Detached Brick Mixed-Use
4279 KATONAH AVE Bronx, NY 10470
4279 KATONAH AVE, Bronx, NY, 10470
$975,000
For Sale
$975,000
Detached brick mixed-use building with street-level bar tenancy and three 1-bedroom plus one 2-bedroom apartment units.
Property Size4,080 SF
Price / SF$238.97
Days on Market206
Property Features for 4279 KATONAH AVE
General Information
- Standard status
- Active
- Size
- 4,080 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing agency
(843) 283-6188
Listed by
Colite Real Estate
(843) 283-6188
Source
Xome
Added: Dec 27, 2025 Updated: Jul 20 at 10:10PM Checked: Jul 21 at 3:01AM
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 Colite Real Estate
Investment Insights
Based on property information with market context.
Detached brick mixed-use building offering approximately 4,080 square feet of mixed-use space. The main floor is currently occupied by a commercial bar tenant, and the bar is not included in the sale. The building’s second and third floors include three 1-bedroom apartments and one 2-bedroom unit. All apartments are described as having no leases, with each unit paying its own electric and gas.
The property has undergone upgrades over the years, including a ductless split unit system, a new gas boiler, and new electric service. The current bar lease is described as expiring in about seven years.
The building is represented as being centrally located near Metro-North service, buses, shopping centers, and parks. The sale is also described as requiring the property to be sold with all tenants in place, with no exceptions.
The property has undergone upgrades over the years, including a ductless split unit system, a new gas boiler, and new electric service. The current bar lease is described as expiring in about seven years.
The building is represented as being centrally located near Metro-North service, buses, shopping centers, and parks. The sale is also described as requiring the property to be sold with all tenants in place, with no exceptions.
Key Highlights
- Detached brick mixed‑use building built in 1930 with over 4,000 sq ft of combined commercial and residential space
- Street‑level commercial bar tenant: main floor commercial space; current bar lease expires in 7 years (bar owner not included in sale)
- Residential unit mix: three 1‑bedroom apartments and one 2‑bedroom unit
Local 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 | $146.9k | $36.00 |
| − Vacancy | −$16.2k | −$3.96 |
| EGI | $130.7k | $32.04 |
| − OpEx | −$49.0k | −$12.02 |
| NOI | $81.7k | $20.03 |
4,080 SF · lease $36.00/SF/yr · vacancy 11.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,639 @ 7.0% cap · market cap 10.63%
Second Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,695 @ 7.0% cap · market cap 10.23%
Theoretical Best
Warehouse
$2.83M
$2.47M – $3.30M
NOI $197,901 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ATM Machine at Just ...
Atm
Just One Tavern
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Detached brick mixed-use building with street-level bar tenancy and three 1-bedroom plus one 2-bedroom apartment units.
Where is this mixed-use property located?
The property is located at 4279 KATONAH AVE Bronx, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Detached brick mixed‑use building built in 1930 with over 4,000 sq ft of combined commercial and residential space; Street‑level commercial bar tenant: main floor commercial space; current bar lease expires in 7 years (bar owner not included in sale); Residential unit mix: three 1‑bedroom apartments and one 2‑bedroom unit
