Brick
New
For Sale
$1,350,000
99 E 235th Street, Bronx, NY 10470
Four residential units in a brick building offer a multi-unit configuration near commuter rail and neighborhood amenities.
Property Size3,960 SF
Price / SF$340.91
Days on Market5
Property Features for 99 E 235th Street
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Quadruplex
Property Condition
Severity
Repairs Needed
Evidence
requires some updating
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,000
Building Details
Building Size
3,960 SF
Year Built
1940
Construction
solid brick
Listing Agency:
Henry Djonbalaj Real Estate
Listed By:
John J. Naughton · License #10401346829
(347) 865-1845
Source:
Shawmetro
Added: Oct 31
Changed: Nov 4
Last Checked: Nov 4 at 2:18AM
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 Henry Djonbalaj Real Estate
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Investment Insights
Based on property information with market context.
This four-unit brick quadplex was built in 1940 and contains 3,960 square feet. The property requires updating, including roof replacement, and offers a residential multi-unit layout.
The Metro-North station is within walking distance, with an approximately 25-minute train ride to Grand Central Terminal. A bus ride of about five minutes reaches a NYC subway station. Major highways, local shopping, dining, schools, and parks are also nearby.
The Metro-North station is within walking distance, with an approximately 25-minute train ride to Grand Central Terminal. A bus ride of about five minutes reaches a NYC subway station. Major highways, local shopping, dining, schools, and parks are also nearby.
Key Highlights
- Four residential units in a brick building
- 3,960 square feet; built in 1940
- Updating is needed, including roof replacement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,590
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,800
$2.0M
Cap Rate 7%
$1,437,000
$1.4M
Cap Rate 9%
$1,117,667
$1.1M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$152.1K $38.40/SF
− Vacancy
−$8.4K −$2.11/SF
EGI
$143.7K $36.29/SF
− OpEx
−$43.1K −$10.89/SF
NOI
$100.6K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,011,800
Cap Rate 7%
$1,437,000
Cap Rate 9%
$1,117,667
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,590 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,094 @ 7.0% cap · market cap 6.75%
Theoretical Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $192,080 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units in a brick building offer a multi-unit configuration near commuter rail and neighborhood amenities.
Where is this quadplex located?
The property is located at 99 E 235th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four residential units in a brick building; 3,960 square feet; built in 1940; Updating is needed, including roof replacement
