Spacious Apartment with Deeded
For Sale
$265,000
609 Kappock St 3F The, Bronx, NY 10463
Two-bedroom apartment in Riverdale with parking and amenities.
Property Size925 SF
Days on Market314
Property Features for 609 Kappock St 3F The
General Information
Standard status
Active
Size
925 SF
Property subtype
Residential
Building Details
Building Size
925 SF
Year Built
1962
Listed By:
Jean Lipman
(914) 843-2329
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 6
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 Jean Lipman
Investment Insights
Based on property information with market context.
Located in the Spuyten Duyvil neighborhood of Riverdale, this freshly-painted apartment features two bedrooms and an eat-in kitchen. The unit includes a deeded parking spot. The building is located across from Knoll's Crescent Shopping Center. Building amenities include an in-ground pool, playground, private garden with BBQ area, and a live-in super. Transportation options include proximity to bus, subway, and train lines.
Key Highlights
- Deeded parking spot included.
- Convenient location across from Knoll's Crescent Shopping Center.
- Enjoy the in‑ground pool.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,278
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,560
$425.6K
Cap Rate 7%
$303,971
$304.0K
Cap Rate 9%
$236,422
$236.4K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$41.1K $44.40/SF
− Vacancy
−$2.4K −$2.58/SF
EGI
$38.7K $41.82/SF
− OpEx
−$17.4K −$18.82/SF
NOI
$21.3K $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%
$425,560
Cap Rate 7%
$303,971
Cap Rate 9%
$236,422
Alternative Uses
Best Use
Apartment 5plus
$304.0K
$266.0K – $354.6K
NOI $21,278 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$641.0K
$560.8K – $747.8K
NOI $44,867 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,301
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
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 - Two-bedroom apartment in Riverdale with parking and amenities.
Where is this apartment building located?
The property is located at 609 Kappock St 3F The Bronx, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Deeded parking spot included.; Convenient location across from Knoll's Crescent Shopping Center.; Enjoy the in‑ground pool.
