8-Unit Apartment
For Sale
$1,700,000
626 E 223rd Street, Bronx, NY 10466
The building combines studio, one-bedroom, and two-bedroom residences.
Property Size6,384 SF
Price / SF$266.29
Days on Market56
Property Features for 626 E 223rd Street
General Information
Standard status
Active
Size
6,384 SF
Property subtype
Multi Family
Units
Unit Mix
4 x studio, 1 x 1BR, 3 x 2BR
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$2,295
Building Details
Building Size
6,384 SF
Year Built
2016
Buildings
1
Listing Agency:
New Concept Sheiks Realty Inc.
Listed By:
Sheik Khan · License #10311203596
(718) 320-4700
Source:
Shawmetro
Added: Aug 13
Changed: Sep 28
Last Checked: Oct 5 at 11:13PM
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 New Concept Sheiks Realty Inc.
Investment Insights
Based on property information with market context.
Built in 2016, this eight-unit apartment building offers a defined mix of studio, one-bedroom, and two-bedroom residences. The configuration includes four studios, one one-bedroom unit, and three two-bedroom units.
The property is located at 626 E 223rd Street in the Bronx, New York, 10466.
The property is located at 626 E 223rd Street in the Bronx, New York, 10466.
Key Highlights
- Eight‑family apartment building
- Unit mix includes 4 studios, 1 one‑bedroom, and 3 two‑bedroom units
- Built in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,855
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,937,100
$2.9M
Cap Rate 7%
$2,097,929
$2.1M
Cap Rate 9%
$1,631,722
$1.6M
Market Conditions
NOI Build-Up for 6,384 SF
Gross rent
$283.4K $44.40/SF
− Vacancy
−$16.4K −$2.58/SF
EGI
$267.0K $41.82/SF
− OpEx
−$120.2K −$18.82/SF
NOI
$146.9K $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%
$2,937,100
Cap Rate 7%
$2,097,929
Cap Rate 9%
$1,631,722
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $146,855 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.42M
$3.87M – $5.16M
NOI $309,656 @ 7.0% cap · market cap 18.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - The building combines studio, one-bedroom, and two-bedroom residences.
Where is this apartment building located?
The property is located at 626 E 223rd Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Eight‑family apartment building; Unit mix includes 4 studios, 1 one‑bedroom, and 3 two‑bedroom units; Built in 2016
