Two Bedroom Co-op in
For Sale
$245,000
4 Fordham Hill Oval 8G The, Bronx, NY 10468
Spacious 2-bedroom co-op in gated community with amenities.
Property Size935 SF
Days on Market284
Property Features for 4 Fordham Hill Oval 8G The
General Information
Standard status
Active
Size
935 SF
Property subtype
Residential
Building Details
Building Size
935 SF
Year Built
1950
Listing Agency:
Apex Realty
Listed By:
Jose R. Ortiz
(646) 234-6608
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 31
Last Checked: Sep 7 at 7:21AM
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 Apex Realty
Investment Insights
Based on property information with market context.
Located at 4 Fordham Hill Oval, unit 8G, this two-bedroom co-op offers views of the city. The property is situated within a gated community that provides 24-hour security. Community highlights include playgrounds, a fitness center, a storage area, and laundry facilities. The location offers convenient commuting options, with proximity to the Major Deegan Expressway and various forms of transportation, including buses and trains. The surrounding area features shopping and dining options.
Key Highlights
- City views from a spacious 2‑bedroom apartment
- Located in a gated community with 24‑hour security
- Convenient access to transportation (buses and trains) and the Major Deegan Expressway
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
$21,508
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
8.78%
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%
$430,160
$430.2K
Cap Rate 7%
$307,257
$307.3K
Cap Rate 9%
$238,978
$239.0K
Market Conditions
NOI Build-Up for 935 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
$41.5K $44.40/SF
− Vacancy
−$2.4K −$2.58/SF
EGI
$39.1K $41.82/SF
− OpEx
−$17.6K −$18.82/SF
NOI
$21.5K $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%
$430,160
Cap Rate 7%
$307,257
Cap Rate 9%
$238,978
Alternative Uses
Best Use
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,508 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$647.9K
$566.9K – $755.9K
NOI $45,352 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Spacious 2-bedroom co-op in gated community with amenities.
Where is this apartment building located?
The property is located at 4 Fordham Hill Oval 8G The Bronx, NY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: City views from a spacious 2‑bedroom apartment; Located in a gated community with 24‑hour security; Convenient access to transportation (buses and trains) and the Major Deegan Expressway
