Soundview Multifamily Investment
For Sale
$1,050,000
Pending
1145 Fteley Ave The, Bronx, NY 10472
Four-family property in the Bronx with income potential.
Property Size3,200 SF
Lot Size0.06 Acres
Days on Market110
Property Features for 1145 Fteley Ave The
General Information
Standard status
Pending
Size
3,200 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$15,972
Building Details
Building Size
3,200 SF
Year Built
1927
Units
4
Listing Agency:
Weichert Realtors Legacy Group
(347) 739-4122
Listed By:
Maria Porco Rosa
(347) 739-4122
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 11 at 11:50AM
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 Weichert Realtors Legacy Group
Investment Insights
Based on property information with market context.
Located in the Soundview neighborhood of the Bronx, this four-family semi-detached brick building features a stone front facade. The building is situated on a 26.33 x 100 lot, with a dwelling size of 20 x 80. The first floor contains a one-bedroom, one-bathroom unit at the front and a two-bedroom, one-bathroom unit at the rear. The second floor mirrors this layout, with a two-bedroom, one-bathroom unit in the front and a one-bedroom, one-bathroom unit in the back. The full basement provides an additional 1600 square feet of finished space and includes a private entry. The property is conveniently located near the #6 Parkchester station stop and multiple bus lines, including the BX39, BX36, BX27, BX5, BX4, and BX22. It also offers easy access to the Bruckner Expressway, Bronx River Parkway, and the Cross Bronx Expressway. The property is currently fully tenant occupied, with present rents totaling approximately $61,200.00 annually and present expenses approximately $25,975.00 annually.
Key Highlights
- High Transit Score (90): Rider's Paradise, close to multiple bus lines and the #6 subway line.
- Four‑family semi‑detached brick building with stone front facade.
- Finished basement with private entry adds 1600 sq ft of usable 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
$40,643
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
3.87%
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%
$812,860
$812.9K
Cap Rate 7%
$580,614
$580.6K
Cap Rate 9%
$451,589
$451.6K
Market Conditions
NOI Build-Up for 1,600 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
$61.4K $38.40/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$58.1K $36.29/SF
− OpEx
−$17.4K −$10.89/SF
NOI
$40.6K $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%
$812,860
Cap Rate 7%
$580,614
Cap Rate 9%
$451,589
Alternative Uses
Best Use
Multifamily LT 5
$580.6K
$508.0K – $677.4K
NOI $40,643 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$525.8K
$460.1K – $613.4K
NOI $36,806 @ 7.0% cap · market cap 3.51%
Theoretical Best
Warehouse
$1.11M
$970.1K – $1.29M
NOI $77,608 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,585
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family property in the Bronx with income potential.
Where is this quadplex located?
The property is located at 1145 Fteley 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: High Transit Score (90): Rider's Paradise, close to multiple bus lines and the #6 subway line.; Four‑family semi‑detached brick building with stone front facade.; Finished basement with private entry adds 1600 sq ft of usable space.
