Detached Brick
New
For Sale
$1,790,000
1604 Robertson Pl The, Bronx, NY 10465
Two private-entry residences offer modern kitchens, outdoor space, and access to a finished basement.
Property Size3,726 SF
Lot Size0.40 Acres
Price / SF$331.48
Days on Market2
Property Features for 1604 Robertson Pl The
General Information
Standard status
Active
Size
3,726 SF
Lot size
0.40 Acres
Property subtype
Investment
Occupancy
78%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,614
Building Details
Building Size
3,726 SF
Year Built
2025
Year Renovated
2023
Buildings
1
Units
2
Listing Agency:
Han Tang Realty Inc.
Listed By:
Alex S. Huang
(347) 989-5882
Source:
Elliman
Added: Sep 20
Last Checked: Sep 21 at 8:14AM
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 Han Tang Realty Inc.
Investment Insights
Based on property information with market context.
Built in 2025, this detached brick duplex contains two private-entry residences designed for separate household use. Each unit includes three bedrooms, two full bathrooms, an open living and kitchen arrangement, stainless-steel appliances, and substantial closet storage. The ground-floor residence also includes a finished lookout basement with an additional full bathroom, storage area, and yard access. The upper residence features a private terrace and a two-story foyer with a transom window.
The property occupies a 50*100 double lot at 1604 Robertson Pl in The Bronx. Exterior features include a lawn and substantial on-site parking. The property is near highway access, public transportation, and Pelham Bay Park. Walk Score is 70, Transit Score is 91, and Bike Score is 62.
The property occupies a 50*100 double lot at 1604 Robertson Pl in The Bronx. Exterior features include a lawn and substantial on-site parking. The property is near highway access, public transportation, and Pelham Bay Park. Walk Score is 70, Transit Score is 91, and Bike Score is 62.
Key Highlights
- 2025‑built detached brick two‑family home
- Two residences, each with 3 bedrooms and 2 full bathrooms
- Separate entrances support privacy between the units
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
$137,169
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
7.66%
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%
$2,743,380
$2.7M
Cap Rate 7%
$1,959,557
$2.0M
Cap Rate 9%
$1,524,100
$1.5M
Market Conditions
NOI Build-Up for 5,400 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
$207.4K $38.40/SF
− Vacancy
−$11.4K −$2.11/SF
EGI
$196.0K $36.29/SF
− OpEx
−$58.8K −$10.89/SF
NOI
$137.2K $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%
$2,743,380
Cap Rate 7%
$1,959,557
Cap Rate 9%
$1,524,100
Alternative Uses
Best Use
Multifamily LT 5
$1.96M
$1.71M – $2.29M
NOI $137,169 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,220 @ 7.0% cap · market cap 6.94%
Theoretical Best
Warehouse
$3.74M
$3.27M – $4.37M
NOI $261,927 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,236
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry residences offer modern kitchens, outdoor space, and access to a finished basement.
Where is this duplex located?
The property is located at 1604 Robertson Pl The Bronx, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 2025‑built detached brick two‑family home; Two residences, each with 3 bedrooms and 2 full bathrooms; Separate entrances support privacy between the units
