Renovated Four-Unit Brick
For Sale
$1,250,000
Pending
1457 Rosedale Ave The, Bronx, NY 10460
Four apartments combine updated building systems, hardwood flooring, finished basement space, and convenient on-site parking.
Property Size3,358 SF
Days on Market127
Property Features for 1457 Rosedale Ave The
General Information
Standard status
Pending
Size
3,358 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
2 x 3BR/1BA, 2 x 1BR
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,242
Building Details
Building Size
3,358 SF
Year Built
2013
Buildings
1
Units
4
Construction
brick
Listing Agency:
Keller Williams Realty NYC Group
(914) 575-1742
Listed By:
Annerys Escarraman
(914) 575-1742
Source:
Elliman
Added: Apr 28
Changed: Aug 31
Last Checked: Aug 31 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 Keller Williams Realty NYC Group
Investment Insights
Based on property information with market context.
This four-unit brick quadplex contains two three-bedroom apartments and two renovated one-bedroom apartments, totaling 8 bedrooms. Interior features include hardwood flooring throughout the apartments, open kitchen layouts, and open-concept designs in the renovated one-bedroom units. Plumbing and electrical systems have been updated, while a finished basement adds substantial supplementary space. On-site parking accommodates three cars.
The property is located at 1457 Rosedale Ave in The Bronx, NY 10460. WalkScore is 84, indicating a Very Walkable setting, while TransitScore is 100, classified as Rider's Paradise. BikeScore is 64, or Bikeable. A 421A tax abatement is scheduled to expire 6/30/2030.
The property is located at 1457 Rosedale Ave in The Bronx, NY 10460. WalkScore is 84, indicating a Very Walkable setting, while TransitScore is 100, classified as Rider's Paradise. BikeScore is 64, or Bikeable. A 421A tax abatement is scheduled to expire 6/30/2030.
Key Highlights
- Four‑unit quadplex with 8 bedrooms across two three‑bedroom and two one‑bedroom apartments
- Two one‑bedroom apartments have been fully renovated with open‑concept layouts and hardwood floors
- Updated plumbing and electrical systems
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
$85,299
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
6.82%
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%
$1,705,980
$1.7M
Cap Rate 7%
$1,218,557
$1.2M
Cap Rate 9%
$947,767
$947.8K
Market Conditions
NOI Build-Up for 3,358 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
$128.9K $38.40/SF
− Vacancy
−$7.1K −$2.11/SF
EGI
$121.9K $36.29/SF
− OpEx
−$36.6K −$10.89/SF
NOI
$85.3K $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%
$1,705,980
Cap Rate 7%
$1,218,557
Cap Rate 9%
$947,767
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,299 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$1.10M
$965.6K – $1.29M
NOI $77,246 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.71M
NOI $162,880 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
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 - Four apartments combine updated building systems, hardwood flooring, finished basement space, and convenient on-site parking.
Where is this quadplex located?
The property is located at 1457 Rosedale Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit quadplex with 8 bedrooms across two three‑bedroom and two one‑bedroom apartments; Two one‑bedroom apartments have been fully renovated with open‑concept layouts and hardwood floors; Updated plumbing and electrical systems
