Fordham Hill Oval
For Sale
$255,500
8 Fordham Hill Oval 1B The, Bronx, NY 10468
Apartment building at 8 Fordham Hill Oval, The Bronx.
Property Size975 SF
Days on Market312
Property Features for 8 Fordham Hill Oval 1B The
General Information
Standard status
Active
Size
975 SF
Property subtype
Residential
Building Details
Building Size
975 SF
Year Built
1950
Listed By:
Marie M. Blatch
(347) 267-4602
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 28
Last Checked: Oct 5 at 7:41PM
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 Marie M. Blatch
Investment Insights
Based on property information with market context.
Located at 8 Fordham Hill Oval in The Bronx, New York, this property is an apartment building. The list price is $263,000.
Key Highlights
- Year Built: 1950
- Price: $11
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,429
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,580
$448.6K
Cap Rate 7%
$320,414
$320.4K
Cap Rate 9%
$249,211
$249.2K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$43.3K $44.40/SF
− Vacancy
−$2.5K −$2.58/SF
EGI
$40.8K $41.82/SF
− OpEx
−$18.4K −$18.82/SF
NOI
$22.4K $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%
$448,580
Cap Rate 7%
$320,414
Cap Rate 9%
$249,211
Alternative Uses
Best Use
Apartment 5plus
$320.4K
$280.4K – $373.8K
NOI $22,429 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$675.6K
$591.2K – $788.2K
NOI $47,292 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
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 - Apartment building at 8 Fordham Hill Oval, The Bronx.
Where is this apartment building located?
The property is located at 8 Fordham Hill Oval 1B The Bronx, NY.
What is the asking price?
The asking price for this property is $255,500.
What are key features of this property?
This property features: Year Built: 1950; Price: $11
