30M

$3.76M – $5.01M (±1% cap)

NOI $300,731 @ 7.0% cap · market cap 12.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mike's Signs & Awnings ... Business To Business Service

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center HVAC Service Acupuncture Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick property with apartments, garage capacity, surface parking, basement space, and R7B zoning in the Bronx.

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‑zoned mixed‑use property with three three‑bedroom apartments; Four‑story brick building constructed in 1930; Five‑car garage plus 10 parking spaces