Bronx Multifamily Property For
For Sale
Contact for pricing
1074 University Ave, Bronx, NY 10452
Multifamily property featuring two apartments and a large rear yard.
Property Size2,499 SF
Price / SF$370.15
Days on Market171
Property Features for 1074 University Ave
General Information
Standard status
Active
Size
2,499 SF
Property subtype
Multifamily
Building Details
Units
2
Listing Agency:
Triple Net Brokers
Listed By:
Frank Caporrino · License #NY 10491205822
Source:
Crexi
Added: Mar 12
Changed: Aug 22
Last Checked: Aug 26 at 8:52PM
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 Triple Net Brokers
Investment Insights
Based on property information with market context.
This multifamily property is located in the Highbridge neighborhood of the Bronx. The property includes two apartments and a large rear yard. The property size is 2499 square feet.
Key Highlights
- Multi‑family property: Ideal for investors or owner‑occupants seeking rental income.
- Two apartments: Provides immediate rental income potential or space for extended family.
- Large rear yard: Offers outdoor space for recreation or potential development.
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
$56,111
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
6.07%
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%
$1,122,220
$1.1M
Cap Rate 7%
$801,586
$801.6K
Cap Rate 9%
$623,456
$623.5K
Market Conditions
NOI Build-Up for 2,499 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
$108.0K $43.20/SF
− Vacancy
−$5.9K −$2.38/SF
EGI
$102.0K $40.82/SF
− OpEx
−$45.9K −$18.37/SF
NOI
$56.1K $22.45/SF
Area
ZIP 10452
Vacancy
5.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,122,220
Cap Rate 7%
$801,586
Cap Rate 9%
$623,456
Alternative Uses
Best Use
Apartment 5plus
$801.6K
$701.4K – $935.2K
NOI $56,111 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,525 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,039
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?
Multifamily property - Multifamily property featuring two apartments and a large rear yard.
Where is this multifamily property located?
The property is located at 1074 University Ave Bronx, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Multi‑family property: Ideal for investors or owner‑occupants seeking rental income.; Two apartments: Provides immediate rental income potential or space for extended family.; Large rear yard: Offers outdoor space for recreation or potential development.
