Mixed-Use Building with Income
For Sale
Contact for pricing
2918 Bronx Blvd The, Bronx, NY 10467
Well-maintained mixed-use building with restaurant/bar and apartments for sale.
Property Size4,576 SF
Price / SF$371.28
Days on Market984
Property Features for 2918 Bronx Blvd The
General Information
Standard status
Active
Size
4,576 SF
Property subtype
Mixed Use
Occupancy
100%
Net Operating Income
$119,044
Building Details
Units
3
Listing Agency:
Highcap Group
Listed By:
Anthony Volman · License #NY
Source:
Crexi
Added: Jan 26, 2024
Changed: Sep 5
Last Checked: Oct 5 at 6:20PM
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 Highcap Group
Investment Insights
Based on property information with market context.
This mixed-use property features 4,576 square feet of space. The building is well-maintained and has excellent rent collection. It includes two large free-market 3-bedroom apartments, each over 1,500 square feet. Each apartment has its own laundry room with a coin-operated Whirlpool washing machine. A restaurant/bar is also located within the building and pays 33% of the real estate taxes and water bill.
Key Highlights
- Two large, free‑market 3‑bedroom apartments (over 1,500 SF each).
- Total building size of 4,576 SF.
- Restaurant/Bar tenant pays 33% of real estate taxes and water bill.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,723
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,460
$1.9M
Cap Rate 7%
$1,353,186
$1.4M
Cap Rate 9%
$1,052,478
$1.1M
Market Conditions
NOI Build-Up for 4,576 SF
Gross rent
$164.7K $36.00/SF
− Vacancy
−$13.2K −$2.88/SF
EGI
$151.6K $33.12/SF
− OpEx
−$56.8K −$12.42/SF
NOI
$94.7K $20.70/SF
Area
ZIP 10467
Vacancy
8.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,894,460
Cap Rate 7%
$1,353,186
Cap Rate 9%
$1,052,478
Alternative Uses
Best Use
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,723 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.17M
$2.77M – $3.70M
NOI $221,959 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,308
Businesses Nearby
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Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with restaurant/bar and apartments for sale.
Where is this mixed-use property located?
The property is located at 2918 Bronx Blvd The Bronx, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two large, free‑market 3‑bedroom apartments (over 1,500 SF each).; Total building size of 4,576 SF.; Restaurant/Bar tenant pays 33% of real estate taxes and water bill.
