Prewar Residential Income
For Sale
$599,000
525 W 238TH Street 3A, Bronx, NY 10463
Three-bedroom cooperative residence with a fireplace, private garden access, and extensive original architectural details.
Property Size1,500 SF
Days on Market22
Property Features for 525 W 238TH Street 3A
General Information
Standard status
Active
Size
1,500 SF
Elevators
No
Property subtype
Apartment
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Amenities
fireplace
built-in bookshelves
oak parquet floors
prewar fixtures
chair rails
picture rails
preserved moldings
farmer's sink
water filter
custom cabinetry
pantry
dumbwaiter
washer/dryer
closets
ceiling fans
bike room
courtyard
keyed private garden
live-in superintendent
full-time porter
professionally cared for grounds
Building Details
Building Size
1,500 SF
Year Built
1926
Stories
4
Construction
Tudor-style
Listing Agency:
Corcoran Group
Listed By:
Adam Schneider · License #10401323555 (NY)
(914) 374-9092
Source:
Howardhannanyc
Added: Sep 15
Changed: Oct 6
Last Checked: Oct 5 at 11:35PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This prewar cooperative residence spans more than 1,500 square feet and presents a house-like layout with one shared wall and three exposures. The interior features nine-foot ceilings, oak parquet floors, preserved moldings, chair and picture rails, and a working brick fireplace with built-in bookshelves. South-facing windows brighten the living and formal dining rooms, while the kitchen includes a porcelain farmhouse sink, water filter, custom cabinetry, pantry storage, and a working dumbwaiter. A private staff room with a full bathroom and in-unit washer and vented dryer adds flexibility. The apartment includes a primary bedroom and two additional bedrooms, along with five large closets.
Fieldston Gardens is a four-story, 70-unit Tudor-style cooperative built in 1926. The building has no elevators, and maintenance includes heat, water, and gas. Recent property work includes a comprehensive facade renovation nearing completion, along with updated roof and windows. Residents have access to a landscaped courtyard, a keyed private garden on 238th Street, a bike room, and on-site service from a live-in superintendent and full-time porter.
Fieldston Gardens is a four-story, 70-unit Tudor-style cooperative built in 1926. The building has no elevators, and maintenance includes heat, water, and gas. Recent property work includes a comprehensive facade renovation nearing completion, along with updated roof and windows. Residents have access to a landscaped courtyard, a keyed private garden on 238th Street, a bike room, and on-site service from a live-in superintendent and full-time porter.
Key Highlights
- More than 1,500 square feet with three exposures and one shared wall
- Working brick fireplace with built‑in bookshelves and nine‑foot ceilings
- Three bedrooms, five large closets, and private staff quarters with full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,505
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,100
$690.1K
Cap Rate 7%
$492,929
$492.9K
Cap Rate 9%
$383,389
$383.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$66.6K $44.40/SF
− Vacancy
−$3.9K −$2.58/SF
EGI
$62.7K $41.82/SF
− OpEx
−$28.2K −$18.82/SF
NOI
$34.5K $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 Rate 5%
$690,100
Cap Rate 7%
$492,929
Cap Rate 9%
$383,389
Alternative Uses
Best Use
Apartment 5plus
$492.9K
$431.3K – $575.1K
NOI $34,505 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.04M
$909.5K – $1.21M
NOI $72,758 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,467
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom cooperative residence with a fireplace, private garden access, and extensive original architectural details.
Where is this residential income property located?
The property is located at 525 W 238TH Street 3A Bronx, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: More than 1,500 square feet with three exposures and one shared wall; Working brick fireplace with built‑in bookshelves and nine‑foot ceilings; Three bedrooms, five large closets, and private staff quarters with full bathroom
