Bronx Mixed-Use Investment
798 East 161st Street Bronx, NY 10456
798 East 161st Street, Bronx, NY, 10456
$929,000
For Sale
$929,000
Three residential units plus a commercial space in high-demand location.
Property Size3,480 SF
Price / SF$266.95
Days on Market1200
Property Features for 798 East 161st Street
General Information
- Standard status
- Active
- Size
- 3,480 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency
YourHomeSold Guaranteed Realty
(718) 684-2400
Listed by
Arif Baksh · License #10301207975
(718) 684-2400
Source
Compass
Added: Apr 5, 2023 Checked: Jul 17 at 5:02 am
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This mixed-use property is located in a high-demand area of the Bronx. The building features three residential units and a street-level commercial space, providing multiple income streams. Each unit has separate meters. Recent updates include roofing and electrical systems. The ground-floor retail space benefits from high visibility and foot traffic in a bustling area. The property size is 3480 square feet.
Key Highlights
- Mixed‑use property with 3 residential units and a commercial space generates multiple income streams.
- High‑demand Bronx location with strong foot traffic offers stability and appreciation potential.
- Separately metered units maximize ease of management and ROI.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.6k | $45.00 |
| − Vacancy | −$8.6k | −$2.48 |
| EGI | $148.0k | $42.53 |
| − OpEx | −$66.6k | −$19.14 |
| NOI | $81.4k | $23.39 |
3,480 SF · lease $45.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,268 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,393 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,276 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three residential units plus a commercial space in high-demand location.
Where is this mixed-use property located?
The property is located at 798 East 161st Street Bronx, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Mixed‑use property with 3 residential units and a commercial space generates multiple income streams.; High‑demand Bronx location with strong foot traffic offers stability and appreciation potential.; Separately metered units maximize ease of management and ROI.
