Legal Four Family Bronx
For Sale
$1,599,000
1715 Saint Peters Ave The, Bronx, NY 10461
Seven bedrooms, six bathrooms, plus five basement rooms.
Property Size3,616 SF
Days on Market114
Property Features for 1715 Saint Peters Ave The
General Information
Standard status
Active
Size
3,616 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$18,038
Building Details
Building Size
3,616 SF
Year Built
1926
Units
4
Listing Agency:
Island Advantage Realty, LLC
(347) 465-3220
Listed By:
Kamruz Z. Baccu · License #40BA1029231
(347) 465-3220
Source:
Elliman
Added: Apr 24
Changed: Aug 12
Last Checked: Aug 15 at 6:54AM
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 Island Advantage Realty, LLC
Investment Insights
Based on property information with market context.
This legal four-family property features seven bedrooms and six full bathrooms, along with five additional rooms in the basement. The building has four new boilers and four gas meters. A shared driveway is included. The location is within walking distance of schools, supermarkets, the Subway 6 Train, bus lines, and places of worship. The bike score is 88, indicating it is very bikeable. The walk score is 89, indicating it is very walkable. The transit score is 92, indicating it is a rider's paradise.
Key Highlights
- Excellent Transit Score (92): Rider's Paradise with exceptional public transportation.
- Legal 4‑Family Dwelling: Ideal for investors or multi‑generational living.
- High Walk Score (89): Very Walkable, enjoy convenient access to amenities.
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
$91,852
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
5.74%
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%
$1,837,040
$1.8M
Cap Rate 7%
$1,312,171
$1.3M
Cap Rate 9%
$1,020,578
$1.0M
Market Conditions
NOI Build-Up for 3,616 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
$138.9K $38.40/SF
− Vacancy
−$7.6K −$2.11/SF
EGI
$131.2K $36.29/SF
− OpEx
−$39.4K −$10.89/SF
NOI
$91.9K $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%
$1,837,040
Cap Rate 7%
$1,312,171
Cap Rate 9%
$1,020,578
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,852 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,181 @ 7.0% cap · market cap 5.20%
Theoretical Best
Warehouse
$2.51M
$2.19M – $2.92M
NOI $175,394 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,262
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
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 - Seven bedrooms, six bathrooms, plus five basement rooms.
Where is this quadplex located?
The property is located at 1715 Saint Peters Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Excellent Transit Score (92): Rider's Paradise with exceptional public transportation.; Legal 4‑Family Dwelling: Ideal for investors or multi‑generational living.; High Walk Score (89): Very Walkable, enjoy convenient access to amenities.
