Renovated Residential Income
3701 HENRY HUDSON Parkway 3B, Bronx, NY 10463
For Sale
$480,000
Three-bedroom layout with a private terrace, updated kitchen, and flexible den space.
Property Size1,370 SF
Price / SF$350.36
Days on Market86
Property Features for 3701 HENRY HUDSON Parkway 3B
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Julie Gaynor
(212) 317-7850
Source:
Howardhannanyc
Added: Aug 13
Changed: Nov 5
Last Checked: Nov 6 at 3:59PM
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 Residential Sales LLC
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Investment Insights
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This 1,370-square-foot co-op residence at The Georgian features two bedrooms plus a den that can function as a third bedroom, home office, or additional living area. The primary bedroom includes an en-suite bathroom, while the living and dining room offers blonde hardwood floors, high ceilings, recessed lighting, and three oversized windows. A private terrace adds outdoor space, and the renovated kitchen includes sleek cabinetry, white quartz countertops, modern appliances, and extensive storage. Both full bathrooms have contemporary fixtures and marble-inspired tile.
Built in 1954, the building includes a live-in superintendent, part-time doorman, laundry facilities, children's playroom, gym, and a parking garage with a waitlist. The property is near Seton Park, Riverdale Park, the Hudson River, local shops and restaurants, and the Riverdale Y Sunday Market. Transit options include the 1 train, Metro-North Hudson Line, and multiple bus routes.
Built in 1954, the building includes a live-in superintendent, part-time doorman, laundry facilities, children's playroom, gym, and a parking garage with a waitlist. The property is near Seton Park, Riverdale Park, the Hudson River, local shops and restaurants, and the Riverdale Y Sunday Market. Transit options include the 1 train, Metro-North Hudson Line, and multiple bus routes.
Key Highlights
- 1,370‑square‑foot co‑op residence at The Georgian
- Two bedrooms plus a den adaptable as a third bedroom or home office
- Private terrace extends the living area outdoors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,515
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,300
$630.3K
Cap Rate 7%
$450,214
$450.2K
Cap Rate 9%
$350,167
$350.2K
Market Conditions
NOI Build-Up for 1,370 SF
Gross rent
$60.8K $44.40/SF
− Vacancy
−$3.5K −$2.58/SF
EGI
$57.3K $41.82/SF
− OpEx
−$25.8K −$18.82/SF
NOI
$31.5K $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%
$630,300
Cap Rate 7%
$450,214
Cap Rate 9%
$350,167
Alternative Uses
Best Use
Apartment 5plus
$450.2K
$393.9K – $525.3K
NOI $31,515 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$949.3K
$830.7K – $1.11M
NOI $66,452 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
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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
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom layout with a private terrace, updated kitchen, and flexible den space.
Where is this residential income property located?
The property is located at 3701 HENRY HUDSON Parkway 3B Bronx, NY.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 1,370‑square‑foot co‑op residence at The Georgian; Two bedrooms plus a den adaptable as a third bedroom or home office; Private terrace extends the living area outdoors
