Brick Triplex with Detached
For Sale
$1,399,999
260 E 197th Street, Bronx, NY 10458
Residential Income, Bronx, NY
Property Size4,560 SF
Lot Size0.07 Acres
Price / SF$307.02
Days on Market74
Property Features for 260 E 197th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 3, Bedroom 4, Bathroom 5, Bedroom 5, Bedroom 12, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 11, Bathroom 4, Bathroom 3, Bathroom 6, Bathroom 2, Basement, Bedroom 2, Bathroom 1
Parking features
Covered
Patio and Porch features
Porch
Interior features
First Floor Bedroom, First Floor Full Bath, Chandelier, Eat-in Kitchen
Fencing
Fenced, Perimeter
Basement
Finished, Walk-Out Access
Elementary school
Ps 46 Edgar Allan Poe
Middle school
Is 254
High school
Celia Cruz Bronx Hs Of Music (The)
Elementary school district
Bronx 10
Middle school district
Bronx 10
High school district
Bronx 10
Directions
FORDHAM MANOR neighborhood - from Grand Concourse make a right onto E. 197th (between Valentine Ave. & Briggs Ave.)
Standard status
Active
APN
03295-0029
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7858
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Separate Meters
Water source
Public
Amenities
private porches
Building Details
Year built
1920
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Nyqwan Hill
(347) 606-0114
Added: Jul 20
Changed: Sep 15
Last Checked: Oct 1 at 6:06PM
MLS# 1033534
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 1920 brick triplex offers approximately 4,560 square feet of living space arranged across 12 bedrooms and 6 bathrooms. The property includes a separate private entrance, two porches, a basement, hardwood flooring, and a detached five-car garage. A first-floor bedroom, full bath, and eat-in kitchen add practical flexibility, while natural-gas heating and public water and sewer serve the residence. The home has a Colonial architectural style and sits on a fenced corner lot at East 197th Street and Briggs Avenue. R6B zoning applies, subject to applicable regulations and approvals. Fordham Road, the New York Botanical Garden, the Bronx Zoo, major hospitals, shopping, dining, and multiple subway lines are located nearby.
Key Highlights
- Approximately 4,560 square feet with 12 bedrooms and 6 bathrooms
- Three‑family brick residence built in 1920
- Detached 5 car garage with covered parking
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
$115,831
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
8.27%
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%
$2,316,620
$2.3M
Cap Rate 7%
$1,654,729
$1.7M
Cap Rate 9%
$1,287,011
$1.3M
Market Conditions
NOI Build-Up for 4,560 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
$175.1K $38.40/SF
− Vacancy
−$9.6K −$2.11/SF
EGI
$165.5K $36.29/SF
− OpEx
−$49.6K −$10.89/SF
NOI
$115.8K $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%
$2,316,620
Cap Rate 7%
$1,654,729
Cap Rate 9%
$1,287,011
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,831 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,897 @ 7.0% cap · market cap 7.49%
Theoretical Best
Warehouse
$3.16M
$2.76M – $3.69M
NOI $221,183 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Three-family residence with private entry, two porches, and covered parking in a fenced corner setting.
Where is this triplex located?
The property is located at 260 E 197th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Approximately 4,560 square feet with 12 bedrooms and 6 bathrooms; Three‑family brick residence built in 1920; Detached 5 car garage with covered parking
