Detached Brick Quadplex with Ground-Floor
For Sale
$2,600,000
1406 White Plains Road, Bronx, NY 10462
MULTI_FAMILY - Bronx, NY
Property Size4,150 SF
Lot Size0.05 Acres
Price / SF$626.51
Days on Market199
Property Features for 1406 White Plains Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Parking features
Garage
Fencing
Chain Link
Elementary school
Ps 536
Middle school
Bronx Latin School
High school
Fannie Lou Hamer Freedom Hs
Elementary school district
Bronx 12
Middle school district
Bronx 12
High school district
Bronx 12
Directions
www.google.com
Standard status
Active
APN
03937-0044
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16518
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Number of units
5
Flooring type
Combination, Tile, Hardwood
Building materials
Brick
Listing Agency:
Exit Realty Premium
(718) 829-2300
Listed By:
Anthony A. Domathoti
(646) 696-1563
Added: Jan 27
Changed: Aug 3
Last Checked: Aug 14 at 11:06AM
MLS# 955648
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached brick mixed-use building with R6 zoning featuring paying tenants. The property includes four residential units plus one ground-floor commercial retail store. Residential mix consists of two 3-bedroom apartments and two 1-bedroom apartments. The ground-floor unit provides retail space within the same structure.
The building is located on White Plains Road near Hugh J. Grant Circle and Parkchester, with access to the 6 Train. Gross floor area is approximately 4,150 SF, and the lot size is 0.0466 acres.
Built in 1920, the building has electric heating and electric cooling, with hardwood and tile flooring throughout (combination flooring is noted). Parking is provided via a garage, and the exterior includes chain link fencing. A brand new fire escape stair has been added. Public water and public sewer services are in place.
The building is located on White Plains Road near Hugh J. Grant Circle and Parkchester, with access to the 6 Train. Gross floor area is approximately 4,150 SF, and the lot size is 0.0466 acres.
Built in 1920, the building has electric heating and electric cooling, with hardwood and tile flooring throughout (combination flooring is noted). Parking is provided via a garage, and the exterior includes chain link fencing. A brand new fire escape stair has been added. Public water and public sewer services are in place.
Key Highlights
- R6 zoning detached brick quadplex with four residential units and one ground‑floor commercial retail store
- Pays residential and commercial tenants with two 3‑bedroom and two 1‑bedroom apartments
- Gross floor area approx. 4,150 SF on 0.0466‑acre lot
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
$100,773
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
3.88%
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%
$2,015,460
$2.0M
Cap Rate 7%
$1,439,614
$1.4M
Cap Rate 9%
$1,119,700
$1.1M
Market Conditions
NOI Build-Up for 4,150 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
$151.9K $36.60/SF
− Vacancy
−$7.9K −$1.91/SF
EGI
$144.0K $34.69/SF
− OpEx
−$43.2K −$10.41/SF
NOI
$100.8K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /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%
$2,015,460
Cap Rate 7%
$1,439,614
Cap Rate 9%
$1,119,700
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,773 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,816 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,611 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,425
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
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?
Quadplex - Detached brick mixed-use building with R6 zoning, four residential units, and one ground-floor commercial store with paying tenants.
Where is this quadplex located?
The property is located at 1406 White Plains Road Bronx, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: R6 zoning detached brick quadplex with four residential units and one ground‑floor commercial retail store; Pays residential and commercial tenants with two 3‑bedroom and two 1‑bedroom apartments; Gross floor area approx. 4,150 SF on 0.0466‑acre lot
