Brick Stucco Multifamily with Bonus
For Sale
$1,799,900
204 W 260th St The, Bronx, NY 10471
Bi-level building with three apartments, two ground-level bonus areas, and hardwood floors plus updated appliances in some units.
Property Size2,636 SF
Lot Size0.11 Acres
Price / SF$449.98
Days on Market28
Property Features for 204 W 260th St The
General Information
Standard status
Active
Size
2,636 SF
Lot size
0.11 Acres
Property subtype
Investment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,322
Amenities
hardwood floors
updated appliances
Building Details
Building Size
2,636 SF
Year Built
1920
Units
3
Construction
brick and stucco
Tenancy
Multi
Listing Agency:
RE/MAX In The City
(917) 637-0161
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Elliman
Added: Jul 28
Changed: Aug 10
Last Checked: Aug 24 at 9:09AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
Brick and stucco bi-level multi-family property featuring three distinct, fully functional apartments. The layout includes eight bedrooms and five bathrooms, with hardwood floors throughout and updated appliances in some units. In addition to the apartments, there are two ground-level bonus areas that can support owner use, a home office, or extra tenant storage. The property also includes four separate electric meters to help facilitate tenant billing and natural gas heating.
Parking is available behind the property for multiple vehicles, along with convenient street parking. The home is described as being a short distance from local and express Manhattan buses and major highways, and it is minutes from Van Cortlandt Park amenities and nearby shopping and dining along Mosholu Avenue, with Manhattan University and Bronx School District 10 also noted in the area.
Parking is available behind the property for multiple vehicles, along with convenient street parking. The home is described as being a short distance from local and express Manhattan buses and major highways, and it is minutes from Van Cortlandt Park amenities and nearby shopping and dining along Mosholu Avenue, with Manhattan University and Bronx School District 10 also noted in the area.
Key Highlights
- Brick and stucco multi‑family built in 1920 with approx. 4,000 SF on a 50x100 lot.
- Bi‑level setup with 3 distinct fully functional apartments plus 2 ground‑level bonus areas.
- Total layout includes 8 bedrooms and 5 bathrooms divided across the 3 apartments.
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
$101,606
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
5.65%
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%
$2,032,120
$2.0M
Cap Rate 7%
$1,451,514
$1.5M
Cap Rate 9%
$1,128,956
$1.1M
Market Conditions
NOI Build-Up for 4,000 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
$153.6K $38.40/SF
− Vacancy
−$8.4K −$2.11/SF
EGI
$145.2K $36.29/SF
− OpEx
−$43.5K −$10.89/SF
NOI
$101.6K $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 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%
$2,032,120
Cap Rate 7%
$1,451,514
Cap Rate 9%
$1,128,956
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,606 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,015 @ 7.0% cap · market cap 5.11%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,020 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
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 - Bi-level building with three apartments, two ground-level bonus areas, and hardwood floors plus updated appliances in some units.
Where is this triplex located?
The property is located at 204 W 260th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Brick and stucco multi‑family built in 1920 with approx. 4,000 SF on a 50x100 lot.; Bi‑level setup with 3 distinct fully functional apartments plus 2 ground‑level bonus areas.; Total layout includes 8 bedrooms and 5 bathrooms divided across the 3 apartments.
