Building Details

Building Size 3,420 SF

Year Built 1910

Buildings 1

Units 3

Listing Agency: RE/MAX In The City

Listed By: Samuel Buchana · License #3519487 Show Phone

Source: Elliman

Added: May 9 Changed: Oct 7 Last Checked: Oct 16 at 9:56AM

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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.

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 / Yr

$86,873

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,737,460 $1.7M

Cap Rate 7%

$1,241,043 $1.2M

Cap Rate 9%

$965,256 $965.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,420 SF

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 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 (±1% cap)

NOI $86,873 @ 7.0% cap · market cap 8.27%

Second Best

Apartment 5plus

$1.12M

$983.4K – $1.31M (±1% cap)

NOI $78,672 @ 7.0% cap · market cap 7.49%

Theoretical Best

Warehouse

$2.37M

$2.07M – $2.76M (±1% cap)

NOI $165,887 @ 7.0% cap · market cap 15.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Dental Office Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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