Restored Brick
For Sale
$1,599,999
1068 Walton Ave, Bronx, NY 10452
Legal three-unit townhouse with a private landscaped garden, full basement, and restored historic character.
Property Size3,150 SF
Lot Size0.05 Acres
Price / SF$507.94
Days on Market219
Property Features for 1068 Walton Ave
General Information
Standard status
Active
Size
3,150 SF
Lot size
0.05 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
private landscaped garden
full basement
Building Details
Year Built
1899
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Locqube New York, Inc.
(347) 657-1114
Listed By:
Jeffrie Pena · License #10401261474
Source:
Searchhomesinlongisland
Added: Jan 24
Changed: Aug 31
Last Checked: Aug 31 at 5:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Locqube New York, Inc.
Investment Insights
Based on property information with market context.
This restored 1899 brick townhouse contains 3,150 square feet across three stories on a 2,000-square-foot lot. The legal triplex includes a three-bedroom, one-bath residence, a second three-bedroom, one-bath residence, and a two-bedroom, one-bath residence, with a full basement for storage, utilities, or flexible use. Refinished hardwood floors, high ceilings, large windows, neutral finishes, stainless steel appliances, and updated bathrooms carry throughout the property.
Outdoor space is a defining feature, with a private landscaped garden featuring mature trees, stone paths, paved areas for entertaining, and decorative garden walls. The property is located one block from the Grand Concourse Historic District, with the Bronx Museum of the Arts, Yankee Stadium, Joyce Kilmer Park, and Franz Sigel Park within walking access. The 4, B, and D trains are available at 161st Street–Yankee Stadium, while Metro-North service operates from Yankees–E. 153rd Street.
Outdoor space is a defining feature, with a private landscaped garden featuring mature trees, stone paths, paved areas for entertaining, and decorative garden walls. The property is located one block from the Grand Concourse Historic District, with the Bronx Museum of the Arts, Yankee Stadium, Joyce Kilmer Park, and Franz Sigel Park within walking access. The 4, B, and D trains are available at 161st Street–Yankee Stadium, while Metro-North service operates from Yankees–E. 153rd Street.
Key Highlights
- 3,150 square feet across three stories on a 2,000‑square‑foot lot
- Legal three‑unit configuration: 3‑bedroom, 1‑bath; 3‑bedroom, 1‑bath; and 2‑bedroom, 1‑bath units
- Restored 1899 brick townhouse with refinished hardwood floors and high ceilings
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
$76,694
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
4.79%
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%
$1,533,880
$1.5M
Cap Rate 7%
$1,095,629
$1.1M
Cap Rate 9%
$852,156
$852.2K
Market Conditions
NOI Build-Up for 3,150 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
$117.2K $37.20/SF
− Vacancy
−$7.6K −$2.42/SF
EGI
$109.6K $34.78/SF
− OpEx
−$32.9K −$10.43/SF
NOI
$76.7K $24.35/SF
Area
ZIP 10452
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%
$1,533,880
Cap Rate 7%
$1,095,629
Cap Rate 9%
$852,156
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$958.7K – $1.28M
NOI $76,694 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.01M
$884.1K – $1.18M
NOI $70,728 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,586 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 10452, NY
77,564
Population
28,854
Households
2.7
Avg Household Size
35
Median Age
14%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
77,564
Density / Sq Mi
$37,854
Median Household Income
$32,732
Median Earnings
$1,367
Median Rent
$263,000
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 - Legal three-unit townhouse with a private landscaped garden, full basement, and restored historic character.
Where is this triplex located?
The property is located at 1068 Walton Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: 3,150 square feet across three stories on a 2,000‑square‑foot lot; Legal three‑unit configuration: 3‑bedroom, 1‑bath; 3‑bedroom, 1‑bath; and 2‑bedroom, 1‑bath units; Restored 1899 brick townhouse with refinished hardwood floors and high ceilings
