Mixed-Use Building with
861 Freeman St Bronx, NY 10459
861 Freeman St, Bronx, NY, 10459
Contact for pricing
For Sale
Contact for pricing
Three-story mixed-use property with two apartments and two retail spaces on a 2,550 SF R7-1 lot.
Property Size3,930 SF
Lot Size0.06 Acres
Price / SF$330.79
Days on Market129
Property Features for 861 Freeman St
General Information
- Standard status
- Active
- Size
- 3,930 SF
- Lot size
- 0.06 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1931
Listing agency
Landair Advisors
Listed by
Maha Alaoui · License #10401392848
Source
Crexi
Added: Mar 16 Updated: Jul 21 at 8:25PM Checked: Jul 21 at 8:25PM
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 Landair Advisors
Investment Insights
Based on property information with market context.
Landair Advisors has been retained to sell 861 Freeman Street, a three-story mixed-use building featuring two apartments and two retail stores. The building is currently configured as a two-family residence and one retail space, with a total of 3,930 SF. Each apartment unit has 6 bedrooms and 1 bathroom, and the apartments are equipped with electric heat.
The property sits on a 2,550 SF lot and is zoned R7-1. The public remarks state the site is suitable for development into a new residential building when vacant. 861 Freeman Street is also described as being approximately 0.2 miles from the Freeman Street 2/5 Train Subway Station.
The building dimensions are listed as 25’ x 54’. The public remarks also include development figures (as-of-right and UAP) for potential redevelopment scenarios.
The property sits on a 2,550 SF lot and is zoned R7-1. The public remarks state the site is suitable for development into a new residential building when vacant. 861 Freeman Street is also described as being approximately 0.2 miles from the Freeman Street 2/5 Train Subway Station.
The building dimensions are listed as 25’ x 54’. The public remarks also include development figures (as-of-right and UAP) for potential redevelopment scenarios.
Key Highlights
- Mixed‑use 3‑story building with 2 apartments and 2 retail stores at 861 Freeman Street
- Built in 1931; includes one store with 3,930 SF and building dimensions of 25' x 54'
- Both apartments are 6 bedrooms and 1 bathroom each, with electric heat
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $38.40 |
| − Vacancy | −$8.3k | −$2.11 |
| EGI | $142.6k | $36.29 |
| − OpEx | −$42.8k | −$10.89 |
| NOI | $99.8k | $25.40 |
3,930 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,828 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,404 @ 7.0% cap · market cap 6.95%
Theoretical Best
Warehouse
$2.72M
$2.38M – $3.18M
NOI $190,625 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dream Hall
Hotel & Motel
Iglesia Cristiana Poder ...
Church
Ship Guy Auto ...
Car Dealership
CapDeck Business Loans
Business Management Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Three-story mixed-use property with two apartments and two retail spaces on a 2,550 SF R7-1 lot.
Where is this duplex located?
The property is located at 861 Freeman St Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑use 3‑story building with 2 apartments and 2 retail stores at 861 Freeman Street; Built in 1931; includes one store with 3,930 SF and building dimensions of 25' x 54'; Both apartments are 6 bedrooms and 1 bathroom each, with electric heat
