Two-Bedroom Residential Income
For Sale
$840,000
640 W 237th Street 6D, Bronx, NY 10463
Corner-oriented condominium residence with private balcony, open kitchen, in-unit laundry, and extensive building amenities.
Property Size1,446 SF
Price / SF$580.91
Days on Market205
Property Features for 640 W 237th Street 6D
General Information
Standard status
Active
Size
1,446 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,500
Amenities
24 hour door staff
fitness center
lounge
playroom
rooftop deck
private balcony
in unit w/d
Building Details
Building Size
1,446 SF
Year Built
2008
Listing Agency:
Compass
Listed By:
Candia Herman-Flaum
(917) 714-7510
Source:
Howardhannanyc
Added: Mar 16
Changed: Sep 27
Last Checked: Oct 5 at 8:56PM
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 Compass
Investment Insights
Based on property information with market context.
Unit 6D is a 1,446-square-foot, two-bedroom, two-bath condominium residence in a 2008 building. The layout separates the bedrooms for privacy and includes a primary suite with an en-suite bath featuring dual sinks, a separate shower, and a tub. The second bathroom offers access from both the bedroom and the main living area. An open kitchen connects with flexible dining and living areas, while abundant windows, north and east exposures, a private balcony, and 10-foot ceilings shape the interior environment. An in-unit washer and dryer are also included.
Building amenities include 24-hour door staff, a fitness center, resident lounge, playroom, and rooftop deck. The property is located at 640 W 237th Street, Bronx, NY 10463.
Building amenities include 24-hour door staff, a fitness center, resident lounge, playroom, and rooftop deck. The property is located at 640 W 237th Street, Bronx, NY 10463.
Key Highlights
- 1,446 SF two‑bedroom, two‑bath condominium unit
- North and east exposures with a private balcony
- 10‑foot ceilings and extensive window exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,263
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,260
$665.3K
Cap Rate 7%
$475,186
$475.2K
Cap Rate 9%
$369,589
$369.6K
Market Conditions
NOI Build-Up for 1,446 SF
Gross rent
$64.2K $44.40/SF
− Vacancy
−$3.7K −$2.58/SF
EGI
$60.5K $41.82/SF
− OpEx
−$27.2K −$18.82/SF
NOI
$33.3K $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%
$665,260
Cap Rate 7%
$475,186
Cap Rate 9%
$369,589
Alternative Uses
Best Use
Apartment 5plus
$475.2K
$415.8K – $554.4K
NOI $33,263 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.00M
$876.7K – $1.17M
NOI $70,138 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,190
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Corner-oriented condominium residence with private balcony, open kitchen, in-unit laundry, and extensive building amenities.
Where is this residential income property located?
The property is located at 640 W 237th Street 6D Bronx, NY.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 1,446 SF two‑bedroom, two‑bath condominium unit; North and east exposures with a private balcony; 10‑foot ceilings and extensive window exposure
