Three-Unit Brick
For Sale
$1,125,000
1418 Fteley Ave The, Bronx, NY 10472
Separate entrances and utility meters support privacy across the residential layout.
Property Size3,628 SF
Days on Market9
Property Features for 1418 Fteley Ave The
General Information
Standard status
Active
Size
3,628 SF
Total Parking Spaces
4
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,360
Building Details
Building Size
3,628 SF
Year Built
1920
Buildings
1
Units
3
Construction
brick
Listed By:
Alexa Brito
(347) 723-2171
Source:
Elliman
Added: Sep 19
Last Checked: Sep 26 at 10:30AM
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 Alexa Brito
Investment Insights
Based on property information with market context.
Built in 1920, this brick triplex contains three residential units, each with its own entrance and utility meter. The property includes a two-car garage and parking for two additional vehicles. A roof and boiler installed less than two years ago are among the recent improvements, and the home will be delivered vacant.
Located at 1418 Fteley Ave in The Bronx, the property offers access to bus, train, and ferry service, with shopping, dining, parks, and major highways nearby. WalkScore is 78, TransitScore is 80, and BikeScore is 58. The three-unit configuration provides separate residential spaces within one building, with convenient transportation access serving the surrounding area.
Located at 1418 Fteley Ave in The Bronx, the property offers access to bus, train, and ferry service, with shopping, dining, parks, and major highways nearby. WalkScore is 78, TransitScore is 80, and BikeScore is 58. The three-unit configuration provides separate residential spaces within one building, with convenient transportation access serving the surrounding area.
Key Highlights
- Three residential units with private entrances
- Individual utility meters for all three units
- Roof and boiler are less than two years old
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
$92,157
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
8.19%
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%
$1,843,140
$1.8M
Cap Rate 7%
$1,316,529
$1.3M
Cap Rate 9%
$1,023,967
$1.0M
Market Conditions
NOI Build-Up for 3,628 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
$139.3K $38.40/SF
− Vacancy
−$7.7K −$2.11/SF
EGI
$131.7K $36.29/SF
− OpEx
−$39.5K −$10.89/SF
NOI
$92.2K $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%
$1,843,140
Cap Rate 7%
$1,316,529
Cap Rate 9%
$1,023,967
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,157 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,457 @ 7.0% cap · market cap 7.42%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,976 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for 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?
Triplex - Separate entrances and utility meters support privacy across the residential layout.
Where is this triplex located?
The property is located at 1418 Fteley Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three residential units with private entrances; Individual utility meters for all three units; Roof and boiler are less than two years old
