Bronx Four-Family
For Sale
$1,180,000
Pending
1244 Stratford Ave The, Bronx, NY 10472
Four-family property in the Bronx near transportation and amenities.
Property Size3,321 SF
Lot Size0.06 Acres
Days on Market217
Property Features for 1244 Stratford Ave The
General Information
Standard status
Pending
Size
3,321 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$15,903
Building Details
Building Size
3,321 SF
Year Built
1927
Units
4
Listing Agency:
P R O Links Realty Inc
Listed By:
Weilian Jo
(718) 487-9992
Source:
Elliman
Added: Mar 11
Changed: Oct 13
Last Checked: Oct 12 at 7:48PM
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 P R O Links Realty Inc
Investment Insights
Based on property information with market context.
This four-family property is located in the heart of the Bronx. The building includes a fully finished basement. It is conveniently located within walking distance of a subway station, bus stops, stores, and a supermarket.
Key Highlights
- Four‑family property, ideal for investors or multi‑generational living.
- Fully finished basement, offering additional living or storage space.
- Convenient access to transportation with a short walk to the Subway station.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,359
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,687,180
$1.7M
Cap Rate 7%
$1,205,129
$1.2M
Cap Rate 9%
$937,322
$937.3K
Market Conditions
NOI Build-Up for 3,321 SF
Gross rent
$127.5K $38.40/SF
− Vacancy
−$7.0K −$2.11/SF
EGI
$120.5K $36.29/SF
− OpEx
−$36.2K −$10.89/SF
NOI
$84.4K $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%
$1,687,180
Cap Rate 7%
$1,205,129
Cap Rate 9%
$937,322
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.05M – $1.41M
NOI $84,359 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$1.09M
$954.9K – $1.27M
NOI $76,395 @ 7.0% cap · market cap 6.47%
Theoretical Best
Warehouse
$2.30M
$2.01M – $2.68M
NOI $161,085 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,604
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family property in the Bronx near transportation and amenities.
Where is this quadplex located?
The property is located at 1244 Stratford Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Four‑family property, ideal for investors or multi‑generational living.; Fully finished basement, offering additional living or storage space.; Convenient access to transportation with a short walk to the Subway station.
