Corner Apartment Unit with
For Sale
$395,000
5500 Fieldston Road 4-EE, Bronx, NY 10471
Renovated three-bedroom residence with park views, two bathrooms, and access to cooperative building amenities.
Property Size1,250 SF
Price / SF$316
Days on Market142
Property Features for 5500 Fieldston Road 4-EE
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
private terrace
live-in super
laundry room
storage room
bike room
community room
pet-friendly
park-like grounds
outdoor seating
parking garage
Building Details
Building Size
1,250 SF
Year Built
1950
Listing Agency:
R New York
Listed By:
Loretta Lorden
(917) 865-7486
Source:
Howardhannanyc
Added: Apr 17
Changed: Aug 24
Last Checked: Sep 5 at 4:58AM
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 R New York
Investment Insights
Based on property information with market context.
This 1,250-square-foot corner apartment in a 1950 cooperative building has three bedrooms, two bathrooms, and a private terrace. Eastern and southern exposures bring natural light into the residence, while views extend toward Van Cortlandt Park and Westchester. The interior includes parquet hardwood floors, a separate dining area, and a renovated galley kitchen with granite countertops, stainless steel appliances, and substantial workspace. The primary bedroom features a California Closet system, and the unit includes generous closet storage throughout.
Fieldston Cooperative amenities include a live-in superintendent, laundry room, storage and bike rooms, community room, outdoor seating, and park-like grounds. Gas and electric are included in maintenance, and the building permits pets. Garage parking is available by waitlist, with on-street parking offered without alternate-side restrictions. Van Cortlandt Park is a 5-minute walk or bike ride away, while nearby transportation includes Metro-North, express and local Bronx buses, trains, and highways. Riverdale shops, cafes, dining, and the Riverdale Y are also within walking distance.
Fieldston Cooperative amenities include a live-in superintendent, laundry room, storage and bike rooms, community room, outdoor seating, and park-like grounds. Gas and electric are included in maintenance, and the building permits pets. Garage parking is available by waitlist, with on-street parking offered without alternate-side restrictions. Van Cortlandt Park is a 5-minute walk or bike ride away, while nearby transportation includes Metro-North, express and local Bronx buses, trains, and highways. Riverdale shops, cafes, dining, and the Riverdale Y are also within walking distance.
Key Highlights
- 1,250 SF corner apartment with a private terrace
- Three bedrooms and two bathrooms with eastern and southern exposures
- Views toward Van Cortlandt Park and Westchester
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
$28,755
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
7.28%
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%
$575,100
$575.1K
Cap Rate 7%
$410,786
$410.8K
Cap Rate 9%
$319,500
$319.5K
Market Conditions
NOI Build-Up for 1,250 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
$55.5K $44.40/SF
− Vacancy
−$3.2K −$2.58/SF
EGI
$52.3K $41.82/SF
− OpEx
−$23.5K −$18.82/SF
NOI
$28.8K $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%
$575,100
Cap Rate 7%
$410,786
Cap Rate 9%
$319,500
Alternative Uses
Best Use
Apartment 5plus
$410.8K
$359.4K – $479.3K
NOI $28,755 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$866.2K
$757.9K – $1.01M
NOI $60,631 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,018
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 - Renovated three-bedroom residence with park views, two bathrooms, and access to cooperative building amenities.
Where is this residential income property located?
The property is located at 5500 Fieldston Road 4-EE Bronx, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,250 SF corner apartment with a private terrace; Three bedrooms and two bathrooms with eastern and southern exposures; Views toward Van Cortlandt Park and Westchester
