Residential Income Property with
New
For Sale
$649,000
460 W 236th Street 3B, Bronx, NY 10463
Corner residence in a boutique building with a private terrace, open kitchen, central HVAC, and extensive resident amenities.
Property Size1,038 SF
Price / SF$625.24
Days on Market5
Property Features for 460 W 236th Street 3B
General Information
Standard status
Active
Size
1,038 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$36,651
Amenities
rooftop deck
fitness center
live-in super
virtual doorman
playroom
package room
elevator
parking
in-unit washer/dryer
central heat and A/C
Building Details
Building Size
1,038 SF
Year Built
2005
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Carlinwright
Added: Sep 4
Changed: Sep 8
Last Checked: Sep 8 at 4:22AM
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 Bizzarro Agency LLC
Investment Insights
Based on property information with market context.
This corner residential income property is configured as a two-bedroom, two-bath residence with a private terrace and wraparound windows. The interior includes hardwood flooring, a foyer, open living and dining areas, crown molding, wainscoting, and a kitchen equipped with quartz countertops, stainless steel appliances, ceramic tile backsplash, and a dining bar. The primary suite includes an ensuite bath with radiant-heated floor tiles and a frameless rain shower. A stacked washer and dryer and central heat and A/C add everyday convenience.
Built in 2005, the boutique building contains 53 residences and offers a rooftop deck with gas grills, a fitness center, playroom, package room, elevator, parking, live-in superintendent, and virtual doorman. The pet-friendly property is near shops, cafes, parks, restaurants, independent retailers, Ewen Park Dog Run, Metro-North, and the #1 train.
Built in 2005, the boutique building contains 53 residences and offers a rooftop deck with gas grills, a fitness center, playroom, package room, elevator, parking, live-in superintendent, and virtual doorman. The pet-friendly property is near shops, cafes, parks, restaurants, independent retailers, Ewen Park Dog Run, Metro-North, and the #1 train.
Key Highlights
- Private terrace attached to a corner two‑bedroom, two‑bath residence
- Boutique building with 53 residences, elevator, parking, and virtual doorman
- Kitchen features quartz counters, stainless steel appliances, tile backsplash, and dining bar
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
$23,878
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
3.68%
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%
$477,560
$477.6K
Cap Rate 7%
$341,114
$341.1K
Cap Rate 9%
$265,311
$265.3K
Market Conditions
NOI Build-Up for 1,038 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
$46.1K $44.40/SF
− Vacancy
−$2.7K −$2.58/SF
EGI
$43.4K $41.82/SF
− OpEx
−$19.5K −$18.82/SF
NOI
$23.9K $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%
$477,560
Cap Rate 7%
$341,114
Cap Rate 9%
$265,311
Alternative Uses
Best Use
Apartment 5plus
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$719.3K
$629.4K – $839.1K
NOI $50,348 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
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 residence in a boutique building with a private terrace, open kitchen, central HVAC, and extensive resident amenities.
Where is this residential income property located?
The property is located at 460 W 236th Street 3B Bronx, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Private terrace attached to a corner two‑bedroom, two‑bath residence; Boutique building with 53 residences, elevator, parking, and virtual doorman; Kitchen features quartz counters, stainless steel appliances, tile backsplash, and dining bar
