Three-Unit Multifamily
For Sale
$1,400,000
1913 Bogart Avenue, Bronx, NY 10462
Residential Income, Bronx, NY
Property Size3,304 SF
Lot Size0.11 Acres
Price / SF$423.73
Days on Market23
Property Features for 1913 Bogart Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
6
Parking features
Garage, Driveway
Interior features
High Ceilings
Basement
Walk-Out Access
Elementary school
Ps 83 Donald Hertz
Middle school
Call Listing Agent
High school
Contact Agent
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Contact Agent
Directions
Bronx River Pkwy to Pelham Pkwy East. Continue to Williamsbridge Rd, then turn onto Bogart Ave. Property is located at 1913 Bogart Ave.
Standard status
Active
APN
04265-0057
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8482
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1910
Number of units
3
Building materials
Frame
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Viola Taliaferrow · License #10301200440
(914) 584-6683
Added: Aug 8
Changed: Aug 20
Last Checked: Aug 30 at 2:06AM
MLS# 1036528
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 three-family frame residence provides approximately 3,304 square feet of living area on an approximately 5,000-square-foot lot. The layout includes multiple living areas, high ceilings, hardwood floors, updated kitchens, and a full basement. Hot-water heating, public water, and public sewer serve the property, which was built in 1910.
Parking is a significant physical feature, with a driveway accommodating four cars plus a detached two-car garage. The property is located near shopping, restaurants, schools, public transportation, and major roadways in the Morris Park area of the Bronx.
Parking is a significant physical feature, with a driveway accommodating four cars plus a detached two-car garage. The property is located near shopping, restaurants, schools, public transportation, and major roadways in the Morris Park area of the Bronx.
Key Highlights
- Three‑family property with approximately 3,304 square feet of living space
- Approximately 5,000‑square‑foot lot, equivalent to 0.1148 acres
- Driveway parking for four cars plus a detached two‑car garage
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
$80,230
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
5.73%
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%
$1,604,600
$1.6M
Cap Rate 7%
$1,146,143
$1.1M
Cap Rate 9%
$891,444
$891.4K
Market Conditions
NOI Build-Up for 3,304 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
$120.9K $36.60/SF
− Vacancy
−$6.3K −$1.91/SF
EGI
$114.6K $34.69/SF
− OpEx
−$34.4K −$10.41/SF
NOI
$80.2K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /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%
$1,604,600
Cap Rate 7%
$1,146,143
Cap Rate 9%
$891,444
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,230 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$1.02M
$893.8K – $1.19M
NOI $71,506 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,354 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,545
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with updated kitchens, basement space, and substantial off-street parking.
Where is this triplex located?
The property is located at 1913 Bogart Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑family property with approximately 3,304 square feet of living space; Approximately 5,000‑square‑foot lot, equivalent to 0.1148 acres; Driveway parking for four cars plus a detached two‑car garage
