South Bronx Multifamily
For Sale
$1,095,000
1068 Woodycrest Ave The, Bronx, NY 10452
Three-family property near Manhattan and Yankee Stadium with parking.
Property Size3,198 SF
Lot Size0.06 Acres
Days on Market159
Property Features for 1068 Woodycrest Ave The
General Information
Standard status
Active
Size
3,198 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,014
Building Details
Building Size
3,198 SF
Year Built
1997
Units
3
Listing Agency:
Elite Real Estate Group
(646) 942-3487
Listed By:
Musa Balidemaj · License #10491203878
(646) 942-3487
Source:
Elliman
Added: Mar 10
Changed: Aug 13
Last Checked: Aug 13 at 11:48AM
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 Elite Real Estate Group
Investment Insights
Based on property information with market context.
This brick and block three-family property is located in the South Bronx, offering proximity to Manhattan and Yankee Stadium. The building features a three-bedroom unit, a two-bedroom unit, and a one-bedroom unit. Additionally, the property includes parking space for three cars. This property presents an investment opportunity.
Key Highlights
- Legal three‑family brick and block construction
- Located in the South Bronx, near Manhattan and Yankee Stadium
- Includes three‑car 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
$77,863
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
7.11%
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%
$1,557,260
$1.6M
Cap Rate 7%
$1,112,329
$1.1M
Cap Rate 9%
$865,144
$865.1K
Market Conditions
NOI Build-Up for 3,198 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
$119.0K $37.20/SF
− Vacancy
−$7.7K −$2.42/SF
EGI
$111.2K $34.78/SF
− OpEx
−$33.4K −$10.43/SF
NOI
$77.9K $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%
$1,557,260
Cap Rate 7%
$1,112,329
Cap Rate 9%
$865,144
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.3K – $1.30M
NOI $77,863 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$1.03M
$897.6K – $1.20M
NOI $71,805 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,286 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,222
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property near Manhattan and Yankee Stadium with parking.
Where is this triplex located?
The property is located at 1068 Woodycrest Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Legal three‑family brick and block construction; Located in the South Bronx, near Manhattan and Yankee Stadium; Includes **three‑car parking**
