Top-Floor 2-Bedroom Residential Income
For Sale
$260,000
5645 NETHERLAND Avenue 6A, Bronx, NY 10471
Renovated corner co-op with garden outlooks, bright interiors, and access to community amenities and nearby transportation.
Property Size1,000 SF
Price / SF$260
Days on Market70
Property Features for 5645 NETHERLAND Avenue 6A
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Financials
Asking Price
$260,000
HOA Fee
$1,370
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
landscaped grounds
private security
on-site laundry
storage
parking
children's playground
community room
Building Details
Building Size
1,000 SF
Year Built
1951
Listing Agency:
Brown Harris Stevens Riverdale LLC
Listed By:
Sandhya N Tidke
(212) 381-2485
Source:
Howardhannanyc
Added: Jul 29
Changed: Sep 30
Last Checked: Oct 6 at 12:20AM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This top-floor corner co-op offers a two-bedroom, one-bath layout within the Netherland Gardens community. The residence has been renovated and features multiple exposures, spacious rooms, abundant natural light, and views over landscaped gardens. The property was built in 1951 and includes access to the community’s maintained grounds, private security, on-site laundry, storage subject to availability, parking for a fee subject to availability, a children’s playground, and a community room.
The home is directly across from the YMCA and near Wave Hill, with its public gardens, walking trails, and Hudson River views. Local and express buses and Metro-North Railroad provide transportation options, including an approximately 25-minute ride to Grand Central Terminal. Schools, shopping, restaurants, and parks are also nearby. Cats are permitted, while dogs are not.
The home is directly across from the YMCA and near Wave Hill, with its public gardens, walking trails, and Hudson River views. Local and express buses and Metro-North Railroad provide transportation options, including an approximately 25-minute ride to Grand Central Terminal. Schools, shopping, restaurants, and parks are also nearby. Cats are permitted, while dogs are not.
Key Highlights
- Top‑floor corner co‑op with two bedrooms and one bath
- Renovated interior with multiple exposures and landscaped garden views
- Netherland Gardens community built in 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,004
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$44.4K $44.40/SF
− Vacancy
−$2.6K −$2.58/SF
EGI
$41.8K $41.82/SF
− OpEx
−$18.8K −$18.82/SF
NOI
$23.0K $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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Apartment 5plus
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$692.9K
$606.3K – $808.4K
NOI $48,505 @ 7.0% cap · market cap 18.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,089
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 corner co-op with garden outlooks, bright interiors, and access to community amenities and nearby transportation.
Where is this residential income property located?
The property is located at 5645 NETHERLAND Avenue 6A Bronx, NY.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Top‑floor corner co‑op with two bedrooms and one bath; Renovated interior with multiple exposures and landscaped garden views; Netherland Gardens community built in 1951
