Four-Unit Residential
For Sale
$1,050,000
Pending
1129 Beach Ave The, Bronx, NY 10472
Vacant multifamily property with varied apartment layouts, shared driveway, and convenient access to public transportation.
Property Size3,420 SF
Days on Market115
Property Features for 1129 Beach Ave The
General Information
Standard status
Pending
Size
3,420 SF
Property subtype
Investment
Property Condition
Severity
Repairs Needed
Evidence
does need some TLC
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,080
Building Details
Building Size
3,420 SF
Year Built
1910
Buildings
1
Units
3
Listing Agency:
RE/MAX In The City
(646) 717-2055
Listed By:
Samuel Buchana · License #3519487
(646) 717-2055
Source:
Elliman
Added: May 9
Changed: Aug 31
Last Checked: Aug 30 at 5:21PM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
This four-unit residential property offers a mix of apartment configurations within a multifamily building dating to 1910. The layout includes one three-bedroom apartment, one two-bedroom apartment, one one-bedroom apartment, and a rear studio. A shared driveway serves the property, which will be delivered vacant. The building requires TLC, providing an opportunity for a purchaser to undertake improvements based on the property's existing configuration.
Located in the Soundview section of the Bronx, the property is near public transportation. WalkScore is 91, described as Walker's Paradise, while TransitScore is 90, described as Rider's Paradise. BikeScore is 53, classified as Bikeable.
Located in the Soundview section of the Bronx, the property is near public transportation. WalkScore is 91, described as Walker's Paradise, while TransitScore is 90, described as Rider's Paradise. BikeScore is 53, classified as Bikeable.
Key Highlights
- Four‑unit configuration with 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio apartments
- Property will be delivered vacant
- Multifamily building constructed in 1910
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
$86,873
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
8.27%
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%
$1,737,460
$1.7M
Cap Rate 7%
$1,241,043
$1.2M
Cap Rate 9%
$965,256
$965.3K
Market Conditions
NOI Build-Up for 3,420 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
$131.3K $38.40/SF
− Vacancy
−$7.2K −$2.11/SF
EGI
$124.1K $36.29/SF
− OpEx
−$37.2K −$10.89/SF
NOI
$86.9K $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%
$1,737,460
Cap Rate 7%
$1,241,043
Cap Rate 9%
$965,256
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,873 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$1.12M
$983.4K – $1.31M
NOI $78,672 @ 7.0% cap · market cap 7.49%
Theoretical Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,887 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
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 - Vacant multifamily property with varied apartment layouts, shared driveway, and convenient access to public transportation.
Where is this quadplex located?
The property is located at 1129 Beach Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit configuration with 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio apartments; Property will be delivered vacant; Multifamily building constructed in 1910
