Brick Triplex with Corner
For Sale
$1,500,000
260 E 197th Street, Bronx, NY 10458
MULTI_FAMILY - Colonial - Bronx, NY
Property Size4,560 SF
Lot Size0.07 Acres
Price / SF$328.95
Days on Market23
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
Basement, Bathroom 6, Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 9, Bedroom 11, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 10, Bedroom 1, Bathroom 5, Bedroom 12, Bedroom 4, Bedroom 5, Bathroom 4
Parking features
Covered
Patio and Porch features
Porch
Interior features
First Floor Bedroom, First Floor Full Bath, Chandelier, Eat-in Kitchen
Fencing
Perimeter, Fenced
Basement
Walk-Out Access, Finished
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
private entrance
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: Aug 5
Last Checked: Aug 11 at 10:06PM
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.
Brick three-family (triplex) residence featuring a Colonial architectural style and a fenced perimeter corner lot on the intersection of East 197th Street and Briggs Avenue in the Bronx. The home includes a separate private entrance, two private porches, and interior features such as eat-in kitchen space, first-floor bedroom and full bath, hardwood flooring, and natural gas heating. Cooling is described as separate meters, and utilities include natural gas availability, public water, and public sewer.
Built in 1920, the property also features a detached 5-car garage and covered parking. The layout includes multiple bedrooms and bathrooms, plus a basement.
The property is located in an R6B zoning district. Nearby access is described as being just moments from Fordham Road, the New York Botanical Garden, Bronx Zoo, major hospitals, shopping, dining, and multiple subway lines, subject to applicable zoning regulations and approvals.
Built in 1920, the property also features a detached 5-car garage and covered parking. The layout includes multiple bedrooms and bathrooms, plus a basement.
The property is located in an R6B zoning district. Nearby access is described as being just moments from Fordham Road, the New York Botanical Garden, Bronx Zoo, major hospitals, shopping, dining, and multiple subway lines, subject to applicable zoning regulations and approvals.
Key Highlights
- 0.0697‑acre fenced corner lot on East 197th Street and Briggs Avenue
- R6B zoning district
- Brick Colonial triplex with separate private entrance and two private porches
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
7.72%
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 7.72%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,897 @ 7.0% cap · market cap 6.99%
Theoretical Best
Warehouse
$3.16M
$2.76M – $3.69M
NOI $221,183 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
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
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 - Brick three-family home in an R6B zoning district with a private entrance, two porches, and a fenced corner lot.
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 $1,500,000.
What are key features of this property?
This property features: 0.0697‑acre fenced corner lot on East 197th Street and Briggs Avenue; R6B zoning district; Brick Colonial triplex with separate private entrance and two private porches
