Renovated Coop Near
For Sale
$169,900
Pending
786 Bronx Riv B56, Bronxville, NY 10708
Newly renovated one-bedroom coop unit near Fleetwood Metro North.
Property Size700 SF
Days on Market266
Property Features for 786 Bronx Riv B56
General Information
Standard status
Pending
Size
700 SF
Property subtype
Residential
Building Details
Building Size
700 SF
Year Built
1950
Listing Agency:
(617) 250-6222
Listed By:
Maurice Bailey
(617) 250-6222
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Jul 30 at 11:49AM
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 Maurice Bailey
Investment Insights
Based on property information with market context.
This is a newly renovated one-bedroom coop unit located in the Fleetwood Park Complex. The unit features stainless steel appliances and finished wood floors. It has been freshly painted. The complex is located within a short walk to the Fleetwood Metro North Train Station and is convenient to major highways. The Cross County Shopping Mall and Ridge Hill are located nearby. The complex is described as financially sound with low maintenance.
Key Highlights
- Short walk to Fleetwood Metro North Train Station, a commuter's dream.
- Newly renovated unit features stainless steel appliances and finished wood floors.
- Low maintenance coop in a financially sound complex.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$311,120
$311.1K
Cap Rate 7%
$222,229
$222.2K
Cap Rate 9%
$172,844
$172.8K
Market Conditions
NOI Build-Up for 700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.1K $44.40/SF
− Vacancy
−$2.8K −$4.00/SF
EGI
$28.3K $40.40/SF
− OpEx
−$12.7K −$18.18/SF
NOI
$15.6K $22.22/SF
Area
Yonkers, NY
Vacancy
9.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$311,120
Cap Rate 7%
$222,229
Cap Rate 9%
$172,844
Alternative Uses
Best Use
Apartment 5plus
$222.2K
$194.5K – $259.3K
NOI $15,556 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$242.0K
$211.7K – $282.3K
NOI $16,938 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 10708, NY
22,299
Population
10,004
Households
2.2
Avg Household Size
45
Median Age
65%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
7,689
Density / Sq Mi
$121,107
Median Household Income
$80,556
Median Earnings
$2,161
Median Rent
$496,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly renovated one-bedroom coop unit near Fleetwood Metro North.
Where is this apartment building located?
The property is located at 786 Bronx Riv B56 Bronxville, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Short walk to Fleetwood Metro North Train Station, a commuter's dream.; Newly renovated unit features stainless steel appliances and finished wood floors.; Low maintenance coop in a financially sound complex.
