Four-Unit Quadplex with
For Sale
$1,299,000
1127 Calhoun Ave The, Bronx, NY 10465
Well-maintained four-unit property with a versatile lower-level space and on-site laundry in the Bronx.
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$649.50
Days on Market60
Property Features for 1127 Calhoun Ave The
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.12 Acres
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,740
Building Details
Building Size
2,000 SF
Year Built
1920
Units
4
Listing Agency:
Keller Williams Realty of Greater Nassau
(516) 582-1255
Listed By:
Shane Huffstead
(516) 582-1255
Source:
Elliman
Added: Jun 16
Changed: Aug 9
Last Checked: Aug 13 at 6:42AM
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 Keller Williams Realty of Greater Nassau
Investment Insights
Based on property information with market context.
1127 Calhoun Ave is a well-maintained four-unit quadplex offering four distinct, income-generating residential units. The property includes a spacious lower-level/basement area that is described as versatile, with an on-site laundry hub that can support day-to-day resident needs and related operations. The overall layout is designed to accommodate multiple households within one building, making it suitable for both long-term rental use and owner-occupant scenarios.
Located in the Schuylerville neighborhood of the Bronx, the property sits in a quiet, residential pocket while providing access to transit and city amenities. WalkScore is 41 (car-dependent) and bikeScore is 44 (somewhat bikeable), while transitScore is 72 (excellent transit), supporting tenant commuting and connectivity. The remarks also note proximity to local parks, dining, retail shopping, and schools.
For buyers and operators, this configuration offers straightforward scale through four units under one roof, along with a dedicated basement area that can function as storage, operational space for management, or resident-focused support through the on-site laundry setup. The property’s multi-unit structure can also align with a house-hacking approach where an owner occupies one unit while the remaining units provide rental income.
Located in the Schuylerville neighborhood of the Bronx, the property sits in a quiet, residential pocket while providing access to transit and city amenities. WalkScore is 41 (car-dependent) and bikeScore is 44 (somewhat bikeable), while transitScore is 72 (excellent transit), supporting tenant commuting and connectivity. The remarks also note proximity to local parks, dining, retail shopping, and schools.
For buyers and operators, this configuration offers straightforward scale through four units under one roof, along with a dedicated basement area that can function as storage, operational space for management, or resident-focused support through the on-site laundry setup. The property’s multi-unit structure can also align with a house-hacking approach where an owner occupies one unit while the remaining units provide rental income.
Key Highlights
- Well‑maintained 4‑unit property totaling 2,000 sq ft (built in 1920)
- 4 distinct, income‑generating units
- 5,109 sq ft lot in the Schuylerville neighborhood of the Bronx
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
$50,803
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
3.91%
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%
$1,016,060
$1.0M
Cap Rate 7%
$725,757
$725.8K
Cap Rate 9%
$564,478
$564.5K
Market Conditions
NOI Build-Up for 2,000 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
$76.8K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.6K $36.29/SF
− OpEx
−$21.8K −$10.89/SF
NOI
$50.8K $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%
$1,016,060
Cap Rate 7%
$725,757
Cap Rate 9%
$564,478
Alternative Uses
Best Use
Multifamily LT 5
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$657.2K
$575.1K – $766.8K
NOI $46,007 @ 7.0% cap · market cap 3.54%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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?
Quadplex - Well-maintained four-unit property with a versatile lower-level space and on-site laundry in the Bronx.
Where is this quadplex located?
The property is located at 1127 Calhoun Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit property totaling 2,000 sq ft (built in 1920); 4 distinct, income‑generating units; 5,109 sq ft lot in the Schuylerville neighborhood of the Bronx
