Residential Income Property with Bonus
New
For Sale
$375,000
3725 Henry Hudson Parkway W 2H, Bronx, NY 10463
The cooperative residence has two bedrooms, an eat-in kitchen and access to full-service building amenities.
Property Size1,096 SF
Price / SF$342.15
Days on Market4
Property Features for 3725 Henry Hudson Parkway W 2H
General Information
Standard status
Active
Size
1,096 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
doorman
live-in superintendent
central laundry
private storage
bike storage
indoor garage parking
basketball court
pickleball court
outdoor seating
Building Details
Building Size
1,096 SF
Year Built
1952
Listing Agency:
Compass
Listed By:
Geoffrey Evan Weiss · License #10301223128
(954) 816-7333
Source:
Carlinwright
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:31PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,096-square-foot cooperative residence has two bedrooms, one full bath, a half bath and a bonus room. The living room connects to the bonus room through windowed pocket doors. An eat-in kitchen has granite counters, stainless steel appliances and a dishwasher; hardwood floors and storage are also included. The primary bedroom has an en-suite half bath, while the second bedroom has two windows.
The Blackstone is a cooperative building with a doorman from 7:30 AM to 1:30 AM, a live-in superintendent, central laundry, private storage and bike options. Indoor garage parking is subject to availability. Outdoor grounds include basketball and pickleball courts and private seating areas. Riverdale and Johnson Avenues are steps away, with express bus stops a block from the property and nearby Metro-North stations and major roadways.
The Blackstone is a cooperative building with a doorman from 7:30 AM to 1:30 AM, a live-in superintendent, central laundry, private storage and bike options. Indoor garage parking is subject to availability. Outdoor grounds include basketball and pickleball courts and private seating areas. Riverdale and Johnson Avenues are steps away, with express bus stops a block from the property and nearby Metro-North stations and major roadways.
Key Highlights
- 1,096‑square‑foot cooperative residence with two bedrooms, one full bath and a half bath
- Bonus room accessed from the living room through windowed pocket doors
- Eat‑in kitchen with granite counters, stainless steel appliances and dishwasher
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
$25,212
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
6.72%
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%
$504,240
$504.2K
Cap Rate 7%
$360,171
$360.2K
Cap Rate 9%
$280,133
$280.1K
Market Conditions
NOI Build-Up for 1,096 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
$48.7K $44.40/SF
− Vacancy
−$2.8K −$2.58/SF
EGI
$45.8K $41.82/SF
− OpEx
−$20.6K −$18.82/SF
NOI
$25.2K $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%
$504,240
Cap Rate 7%
$360,171
Cap Rate 9%
$280,133
Alternative Uses
Best Use
Apartment 5plus
$360.2K
$315.2K – $420.2K
NOI $25,212 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$759.5K
$664.5K – $886.0K
NOI $53,162 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - The cooperative residence has two bedrooms, an eat-in kitchen and access to full-service building amenities.
Where is this residential income property located?
The property is located at 3725 Henry Hudson Parkway W 2H Bronx, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,096‑square‑foot cooperative residence with two bedrooms, one full bath and a half bath; Bonus room accessed from the living room through windowed pocket doors; Eat‑in kitchen with granite counters, stainless steel appliances and dishwasher
