Bronx Multifamily Investment
For Sale
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501 East 234th Street, Bronx, NY 10470
43-unit rent-stabilized building in Woodlawn Heights neighborhood.
Property Size43,000 SF
Price / SF$174.42
Days on Market100
Property Features for 501 East 234th Street
General Information
Standard status
Active
Size
43,000 SF
Class
B
Property subtype
Multifamily
Zoning
R7-1
Occupancy
97%
Investment Type
Stabilized
Net Operating Income
$402,399
Building Details
Year Built
1928
Buildings
1
Stories
5
Units
43
Tenancy
Multi
Listing Agency:
Lafayette Realty Partners
Listed By:
Francis Caamano · License #10351206879
Source:
Crexi
Added: May 9
Changed: Aug 10
Last Checked: Aug 13 at 4:25AM
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 Lafayette Realty Partners
Investment Insights
Based on property information with market context.
Located in the Woodlawn Heights neighborhood of the Bronx, 501 East 234th Street is a 43-unit rent-stabilized multifamily building. The property is 97.7% occupied, with one immediately leasable vacancy. The unit mix consists of 32 one-bedroom apartments, averaging $1,298 per month, and 11 two-bedroom apartments, averaging $1,638 per month. The building generates $701,351 in effective gross income. The location provides approximately 30-minute access to Midtown Manhattan and is near Metro-North (Woodlawn Station), the #4 subway, and Van Cortlandt Park. The property is suited for a 1031 exchange buyer, family office, or private investor seeking stable Bronx cash flow.
Key Highlights
- 5.37% cap rate on $402,399 NOI (excluding property tax) at the asking price.
- Significant mark‑to‑market upside potential within the rent‑stabilization framework.
- Discounted cash flow analysis indicates approximately 45% upside to the asking price.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
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 - 43-unit rent-stabilized building in Woodlawn Heights neighborhood.
Where is this apartment building located?
The property is located at 501 East 234th Street Bronx, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 5.37% cap rate on $402,399 NOI (excluding property tax) at the asking price.; Significant mark‑to‑market upside potential within the rent‑stabilization framework.; Discounted cash flow analysis indicates approximately 45% upside to the asking price.
