Three-Bedroom Residential Income
For Sale
$819,000
3935 BLACKSTONE Avenue 8B, Bronx, NY 10471
Corner cooperative apartment with renovated baths, private balcony, wooded views, and full-service building amenities.
Property Size1,500 SF
Price / SF$546
Days on Market10
Property Features for 3935 BLACKSTONE Avenue 8B
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
HOA Fee
$2,539
Amenities
24-hour doorman
full-time resident manager
porter staff
fitness room
common laundry room
storage
bicycle storage
playground
landscaped garden
private balcony
Building Details
Building Size
1,500 SF
Year Built
1960
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Nanette Gran
(718) 878-1703
Source:
Howardhannanyc
Added: Sep 22
Changed: Sep 29
Last Checked: Oct 1 at 5:53PM
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 Riverdale LLC
Investment Insights
Based on property information with market context.
This 1,500-square-foot corner cooperative apartment at 3935 BLACKSTONE Avenue 8B includes three bedrooms, two full bathrooms, a private balcony, and west and north exposures. The interior has a foyer, dining L, renovated kitchen, updated bathrooms, parquet floors, new paneled doors, electrical improvements, extensive closet space, and a primary suite with a walk-in closet, dressing area, custom built-ins, and en-suite bath. Wooded and Palisades views are complemented by seasonal Hudson River views.
The Woodlands is a full-service cooperative building constructed in 1960 with a 24-hour doorman, resident manager, porter staff, fitness room, common laundry, storage, bicycle storage, playground, and landscaped resident garden. Indoor and outdoor parking are subject to availability. A Hudson Rail Link shuttle stops outside the building, with express buses to Manhattan and local service connecting to the No. 1 and A subway lines nearby. The property also offers access to the Henry Hudson Parkway and New York State Thruway, plus proximity to Riverdale shops, restaurants, and neighborhood amenities. Pets are welcome.
The Woodlands is a full-service cooperative building constructed in 1960 with a 24-hour doorman, resident manager, porter staff, fitness room, common laundry, storage, bicycle storage, playground, and landscaped resident garden. Indoor and outdoor parking are subject to availability. A Hudson Rail Link shuttle stops outside the building, with express buses to Manhattan and local service connecting to the No. 1 and A subway lines nearby. The property also offers access to the Henry Hudson Parkway and New York State Thruway, plus proximity to Riverdale shops, restaurants, and neighborhood amenities. Pets are welcome.
Key Highlights
- 1,500‑square‑foot corner cooperative apartment with three bedrooms and two full bathrooms
- Private balcony with wooded and Palisades views, plus seasonal Hudson River views
- Renovated kitchen and both full bathrooms
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
$34,505
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
4.21%
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%
$690,100
$690.1K
Cap Rate 7%
$492,929
$492.9K
Cap Rate 9%
$383,389
$383.4K
Market Conditions
NOI Build-Up for 1,500 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
$66.6K $44.40/SF
− Vacancy
−$3.9K −$2.58/SF
EGI
$62.7K $41.82/SF
− OpEx
−$28.2K −$18.82/SF
NOI
$34.5K $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 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%
$690,100
Cap Rate 7%
$492,929
Cap Rate 9%
$383,389
Alternative Uses
Best Use
Apartment 5plus
$492.9K
$431.3K – $575.1K
NOI $34,505 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.04M
$909.5K – $1.21M
NOI $72,758 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner cooperative apartment with renovated baths, private balcony, wooded views, and full-service building amenities.
Where is this residential income property located?
The property is located at 3935 BLACKSTONE Avenue 8B Bronx, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: 1,500‑square‑foot corner cooperative apartment with three bedrooms and two full bathrooms; Private balcony with wooded and Palisades views, plus seasonal Hudson River views; Renovated kitchen and both full bathrooms
