Building Details

Building Size 2,832 SF

Year Built 1925

Units 4

Listing Agency: Morrs Park Realty

Listed By: Christopher M. Amelio Show Phone

Source: Elliman

Added: Jul 12 Changed: Oct 1 Last Checked: Oct 5 at 7:34PM

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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.

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 / Yr

$71,937

Cap Rate

6.00%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $71,937 @ 7.0% cap · market cap 6.00%

Second Best

Apartment 5plus

$930.7K

$814.3K – $1.09M (±1% cap)

NOI $65,146 @ 7.0% cap · market cap 5.43%

Theoretical Best

Warehouse

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,366 @ 7.0% cap · market cap 11.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Clothing & Fashion Store Cafe & Coffee Shop Auto Parts Store (Bike/Boat/Book/etc) Store

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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 $1,199,000.

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