4-Unit Brick
1581 Hollywood Avenue, Bronx, NY 10461
For Sale
$1,299,999
Delivered vacant, the property combines four apartments with an oversized garage, loft space, and parking.
Property Size2,100 SF
Lot Size0.07 Acres
Price / SF$619.05
Days on Market69
Property Features for 1581 Hollywood Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garage with loft
backyard
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
Dobbs Realty Corporation
(646) 584-7751
Listed By:
Jeremy Dobbs
(845) 709-9324
Source:
Clairedleone
Added: Sep 1
Changed: Nov 7
Last Checked: Nov 7 at 12:48PM
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 Dobbs Realty Corporation
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Investment Insights
Based on property information with market context.
This 1972 brick quadplex contains approximately 2,100 square feet of living space on a 3,156-square-foot lot. Its four apartments comprise one 3-bedroom unit, one 2-bedroom unit, one 1-bedroom unit, and a studio. The property will be delivered vacant. An oversized garage with a loft and a backyard parking area provide space for approximately five cars in total. The lot is zoned R4A; permitted uses and development potential should be independently verified.
Middletown Road and Buhre Avenue stations on the 6 train are within walking distance. Pelham Bay Park and neighborhood shops and restaurants along Crosby Avenue are nearby, with access to the Hutchinson River Parkway for drivers.
Middletown Road and Buhre Avenue stations on the 6 train are within walking distance. Pelham Bay Park and neighborhood shops and restaurants along Crosby Avenue are nearby, with access to the Hutchinson River Parkway for drivers.
Key Highlights
- Four apartments: 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio
- Approximately 2,100 square feet of living space on a 3,156‑square‑foot lot
- Vacant delivery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,343
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$80.6K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.2K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.3K $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 Rate 5%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$690.1K
$603.9K – $805.1K
NOI $48,308 @ 7.0% cap · market cap 3.72%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,861 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Bronx, NY
Properties on Market for Quadplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Delivered vacant, the property combines four apartments with an oversized garage, loft space, and parking.
Where is this quadplex located?
The property is located at 1581 Hollywood Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Four apartments: 3‑bedroom, 2‑bedroom, 1‑bedroom, and studio; Approximately 2,100 square feet of living space on a 3,156‑square‑foot lot; Vacant delivery
