2918 Bronx Blvd The, Bronx, NY 10467
Well-maintained mixed-use building with restaurant/bar and apartments for sale.
- Added:
- Jan 26, 2024
- Days on Market:
- 893
- Last Refresh:
- Jun 25 at 8:24 am
Property Features for 2918 Bronx Blvd The
General Information
- Standard status
- Active
- Size
- 4,576 SF
- Property subtype
- Mixed Use
Listing office Highcap Group
Listing date Jan 26, 2024
Source Crexi
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
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.
- Well‑maintained building with excellent rent collection.
- Coin‑operated Whirlpool washing machine in each apartment laundry room.
- Price per square foot is $371.
Overview
Local Financial Insights For Specialty Retail
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 | $164.7k | $36.00 |
| − Vacancy | −$12.4k | −$2.70 |
| EGI | $152.4k | $33.30 |
| − OpEx | −$38.1k | −$8.33 |
| NOI | $114.3k | $24.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.870089
- Latitude
- 40.872217
