Four-Unit Property With
For Sale
$1,229,000
1127 Calhoun Avenue, Bronx, NY 10465
Residential Income, Bronx, NY
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$614.50
Days on Market114
Property Features for 1127 Calhoun Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Basement, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 2
Parking features
On Street, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Storage
Basement
Storage Space, Partially Finished, Walk-Out Access
Elementary school
Ps 14 Senator John Calandra
Middle school
Ms 101 Edward R Byrne
High school
Herbert H Lehman High School
Elementary school district
Bronx 8
Middle school district
Bronx 8
High school district
Bronx 8
Standard status
Active
APN
05306-0087
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7741
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
4
Building materials
Aluminum Siding, Frame
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Shane Huffstead
(516) 582-1255
Added: Jun 10
Changed: Sep 28
Last Checked: Oct 1 at 7:06PM
MLS# 1011839
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential property at 1127 Calhoun Avenue contains approximately 2,000 square feet on a 5,109-square-foot lot. The unit mix includes two three-bedroom apartments and two studio units. A basement adds storage and operational flexibility, while interior features include a first-floor bedroom, first-floor full bath, entrance foyer, and storage areas. The building dates to 1920 and has aluminum siding over frame construction, window or wall/window cooling, public water, and public sewer.
The property is in the Schuylerville neighborhood of the Bronx, within proximity to transit, parks, dining, retail shopping, and schools. Parking features include a driveway and on-street parking. The property is currently partially vacant, with delivery planned in fully vacant condition.
The property is in the Schuylerville neighborhood of the Bronx, within proximity to transit, parks, dining, retail shopping, and schools. Parking features include a driveway and on-street parking. The property is currently partially vacant, with delivery planned in fully vacant condition.
Key Highlights
- Four‑unit building with two three‑bedroom apartments and two studios
- Approximately 2,000 square feet on a 5,109‑square‑foot lot
- Basement provides additional storage and operational space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,803
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,060
$1.0M
Cap Rate 7%
$725,757
$725.8K
Cap Rate 9%
$564,478
$564.5K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$76.8K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.6K $36.29/SF
− OpEx
−$21.8K −$10.89/SF
NOI
$50.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,016,060
Cap Rate 7%
$725,757
Cap Rate 9%
$564,478
Alternative Uses
Best Use
Multifamily LT 5
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$657.2K
$575.1K – $766.8K
NOI $46,007 @ 7.0% cap · market cap 3.74%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with two three-bedroom units, two studios, and flexible lower-level space.
Where is this quadplex located?
The property is located at 1127 Calhoun Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,229,000.
What are key features of this property?
This property features: Four‑unit building with two three‑bedroom apartments and two studios; Approximately 2,000 square feet on a 5,109‑square‑foot lot; Basement provides additional storage and operational space
