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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    724 Manida St The Bronx, NY 10474

    • Commercial real estate
    • 2,700 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2208299
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 724 Manida St

    Property size
    2,700 SF
    Property type
    Commercial real estate

    Description

    This exceptional two-family apartment building, located at 724 Manida Street in the Bronx, NY 10474, presents a compelling investment opportunity. The property boasts a total of 2,700 square feet and features two units, each spanning a full floor. Both units are fully renovated and offer three bedrooms and two bathrooms, showcasing modern kitchens and sleek hardwood floors. Recent upgrades include a brand new roof and windows, ensuring long-term value and reduced maintenance costs. Each unit also benefits from its own furnace and hot water system, providing independent climate control and utility management. The property includes a wide shared driveway and two dedicated off-street parking spaces at the rear. An unfinished basement offers significant potential for customization and added value. Situated in the vibrant Hunts Point neighborhood, this property enjoys convenient access to parks, schools, shopping centers, and public transportation. The asking price is $1,049,000, representing a price per square foot of $388.52 and a price per unit of $524,500. With an 8.00% cap rate, this stabilized investment offers strong potential for passive income and appreciation. This Class A property is ideal for discerning investors seeking a high-return, low-risk opportunity in a thriving Bronx neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8882938
    Latitude
    40.815025

    Comparable in this City

    • $4,500,000
      25,523 SF

      Bronx Multifamily Development Opportunity

      8-story, 41-unit senior housing project.
      883 Bryant Ave, The Bronx, NY 10474
      View Details
    • $134,999

      Hunts Point HDFC Cooperative

      Large 1 bed, 1 bath HDFC Cooperative in Bronx.
      645 The, Bronx, NY 10474
      View Details
    • $1,199,998
      3,100 SF

      Bronx Multifamily Investment Opportunity

      Turnkey, income-producing 3-family home in a rapidly developing Bronx neighborhood.
      1321 Lafayette Ave, Bronx, NY 10474
      View Details
    • $1,199,900
      3,295 SF

      Bronx Triplex with Investment Potential

      Three-family home in Longwood, ideal for investment or owner-occupancy.
      637 Barretto St, Bronx, NY 10474
      View Details
    • $1,249,000
      0.05 Acres

      Bronx Three-Family Detached House

      Updated three-family house in the Bronx, built in 2007.
      631 Coster St, Bronx, NY 10474
      View Details
    • $500,000
      Pending

      Bronx Colonial Duplex for Renovation

      Two-family home in the Bronx requiring full renovation.
      526 Barretto St, Bronx, NY 10474
      View Details

    Similar Nearby for Sale

    • $4,500,000
      25,523 SF

      Bronx Multifamily Development Opportunity

      8-story, 41-unit senior housing project.
      883 Bryant Ave, The Bronx, NY 10474
      View Details
    • $134,999

      Hunts Point HDFC Cooperative

      Large 1 bed, 1 bath HDFC Cooperative in Bronx.
      645 The, Bronx, NY 10474
      View Details
    • $1,199,998
      3,100 SF

      Bronx Multifamily Investment Opportunity

      Turnkey, income-producing 3-family home in a rapidly developing Bronx neighborhood.
      1321 Lafayette Ave, Bronx, NY 10474
      View Details
    • $1,199,900
      3,295 SF

      Bronx Triplex with Investment Potential

      Three-family home in Longwood, ideal for investment or owner-occupancy.
      637 Barretto St, Bronx, NY 10474
      View Details
    • $1,249,000
      0.05 Acres

      Bronx Three-Family Detached House

      Updated three-family house in the Bronx, built in 2007.
      631 Coster St, Bronx, NY 10474
      View Details
    • $500,000
      Pending

      Bronx Colonial Duplex for Renovation

      Two-family home in the Bronx requiring full renovation.
      526 Barretto St, Bronx, NY 10474
      View Details

    Similar Nearby for Lease

    • $12,500 /Mo
      7,500 SF

      Bronx Warehouse Space Available

      7,500 SF warehouse space for rent in the Bronx.
      840 Barry St, Bronx, NY 10474
      View Details
    • $8,500 /Mo
      5,500 SF

      Functional Warehouse Space in Bronx

      Ground floor warehouse suitable for light manufacturing and distribution.
      230 Manida St, Bronx, NY 10474
      View Details
    • Contact for pricing
      9,956 SF

      Warehouse with Office and Yard

      Warehouse with office space, fenced yard, and expansion potential.
      1318 Randall Ave, Bronx, NY 10474
      View Details
    • Contact for pricing
      5,193 SF

      Industrial Space in The Bronx

      Single-story industrial space with easy access to major expressways.
      1200 Randall Ave, Bronx, NY 10474
      View Details
    • Contact for pricing
      10,000 SF

      Hunts Point Ave Industrial Space

      10,000 SF Bronx Industrial Building
      421 Hunts Point Ave, The Bronx, NY 10474
      View Details
    • Contact for pricing
      268,822 SF

      Bronx Warehouse: 10 Acres

      Massive warehouse, 10 acres, ideal for distribution.
      1110 Oak Point Ave, Bronx, NY 10474
      View Details
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    724 Manida St
    The Bronx, NY 10474
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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