Four-Family Residential
For Sale
$1,199,000
1094 Longfellow Ave The, Bronx, NY 10459
Well-maintained 4-family with a finished walk-out basement and a practical mix of 1-, 2-, and 3-bedroom units.
Property Size3,200 SF
Days on Market63
Property Features for 1094 Longfellow Ave The
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,819
Building Details
Building Size
3,200 SF
Year Built
1930
Units
4
Listing Agency:
YourHomeSold Guaranteed Realty
(917) 568-5763
Listed By:
Bakary Camara · License #40CA1173900
(917) 568-5763
Source:
Elliman
Added: Jun 14
Changed: Aug 8
Last Checked: Aug 15 at 7:57AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This well-maintained four-family property offers a unit mix of two 2-bedroom apartments plus additional 1- and 3-bedroom units. The building includes a fully finished walk-out basement that adds usable interior space beyond the main floors, supporting flexible tenant layouts.
Located in the Bronx, the property is described as conveniently near transportation, shopping, schools, and major highways. Rider’s Paradise transit access is indicated by a TransitScore of 100, with a WalkScore of 80 and a BikeScore of 74, supporting tenant access for commuting and everyday errands.
The combination of multiple bedroom configurations and the added basement level can appeal to investors or owner-occupants seeking a managed rental portfolio with varied tenant needs. The straightforward four-unit structure and finished walk-out basement provide additional interior space to accommodate day-to-day living requirements.
Located in the Bronx, the property is described as conveniently near transportation, shopping, schools, and major highways. Rider’s Paradise transit access is indicated by a TransitScore of 100, with a WalkScore of 80 and a BikeScore of 74, supporting tenant access for commuting and everyday errands.
The combination of multiple bedroom configurations and the added basement level can appeal to investors or owner-occupants seeking a managed rental portfolio with varied tenant needs. The straightforward four-unit structure and finished walk-out basement provide additional interior space to accommodate day-to-day living requirements.
Key Highlights
- Well‑maintained 4‑family building built in 1930
- Unit mix includes two 2‑bedroom apartments plus additional 1- and 3‑bedroom units
- Fully finished walk‑out basement provides additional living space
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
$81,285
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
6.78%
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%
$1,625,700
$1.6M
Cap Rate 7%
$1,161,214
$1.2M
Cap Rate 9%
$903,167
$903.2K
Market Conditions
NOI Build-Up for 3,200 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
$122.9K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$116.1K $36.29/SF
− OpEx
−$34.8K −$10.89/SF
NOI
$81.3K $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%
$1,625,700
Cap Rate 7%
$1,161,214
Cap Rate 9%
$903,167
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,285 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$1.05M
$920.2K – $1.23M
NOI $73,612 @ 7.0% cap · market cap 6.14%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,216 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
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?
Quadplex - Well-maintained 4-family with a finished walk-out basement and a practical mix of 1-, 2-, and 3-bedroom units.
Where is this quadplex located?
The property is located at 1094 Longfellow Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Well‑maintained 4‑family building built in 1930; Unit mix includes two 2‑bedroom apartments plus additional 1- and 3‑bedroom units; Fully finished walk‑out basement provides additional living space
