Four-Family Corner
1928 Prospect Avenue Bronx, NY 10457
For Sale
$950,000
MULTI_FAMILY - Bronx, NY
Property Size1,100 SF
Lot Size0.05 Acres
Price / SF$863.64
Days on Market210
Property Features for 1928 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bedroom 9, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 5, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1
- Parking features
- On Street
- Interior features
- First Floor Bedroom, First Floor Full Bath, Open Floorplan
- Basement
- Finished
- Standard status
- Active
- APN
- 81-3343967
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4070
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1905
- Number of units
- 4
- Building materials
- Aluminum Siding
Listing Agency:
Century Homes Realty Group LLC
(718) 886-6800
Listed By:
Benjamin J. Shen CBR · License #10401216461
(917) 607-0472
Added: Dec 28, 2025
Changed: Jul 17
Last Checked: Jul 26 at 8:06AM
MLS# 946818
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-family corner property is approved as a Four-Family residence and configured with four separate electric meters, four gas meters, and four boilers with hot-water tanks. The unit mix includes one-bedroom apartments at street level and on the third floor, plus a three-bedroom unit with two full bathrooms on the first floor and a four-bedroom unit with two full bathrooms on the second floor.
The building sits on a 25 by 95 lot and is located at the corner of E. Tremont Ave, a main street with a concentration of shops. The property is within walking distance to the 2 and 5 subway lines, supporting convenient access for tenants and residents.
From an owner-operator or investor standpoint, this asset offers a straightforward four-unit layout in a zoning designation of R7-1. The seller is seeking a cash buyer only, and the listing notes low property tax of $4,070 per year. The price is negotiable, with the property presented for purchase based on its approved four-family status and separately metered utilities.
The building sits on a 25 by 95 lot and is located at the corner of E. Tremont Ave, a main street with a concentration of shops. The property is within walking distance to the 2 and 5 subway lines, supporting convenient access for tenants and residents.
From an owner-operator or investor standpoint, this asset offers a straightforward four-unit layout in a zoning designation of R7-1. The seller is seeking a cash buyer only, and the listing notes low property tax of $4,070 per year. The price is negotiable, with the property presented for purchase based on its approved four-family status and separately metered utilities.
Key Highlights
- Approved four‑family residence with 3 floors of unit layout: street level 1‑bedroom, 1st floor 3‑bedroom (2 full baths), 2nd floor 4‑bedroom (2 full baths), 3rd floor 1‑bedroom
- Separate utilities: 4 electric meters, 4 gas meters, and 4 boilers with 4 hot‑water tanks
- Zoning: R7‑1; corner location on E. Tremont Ave near shops
Financial Insights For Multifamily LT 5
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 | $42.2k | $38.40 |
| − Vacancy | −$2.3k | −$2.11 |
| EGI | $39.9k | $36.29 |
| − OpEx | −$12.0k | −$10.89 |
| NOI | $27.9k | $25.40 |
1,100 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$361.5K
$316.3K – $421.7K
NOI $25,304 @ 7.0% cap · market cap 2.66%
Theoretical Best
Warehouse
$762.2K
$667.0K – $889.3K
NOI $53,356 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four residential units with separate utilities and boiler systems in an R7-1 approved property on a busy commercial corridor.
Where is this quadplex located?
The property is located at 1928 Prospect Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approved four‑family residence with 3 floors of unit layout: street level 1‑bedroom, 1st floor 3‑bedroom (2 full baths), 2nd floor 4‑bedroom (2 full baths), 3rd floor 1‑bedroom; Separate utilities: 4 electric meters, 4 gas meters, and 4 boilers with 4 hot‑water tanks; Zoning: R7‑1; corner location on E. Tremont Ave near shops
