Brick Corner Quadplex with Side
For Sale
$1,250,000
1225 Hollywood Ave The, Bronx, NY 10461
Detached brick quadplex with four renovated units, a full basement with separate entrance, and side lot parking.
Property Size2,832 SF
Days on Market41
Property Features for 1225 Hollywood Ave The
General Information
Standard status
Active
Size
2,832 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,500
Building Details
Building Size
2,832 SF
Year Built
1925
Units
4
Listing Agency:
Morrs Park Realty
(718) 881-1923
Listed By:
Christopher M. Amelio
(718) 881-1923
Source:
Elliman
Added: Jul 12
Changed: Aug 14
Last Checked: Aug 21 at 10:51AM
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 Morrs Park Realty
Investment Insights
Based on property information with market context.
This brick corner detached quadplex is set on a 55x70 lot and includes four updated apartments plus a full basement with a separate entrance. The unit mix features two 2-bedroom apartments and two 1-bedroom apartments. Improvements listed include a brand new roof, hot water heater, and boiler.
An additional 30x60 side lot provides on-site parking for up to eight cars, supporting off-street parking for residents.
Located in the Bronx near major highways, public transportation, and shopping, the property is being marketed with existing tenants reportedly interested in staying, along with a rent roll described as robust in the seller’s remarks.
An additional 30x60 side lot provides on-site parking for up to eight cars, supporting off-street parking for residents.
Located in the Bronx near major highways, public transportation, and shopping, the property is being marketed with existing tenants reportedly interested in staying, along with a rent roll described as robust in the seller’s remarks.
Key Highlights
- Detached brick corner property built in 1925, sitting on a 55x70 lot
- Quadplex with four renovated units: two 2‑bedroom apartments and two 1‑bedroom apartments
- Full basement with a separate entrance
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
$71,937
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
5.75%
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%
$1,438,740
$1.4M
Cap Rate 7%
$1,027,671
$1.0M
Cap Rate 9%
$799,300
$799.3K
Market Conditions
NOI Build-Up for 2,832 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
$108.7K $38.40/SF
− Vacancy
−$6.0K −$2.11/SF
EGI
$102.8K $36.29/SF
− OpEx
−$30.8K −$10.89/SF
NOI
$71.9K $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%
$1,438,740
Cap Rate 7%
$1,027,671
Cap Rate 9%
$799,300
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.2K – $1.20M
NOI $71,937 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$930.7K
$814.3K – $1.09M
NOI $65,146 @ 7.0% cap · market cap 5.21%
Theoretical Best
Warehouse
$1.96M
$1.72M – $2.29M
NOI $137,366 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
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 - Detached brick quadplex with four renovated units, a full basement with separate entrance, and side lot parking.
Where is this quadplex located?
The property is located at 1225 Hollywood Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Detached brick corner property built in 1925, sitting on a 55x70 lot; Quadplex with four renovated units: two 2‑bedroom apartments and two 1‑bedroom apartments; Full basement with a separate entrance
