Building Details

Building Size 7,124 SF

Year Built 1931

Units 10

Tenancy Multi

Listing Agency: Citi Zone Realty LLC

Listed By: Mario Tsikis CBR Show Phone

Source: Croninreale

Added: Apr 23 Changed: Oct 23 Last Checked: Oct 23 at 3:44PM

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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 Citi Zone Realty LLC

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Investment Insights

Based on property information with market context.

This Bronx mixed-use property combines eight apartments with two stores. The residential mix includes two studio units and six three-bedroom apartments. Built in 1931, the building contains 7,124 square feet and is zoned M1-4R7X.

Recent work includes roof resealing last year, replacement entry doors, and fresh paint in the common areas and doors. A 16-camera security system is also installed. The property faces Tremont Park in the East Tremont area.

Key Highlights

• Eight apartments and two stores
• Apartment mix includes 2 studios and 6 three‑bedroom units
• 7,124 square feet; zoned M1‑4R7X

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$149,963

Cap Rate

9.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,999,260 $3.0M

Cap Rate 7%

$2,142,329 $2.1M

Cap Rate 9%

$1,666,256 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,124 SF

Gross rent

$239.4K $33.60/SF

− Vacancy

−$25.1K −$3.53/SF

EGI

$214.2K $30.07/SF

− OpEx

−$64.3K −$9.02/SF

NOI

$150.0K $21.05/SF

Area

Bronx, NY

Vacancy

10.50%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,999,260

Cap Rate 7%

$2,142,329

Cap Rate 9%

$1,666,256

Alternative Uses

Best Use

Apartment 5plus

$2.34M

$2.05M – $2.73M (±1% cap)

NOI $163,878 @ 7.0% cap · market cap 9.93%

Second Best

Retail

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,963 @ 7.0% cap · market cap 9.09%

Theoretical Best

Warehouse

$4.94M

$4.32M – $5.76M (±1% cap)

NOI $345,550 @ 7.0% cap · market cap 20.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Yaris Auto Sound ... Electronics & Wireless Store International Hair Studio ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Skin Care Clinic HVAC Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

4,647

Businesses Nearby

Explore this area Business Placement

Demographics for 10457, NY

77,488

Population

27,795

Households

2.8

Avg Household Size

33

Median Age

15%

College-Educated

70%

High-School Grad

1.3 sq mi

ZIP Area

59,606

Density / Sq Mi

$44,911

Median Household Income

$30,564

Median Earnings

$1,400

Median Rent

$336,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Eight apartments and two ground-floor stores occupy a maintained building with updated entry doors and resealed roofing.

Where is this mixed-use property located?

The property is located at 4175 3rd Avenue Bronx, NY.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Eight apartments and two stores; Apartment mix includes 2 studios and 6 three‑bedroom units; 7,124 square feet; zoned M1‑4R7X