Brick Multifamily Property with
For Sale
$1,375,000
1482 Stadium Avenue, Bronx, NY 10465
Multi-level layout includes two apartments, additional living areas, private outdoor space, and a two-car garage.
Property Size2,900 SF
Days on Market43
Property Features for 1482 Stadium Avenue
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,266
Amenities
private terrace
washer dryer hookup
backyard
Building Details
Building Size
2,900 SF
Year Built
1965
Units
2
Construction
brick
Listing Agency:
Charles Rutenberg Realty, Inc.
(917) 595-6546
Listed By:
Laura Guarascio
(917) 595-6546
Source:
Mydreamhomerealty
Added: Jul 19
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
This 1965 brick multifamily property is arranged across multiple levels, with two 3-bedroom, 1-bathroom apartments on the second and third floors. Both apartments include dedicated dining areas, while the second floor has a private terrace. The ground level is configured with a 1-bedroom area, recreational space, and an eat-in summer kitchen renovated within the last 3 years. A walkout basement adds two large rooms with high ceilings, another washer and dryer hookup, and direct yard access. Natural wood and tile flooring run throughout the property, which measures 22x50.
Exterior features include a two-car garage, a double private driveway, and a sizeable backyard accessible to all units. The property is located in the Country Club section of the Bronx, near Pelham Bay Park, Orchard Beach, City Island, restaurants, shopping, medical facilities, highways, and public transportation. It is being offered strictly as-is.
Exterior features include a two-car garage, a double private driveway, and a sizeable backyard accessible to all units. The property is located in the Country Club section of the Bronx, near Pelham Bay Park, Orchard Beach, City Island, restaurants, shopping, medical facilities, highways, and public transportation. It is being offered strictly as-is.
Key Highlights
- Two 3‑bedroom, 1‑bathroom apartments occupy the second and third floors
- Ground level includes a 1‑bedroom area, recreational space, and eat‑in summer kitchen renovated within the last 3 years
- Walkout basement has two large rooms with high ceilings and direct yard access
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
$73,665
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
5.36%
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%
$1,473,300
$1.5M
Cap Rate 7%
$1,052,357
$1.1M
Cap Rate 9%
$818,500
$818.5K
Market Conditions
NOI Build-Up for 2,900 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
$111.4K $38.40/SF
− Vacancy
−$6.1K −$2.11/SF
EGI
$105.2K $36.29/SF
− OpEx
−$31.6K −$10.89/SF
NOI
$73.7K $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%
$1,473,300
Cap Rate 7%
$1,052,357
Cap Rate 9%
$818,500
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.8K – $1.23M
NOI $73,665 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$953.0K
$833.9K – $1.11M
NOI $66,711 @ 7.0% cap · market cap 4.85%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,665 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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?
Multifamily property - Multi-level layout includes two apartments, additional living areas, private outdoor space, and a two-car garage.
Where is this multifamily property located?
The property is located at 1482 Stadium Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom apartments occupy the second and third floors; Ground level includes a 1‑bedroom area, recreational space, and eat‑in summer kitchen renovated within the last 3 years; Walkout basement has two large rooms with high ceilings and direct yard access
