Mixed-Use Building on White
For Sale
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3939 White Plains Road, New York City, NY 10466
Mixed-use building with retail and residential units in the Bronx.
Property Size4,125 SF
Price / SF$363.64
Days on Market128
Property Features for 3939 White Plains Road
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Mixed Use
Building Details
Year Built
1901
Listing Agency:
Tri State Commercial
(718) 437-6100
Listed By:
Shlomi Bagdadi · License #NY 10311204539
Source:
Crexi
Added: Mar 27
Changed: Jul 10
Last Checked: Jul 30 at 3:22PM
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 Tri State Commercial
Investment Insights
Based on property information with market context.
Located in the Wakefield section of the Bronx, 3939 White Plains Road is a mixed-use building offering a ground-floor retail store and four residential apartments above. The building has approximately 4,125 square feet and includes a finished basement. The property is located on White Plains Road, a commercial corridor with foot and vehicular traffic. The location benefits from a dense residential population and proximity to multiple bus lines and the 2 and 5 subway lines. Nearby tenants include Domino's Pizza, Subway, Metro by T-Mobile, Little Caesars Pizza, Foot Locker, Papa John's Pizza, New Rainbow Chinese Restaurant, VIM, Vital Care Pharmacy, and Equality Charter Elementary School. The property is located between E 223rd St & E 224th St, near the 225th St subway station. Nearby transit options include the 2 & 5 trains at 225th St and the Bx39, Bx8, BxM11, Bx31, & the 0042-42 bus lines. The property is suited for investors seeking stable income and long-term cash flow.
Key Highlights
- Mixed‑use building: ground‑floor retail and four residential apartments provide diversified income.
- High‑visibility location on White Plains Road ensures strong foot and vehicular traffic.
- Finished basement adds functional value and flexibility.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.5k | $60.00 |
| − Vacancy | −$37.1k | −$9.00 |
| EGI | $210.4k | $51.00 |
| − OpEx | −$78.9k | −$19.13 |
| NOI | $131.5k | $31.88 |
4,125 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$8.29M
$7.26M – $9.67M
NOI $580,489 @ 7.0% cap · market cap 38.70%
Second Best
Mixed Use
$1.88M
$1.64M – $2.19M
NOI $131,484 @ 7.0% cap · market cap 8.77%
Theoretical Best
Specialty Retail
$10.27M
$8.98M – $11.98M
NOI $718,740 @ 7.0% cap · market cap 47.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,769
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Bronx County
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential units in the Bronx.
Where is this mixed-use property located?
The property is located at 3939 White Plains Road New York City, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use building: ground‑floor retail and four residential apartments provide diversified income.; High‑visibility location on White Plains Road ensures strong foot and vehicular traffic.; Finished basement adds functional value and flexibility.
