Four-Story Mixed-Use
New
For Sale
$1,500,000
616 E 168th Street, Bronx, NY 10456
The building combines three residential apartments with a ground-level commercial space.
Property Size2,460 SF
Lot Size0.12 Acres
Days on Market2
Property Features for 616 E 168th Street
General Information
Standard status
Active
Size
2,460 SF
Lot size
0.12 Acres
Property subtype
Mixed Use
Zoning
R6
Additional Details
Mixed-Use Components
retail, residential
Land Use
mixed-use
Taxes and HOA fees
Annual Taxes
$5,682
Building Details
Building Size
2,460 SF
Year Built
1915
Buildings
1
Stories
4
Tenancy
Single
Listing Agency:
BERKSHIRE HATHAWAY
Listed By:
Boris Isakharov
(646) 474-6489
Source:
Serhant
Added: Oct 23
Last Checked: Oct 23 at 4:30AM
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 BERKSHIRE HATHAWAY
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Investment Insights
Based on property information with market context.
This four-story mixed-use property contains three residential units with a combined eight bedrooms and three full bathrooms. A separate full bathroom serves the ground-floor storefront. The storefront and units on the first and second floors are vacant. Built in 1915, the property occupies a 26-by-196-foot lot and carries R6 zoning, with approximately 13,000 potential buildable square feet noted.
The property is at 616 E 168th St in the Bronx. Its reported Walk Score is 82, Bike Score is 76, and Transit Score is 100.
The property is at 616 E 168th St in the Bronx. Its reported Walk Score is 82, Bike Score is 76, and Transit Score is 100.
Key Highlights
- Three residential units with 8 bedrooms and 3 full bathrooms
- Ground‑floor storefront with an additional full bathroom
- Storefront and first- and second‑floor units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,810
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,200
$1.3M
Cap Rate 7%
$911,571
$911.6K
Cap Rate 9%
$709,000
$709.0K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$94.5K $38.40/SF
− Vacancy
−$3.3K −$1.34/SF
EGI
$91.2K $37.06/SF
− OpEx
−$27.3K −$11.12/SF
NOI
$63.8K $25.94/SF
Area
ZIP 10456
Vacancy
3.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,200
Cap Rate 7%
$911,571
Cap Rate 9%
$709,000
Alternative Uses
Best Use
Multifamily LT 5
$911.6K
$797.6K – $1.06M
NOI $63,810 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$821.9K
$719.2K – $958.9K
NOI $57,536 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,143 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 10456, NY
93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines three residential apartments with a ground-level commercial space.
Where is this mixed-use property located?
The property is located at 616 E 168th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three residential units with 8 bedrooms and 3 full bathrooms; Ground‑floor storefront with an additional full bathroom; Storefront and first- and second‑floor units are vacant
