4139 Bronxwood Ave The, Bronx, NY 10466
Free market mixed-use building with significant rental upside potential.
- Added:
- Nov 8, 2024
- Days on Market:
- 605
- Last Refresh:
- Jul 2 at 8:29 am
Property Features for 4139 Bronxwood Ave The
General Information
- Standard status
- Active
- Size
- 2,936 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing office Omorisson Properties
Listing date Nov 8, 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 Omorisson Properties
HighLights
- Tremendous rental upside due to low rents.
- 100% rent collections.
- Free Market mixed use building with store and apartments.
- Four‑bedroom apartment with potential to split into two apartments.
- Low taxes: $4,230.
- Only one tenant has a lease, offering flexibility.
Overview
Local Financial Insights For Apartment 5plus
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 | $130.4k | $44.40 |
| − Vacancy | −$7.6k | −$2.58 |
| EGI | $122.8k | $41.82 |
| − OpEx | −$55.3k | −$18.82 |
| NOI | $67.5k | $23.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.852812
- Latitude
- 40.890002
