Large Commercial Property in
For Sale
$2,500,000
Pending
1074 Hall Pl The, Bronx, NY 10459
Four-story commercial property with open space and tire shop.
Property Size8,280 SF
Days on Market148
Property Features for 1074 Hall Pl The
General Information
Standard status
Pending
Size
8,280 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$27,149
Building Details
Building Size
8,280 SF
Stories
3
Units
4
Listed By:
James Price
(917) 418-6539
Source:
Elliman
Added: Apr 24
Changed: Sep 10
Last Checked: Sep 16 at 5:30PM
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 James Price
Investment Insights
Based on property information with market context.
The commercial property at 1074 Hall Place, also known as 1077 Intervale Ave, features four floors with over 8000 square feet of open space. The property includes a spacious tire shop. Zoned R7, this building presents opportunities for investors and developers. The location has a bike score of 78, indicating it is very bikeable. The walk score is 92, designating it as a walker's paradise, and the transit score is 100, classifying it as a rider's paradise. The property uses oil for above-ground heating.
Key Highlights
- Rider's Paradise: Transit Score of 100 indicates exceptional public transportation access.
- Walker's Paradise: Walk Score of 92 suggests most errands can be accomplished on foot.
- Substantial Size: Over 8000 sq ft of open space across 4 floors.
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
$168,403
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
6.74%
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%
$3,368,060
$3.4M
Cap Rate 7%
$2,405,757
$2.4M
Cap Rate 9%
$1,871,144
$1.9M
Market Conditions
NOI Build-Up for 8,000 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
$268.8K $33.60/SF
− Vacancy
−$28.2K −$3.53/SF
EGI
$240.6K $30.07/SF
− OpEx
−$72.2K −$9.02/SF
NOI
$168.4K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /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%
$3,368,060
Cap Rate 7%
$2,405,757
Cap Rate 9%
$1,871,144
Alternative Uses
Best Use
Industrial
$4.57M
$3.99M – $5.33M
NOI $319,563 @ 7.0% cap · market cap 12.78%
Second Best
Retail
$2.41M
$2.11M – $2.81M
NOI $168,403 @ 7.0% cap · market cap 6.74%
Theoretical Best
Warehouse
$5.54M
$4.85M – $6.47M
NOI $388,041 @ 7.0% cap · market cap 15.52%
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
4,803
Businesses Nearby
191k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 26%
Groceries 22%
Electronics 6%
Western Beef
Groceries
23,969 visits/mo
0.1 miles
White Castle
Dining
21,075 visits/mo
0.3 miles
Chase Bank
Shops & Services
19,865 visits/mo
0.3 miles
BP
Shops & Services
17,603 visits/mo
0.3 miles
BP
Shops & Services
16,221 visits/mo
0.5 miles
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Four-story commercial property with open space and tire shop.
Where is this auto shop located?
The property is located at 1074 Hall Pl The Bronx, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Rider's Paradise: Transit Score of 100 indicates exceptional public transportation access.; Walker's Paradise: Walk Score of 92 suggests most errands can be accomplished on foot.; Substantial Size: Over 8000 sq ft of open space across 4 floors.
