Four-Unit Multifamily
719 E 242nd Street, Bronx, NY 10470
For Sale
$1,350,000
The apartment mix includes three two-bedroom homes and one one-bedroom home, with one apartment vacant.
Property Size3,460 SF
Price / SF$390.17
Days on Market63
Property Features for 719 E 242nd Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Group
Listed By:
Michael A. Brown · License #02065385
(650) 575-8698
Source:
Shawmetro
Added: Sep 7
Changed: Nov 7
Last Checked: Nov 6 at 4:15PM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
Built in 1931, this 3,460-square-foot multifamily property contains four apartments: three with two bedrooms and one with a single bedroom. One apartment is vacant. The listing also identifies a basement unit, without clarifying its relationship to the four-apartment count.
The property is near the Mount Vernon border and within walking distance of the 2 and 5 subway lines, providing access to subway service toward Manhattan.
The property is near the Mount Vernon border and within walking distance of the 2 and 5 subway lines, providing access to subway service toward Manhattan.
Key Highlights
- Four‑family property with three two‑bedroom apartments and one one‑bedroom apartment
- 3,460 square feet
- Built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,890
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,800
$1.8M
Cap Rate 7%
$1,255,571
$1.3M
Cap Rate 9%
$976,556
$976.6K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$132.9K $38.40/SF
− Vacancy
−$7.3K −$2.11/SF
EGI
$125.6K $36.29/SF
− OpEx
−$37.7K −$10.89/SF
NOI
$87.9K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,757,800
Cap Rate 7%
$1,255,571
Cap Rate 9%
$976,556
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.46M
NOI $87,890 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$1.14M
$994.9K – $1.33M
NOI $79,593 @ 7.0% cap · market cap 5.90%
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $167,828 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
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Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Bronx, NY
Properties on Market for Quadplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix includes three two-bedroom homes and one one-bedroom home, with one apartment vacant.
Where is this quadplex located?
The property is located at 719 E 242nd Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four‑family property with three two‑bedroom apartments and one one‑bedroom apartment; 3,460 square feet; Built in 1931
