Four-Unit Multifamily
New
For Sale
$1,500,000
1618 Taylor Avenue, Bronx, NY 10460
All apartments are occupied, with a mix of two- and three-bedroom layouts.
Property Size3,080 SF
Lot Size0.05 Acres
Price / SF$487.01
Days on Market5
Property Features for 1618 Taylor Avenue
General Information
Standard status
Active
Size
3,080 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Occupancy
100%
Financials
Asking Price
$1,500,000
Gross Income
$172,546
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,192
Amenities
Central Air
Natural Gas
Unfinished
High Ceilings
No Garage, None
Building Details
Building Size
3,080 SF
Year Built
1927
Listing Agency:
HomeSmart Homes and Estates
Listed By:
Abel Rodriguez · License #10401316521
(347) 596-1460
Source:
Evrealestate
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 7:19PM
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 HomeSmart Homes and Estates
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 1618 Taylor Ave in The Bronx contains approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Built in 1927, the building has a mix of two- and three-bedroom apartments, and all four units are occupied. Rental arrangements are supported in whole or in part by government subsidy programs or agency and organizational leases, subject to verification.
The property has a Walk Score of 92, a Transit Score of 87, and a Bike Score of 71.
The property has a Walk Score of 92, a Transit Score of 87, and a Bike Score of 71.
Key Highlights
- Four apartments, all occupied
- Approximately 3,080 square feet of gross building area on a 2,375‑square‑foot lot
- Apartment mix includes two- and three‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,237
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,740
$1.6M
Cap Rate 7%
$1,117,671
$1.1M
Cap Rate 9%
$869,300
$869.3K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$118.3K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.8K $36.29/SF
− OpEx
−$33.5K −$10.89/SF
NOI
$78.2K $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 Rate 5%
$1,564,740
Cap Rate 7%
$1,117,671
Cap Rate 9%
$869,300
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.0K – $1.30M
NOI $78,237 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$1.01M
$885.6K – $1.18M
NOI $70,851 @ 7.0% cap · market cap 4.72%
Theoretical Best
Warehouse
$2.13M
$1.87M – $2.49M
NOI $149,396 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,048
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
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?
Quadplex - All apartments are occupied, with a mix of two- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 1618 Taylor Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four apartments, all occupied; Approximately 3,080 square feet of gross building area on a 2,375‑square‑foot lot; Apartment mix includes two- and three‑bedroom layouts
