Two-Bedroom Residential
For Sale
$839,000
640 W 237TH Street 6A, Bronx, NY 10463
A private terrace, in-unit laundry, and full-service building amenities complement the home’s two-bedroom layout.
Property Size1,427 SF
Price / SF$587.95
Days on Market12
Property Features for 640 W 237TH Street 6A
General Information
Standard status
Active
Size
1,427 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,904
Amenities
24-hour attended lobby and concierge
fitness center
resident lounge
playroom
rooftop terrace
in-unit washer/dryer
private terrace
Building Details
Building Size
1,427 SF
Year Built
2007
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Ari Susswein · License #10401276151
(914) 450-9665
Source:
Howardhannanyc
Added: Oct 8
Changed: Oct 17
Last Checked: Oct 16 at 2:27PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condominium measures 1,427 square feet and was built in 2007. Ten-foot ceilings, floor-to-ceiling windows, hardwood floors, and southeast exposures define the interior. The living area opens to a private terrace, and the kitchen has cherry cabinetry, granite counters, built-in storage, and high-end appliances. The primary suite includes an en-suite bath with dual sinks, heated marble flooring, a stall shower, and a soaking tub. Central air, generous closet space, and an in-unit washer and dryer are also included.
Building amenities include a 24-hour attended lobby and concierge, fitness center, resident lounge, playroom, and rooftop terrace. Shopping, restaurants, houses of worship, parks, local and express buses, subway connections, and Metro-North are listed among the surrounding conveniences.
Building amenities include a 24-hour attended lobby and concierge, fitness center, resident lounge, playroom, and rooftop terrace. Shopping, restaurants, houses of worship, parks, local and express buses, subway connections, and Metro-North are listed among the surrounding conveniences.
Key Highlights
- 1,427‑square‑foot condominium with two bedrooms and two bathrooms
- Built in 2007 with 10‑foot ceilings and floor‑to‑ceiling windows
- Private terrace accessed from the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,826
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,520
$656.5K
Cap Rate 7%
$468,943
$468.9K
Cap Rate 9%
$364,733
$364.7K
Market Conditions
NOI Build-Up for 1,427 SF
Gross rent
$63.4K $44.40/SF
− Vacancy
−$3.7K −$2.58/SF
EGI
$59.7K $41.82/SF
− OpEx
−$26.9K −$18.82/SF
NOI
$32.8K $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%
$656,520
Cap Rate 7%
$468,943
Cap Rate 9%
$364,733
Alternative Uses
Best Use
Apartment 5plus
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$988.8K
$865.2K – $1.15M
NOI $69,217 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A private terrace, in-unit laundry, and full-service building amenities complement the home’s two-bedroom layout.
Where is this residential income property located?
The property is located at 640 W 237TH Street 6A Bronx, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 1,427‑square‑foot condominium with two bedrooms and two bathrooms; Built in 2007 with 10‑foot ceilings and floor‑to‑ceiling windows; Private terrace accessed from the living area
