Building Details

Year built 1928

Floors in Building 3

Listing Agency: TWELVE STONES REALTY Show Phone

Listed By: Avraham Birnbaum Show Phone

Added: Jul 14 Changed: Aug 31 Last Checked: Sep 30 at 1:06PM

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MLS# 11885275

Copyright © 2026 My State 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 detached mixed-use quadplex contains 3,724 square feet on a 27' x 125' lot, with a 20' x 68' building constructed in 1928. The ground level includes vacant commercial space, a private garage, and a driveway. Two one-bedroom apartments occupy the second floor, while the third floor contains two two-bedroom apartments.

The property is located in Williamsbridge, Bronx, near transportation, shopping corridors, schools, parks, and neighborhood amenities. R6A zoning permits a maximum buildable floor area of approximately 10,125 square feet, with roughly 7,000 square feet of unused development rights. Any expansion or redevelopment remains subject to buyer due diligence and required approvals.

Key Highlights

• Four‑family mixed‑use property with 3,724 square feet
• 27' x 125' lot with a 20' x 68' building
• Ground‑floor vacant commercial space with private garage and driveway

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

$90,670

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

7.25%

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%

$1,813,400 $1.8M

Cap Rate 7%

$1,295,286 $1.3M

Cap Rate 9%

$1,007,444 $1.0M

Market Conditions

NOI Build-Up for 3,724 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

$138.5K $37.20/SF

− Vacancy

−$9.0K −$2.42/SF

EGI

$129.5K $34.78/SF

− OpEx

−$38.9K −$10.43/SF

NOI

$90.7K $24.35/SF

Area

ZIP 10467

Vacancy

6.50%

Lease Rate

$37.20 /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%

$1,813,400

Cap Rate 7%

$1,295,286

Cap Rate 9%

$1,007,444

Alternative Uses

Best Use

Multifamily LT 5

$1.30M

$1.13M – $1.51M (±1% cap)

NOI $90,670 @ 7.0% cap · market cap 7.25%

Second Best

Apartment 5plus

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,035 @ 7.0% cap · market cap 6.48%

Theoretical Best

Warehouse

$2.58M

$2.26M – $3.01M (±1% cap)

NOI $180,633 @ 7.0% cap · market cap 14.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Parking Lot & Garage Acupuncture Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

2,185

Businesses Nearby

Explore this area Business Placement

Demographics for 10467, NY

103,660

Population

40,582

Households

2.6

Avg Household Size

36

Median Age

22%

College-Educated

75%

High-School Grad

2.3 sq mi

ZIP Area

45,070

Density / Sq Mi

$47,806

Median Household Income

$36,949

Median Earnings

$1,505

Median Rent

$425,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Four-family property combines a vacant commercial area, residential apartments, and private off-street parking.

Where is this quadplex located?

The property is located at 746 E 215 Williamsbridge, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Four‑family mixed‑use property with 3,724 square feet; 27' x 125' lot with a 20' x 68' building; Ground‑floor vacant commercial space with private garage and driveway