Three-Family Brick Building in
For Sale
$1,100,000
Pending
1011 Boston Rd The, Bronx, NY 10456
Fully occupied, three-family brick building near shops and transportation.
Property Size3,166 SF
Days on Market161
Property Features for 1011 Boston Rd The
General Information
Standard status
Pending
Size
3,166 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,529
Building Details
Building Size
3,166 SF
Year Built
2006
Units
3
Listing Agency:
Safeway Realty Corp
Listed By:
Mary D. Rodriguez
(929) 679-3761
Source:
Elliman
Added: Apr 12
Changed: Sep 17
Last Checked: Sep 19 at 9:54AM
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 Safeway Realty Corp
Investment Insights
Based on property information with market context.
This is a fully occupied, three-family, semi-detached brick building. The first floor features two bedrooms and two bathrooms. The second and third floors each offer three bedrooms and two bathrooms. The property includes a full finished basement. It is located close to shops and transportation. This investment property is in very good condition. All units are tenant-occupied. The property is being sold as is. The bike score is 79, indicating it is very bikeable. The walk score is 97, designating it as a walker's paradise. The transit score is 100, marking it as a rider's paradise.
Key Highlights
- Excellent Transit Score (100): Rider's Paradise**
- High Walk Score (97): Walker's Paradise**
- Fully Occupied 3‑Family Brick Building: Investment Opportunity
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
$82,124
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
7.47%
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%
$1,642,480
$1.6M
Cap Rate 7%
$1,173,200
$1.2M
Cap Rate 9%
$912,489
$912.5K
Market Conditions
NOI Build-Up for 3,166 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
$121.6K $38.40/SF
− Vacancy
−$4.3K −$1.34/SF
EGI
$117.3K $37.06/SF
− OpEx
−$35.2K −$11.12/SF
NOI
$82.1K $25.94/SF
Area
ZIP 10456
Vacancy
3.50%
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%
$1,642,480
Cap Rate 7%
$1,173,200
Cap Rate 9%
$912,489
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,124 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$1.06M
$925.6K – $1.23M
NOI $74,049 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,152 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 10456, NY
93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied, three-family brick building near shops and transportation.
Where is this triplex located?
The property is located at 1011 Boston Rd The Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent Transit Score (100): Rider's Paradise**; High Walk Score (97): Walker's Paradise**; Fully Occupied 3‑Family Brick Building: Investment Opportunity
