6-Unit Apartment Building With
For Sale
$1,999,999
2466-2468 Beaumont Avenue, Bronx, NY 10458
Brick multifamily property with attached mixed-use retail space, R-6 zoning, and access to public transportation.
Property Size8,170 SF
Price / SF$244.80
Days on Market1513
Property Features for 2466-2468 Beaumont Avenue
General Information
Standard status
Active
Size
8,170 SF
Property subtype
Multi Family
Zoning
R-6
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$17,973
Amenities
No, No, On Street
Finished, Full
Mid-Rise, Near Public Transportation, Park, Public
8170
21
No Common Walls
Square Feet
Near Public Transportation
Public Maintained Road
No
Brick
On Street, Park, Near Public Transportation, Near Public Transit
Building Details
Year Built
1912
Construction
brick
Listing Agency:
Keller Williams Rty Gold Coast
(516) 482-0200
Listed By:
Nneka Smith · License #10401284346
(516) 482-0200
Source:
Compass
Added: Jul 11, 2022
Changed: Aug 31
Last Checked: Aug 31 at 12:07AM
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 Keller Williams Rty Gold Coast
Investment Insights
Based on property information with market context.
This 8,170-square-foot, six-family brick apartment building includes attached mixed-use retail space and is offered in as-is condition. Constructed in 1912, the property is zoned R-6 and can be delivered vacant. The existing improvements provide a substantial base for an architect-led renovation or expansion, subject to applicable approvals and verification.
The property is near Fordham University, the Bronx Zoo, Arthur Avenue shopping, restaurants, and the Bronx River Parkway. Public transportation access includes the D, 4, and 5 trains as well as multiple bus routes, connecting the area with Manhattan and surrounding Bronx destinations. The site is served by a public-maintained road and has nearby street parking and park access.
The property is near Fordham University, the Bronx Zoo, Arthur Avenue shopping, restaurants, and the Bronx River Parkway. Public transportation access includes the D, 4, and 5 trains as well as multiple bus routes, connecting the area with Manhattan and surrounding Bronx destinations. The site is served by a public-maintained road and has nearby street parking and park access.
Key Highlights
- 8,170‑square‑foot six‑family brick apartment building
- Attached mixed‑use retail space included
- R‑6 zoning
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
$171,982
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
8.60%
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%
$3,439,640
$3.4M
Cap Rate 7%
$2,456,886
$2.5M
Cap Rate 9%
$1,910,911
$1.9M
Market Conditions
NOI Build-Up for 8,170 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
$274.5K $33.60/SF
− Vacancy
−$28.8K −$3.53/SF
EGI
$245.7K $30.07/SF
− OpEx
−$73.7K −$9.02/SF
NOI
$172.0K $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%
$3,439,640
Cap Rate 7%
$2,456,886
Cap Rate 9%
$1,910,911
Alternative Uses
Best Use
Apartment 5plus
$2.68M
$2.35M – $3.13M
NOI $187,940 @ 7.0% cap · market cap 9.40%
Second Best
Retail
$2.46M
$2.15M – $2.87M
NOI $171,982 @ 7.0% cap · market cap 8.60%
Theoretical Best
Warehouse
$5.66M
$4.95M – $6.60M
NOI $396,287 @ 7.0% cap · market cap 19.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with attached mixed-use retail space, R-6 zoning, and access to public transportation.
Where is this apartment building located?
The property is located at 2466-2468 Beaumont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 8,170‑square‑foot six‑family brick apartment building; Attached mixed‑use retail space included; R‑6 zoning
