Studio Residential Income
For Sale
$130,000
5235 POST Road 3H, Bronx, NY 10471
Hardwood flooring and updated kitchen appliances complement an open layout in a maintained residential building.
Property Size368 SF
Price / SF$353.26
Days on Market296
Property Features for 5235 POST Road 3H
General Information
Standard status
Active
Size
368 SF
Property subtype
Apartment
Building Details
Building Size
368 SF
Year Built
1964
Listing Agency:
MYNY Residential
Listed By:
Lucinda Maria Clarke
(718) 614-0859
Source:
Howardhannanyc
Added: Nov 14, 2025
Changed: Aug 27
Last Checked: Sep 5 at 7:08AM
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 MYNY Residential
Investment Insights
Based on property information with market context.
This studio residence features hardwood flooring, recently installed kitchen appliances, and an open arrangement suited to everyday living, working, and entertaining. The property is located in a residential building constructed in 1964, with a maintained lobby and landscaped grounds. Outdoor parking is available subject to a waitlist, and street parking is also an option.
The home is positioned one block from Van Cortlandt Park, with access to trails, sports fields, and open green space. Nearby transportation includes the BXM3 Manhattan Express, BX9 bus, 1 train, and Metro-North Railroad, with Grand Central Terminal approximately 30 minutes away. Manhattan College, grocery stores, shops, and restaurants are also nearby.
The home is positioned one block from Van Cortlandt Park, with access to trails, sports fields, and open green space. Nearby transportation includes the BXM3 Manhattan Express, BX9 bus, 1 train, and Metro-North Railroad, with Grand Central Terminal approximately 30 minutes away. Manhattan College, grocery stores, shops, and restaurants are also nearby.
Key Highlights
- Studio layout with hardwood flooring throughout
- Recently installed kitchen appliances
- Building includes a maintained lobby and landscaped grounds
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
$8,465
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
6.51%
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%
$169,300
$169.3K
Cap Rate 7%
$120,929
$120.9K
Cap Rate 9%
$94,056
$94.1K
Market Conditions
NOI Build-Up for 368 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
$16.3K $44.40/SF
− Vacancy
−$948 −$2.58/SF
EGI
$15.4K $41.82/SF
− OpEx
−$6.9K −$18.82/SF
NOI
$8.5K $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%
$169,300
Cap Rate 7%
$120,929
Cap Rate 9%
$94,056
Alternative Uses
Best Use
Apartment 5plus
$120.9K
$105.8K – $141.1K
NOI $8,465 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$255.0K
$223.1K – $297.5K
NOI $17,850 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Hardwood flooring and updated kitchen appliances complement an open layout in a maintained residential building.
Where is this residential income property located?
The property is located at 5235 POST Road 3H Bronx, NY.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Studio layout with hardwood flooring throughout; Recently installed kitchen appliances; Building includes a maintained lobby and landscaped grounds
