Residential Property in The
For Sale
$199,000
Pending
5640 Netherland Ave 5D The, Bronx, NY 10471
Apartment building for sale in The Bronx, New York.
Property Size670 SF
Days on Market313
Property Features for 5640 Netherland Ave 5D The
General Information
Standard status
Pending
Size
670 SF
Property subtype
Residential
Building Details
Building Size
670 SF
Year Built
1949
Listed By:
Jennifer A. Breu
(917) 309-1958
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 2:40PM
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 Jennifer A. Breu
Investment Insights
Based on property information with market context.
Located in The Bronx, New York, this residential property is an apartment building. The property is suitable for multifamily and residential income purposes.
Key Highlights
- Year Built: 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,412
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,240
$308.2K
Cap Rate 7%
$220,171
$220.2K
Cap Rate 9%
$171,244
$171.2K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$29.7K $44.40/SF
− Vacancy
−$1.7K −$2.58/SF
EGI
$28.0K $41.82/SF
− OpEx
−$12.6K −$18.82/SF
NOI
$15.4K $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%
$308,240
Cap Rate 7%
$220,171
Cap Rate 9%
$171,244
Alternative Uses
Best Use
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,412 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$464.3K
$406.2K – $541.6K
NOI $32,498 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
961
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
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 - Apartment building for sale in The Bronx, New York.
Where is this apartment building located?
The property is located at 5640 Netherland Ave 5D The Bronx, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Year Built: 1949
