Three-Family Home with Finished
For Sale
$1,050,000
1727 Hunt Avenue, Bronx, NY 10462
Three three-bedroom apartments provide flexible living arrangements and rental income potential in the Bronx.
Property Size3,150 SF
Days on Market11
Property Features for 1727 Hunt Avenue
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Triplex
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,444
Building Details
Building Size
3,150 SF
Year Built
1901
Listing Agency:
Keller Williams Realty Group
Listed By:
Kenneth V. Rabasco
(914) 844-2885
Source:
Serhant
Added: Aug 23
Changed: Sep 2
Last Checked: Sep 2 at 12:46AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Built in 1901, this triplex property contains three apartments, each arranged with three bedrooms. A fully finished walk-out basement adds usable bonus space and connects directly to the rear of the property. The configuration supports multiple occupancy and rental arrangements, including living in one apartment while leasing the others.
The property is located at 1727 Hunt Ave in the Morris Park area of the Bronx, near public transportation, schools, neighborhood shops, markets, and restaurants along White Plains Road and Morris Park Avenue. Walk Score is 92, Transit Score is 87, and Bike Score is 71, reflecting strong access to nearby services and transportation options.
The property is located at 1727 Hunt Ave in the Morris Park area of the Bronx, near public transportation, schools, neighborhood shops, markets, and restaurants along White Plains Road and Morris Park Avenue. Walk Score is 92, Transit Score is 87, and Bike Score is 71, reflecting strong access to nearby services and transportation options.
Key Highlights
- Three apartments, each with a three‑bedroom layout
- Fully finished walk‑out basement with rear access
- Built in 1901
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
$76,490
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
7.28%
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%
$1,529,800
$1.5M
Cap Rate 7%
$1,092,714
$1.1M
Cap Rate 9%
$849,889
$849.9K
Market Conditions
NOI Build-Up for 3,150 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
$115.3K $36.60/SF
− Vacancy
−$6.0K −$1.91/SF
EGI
$109.3K $34.69/SF
− OpEx
−$32.8K −$10.41/SF
NOI
$76.5K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /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%
$1,529,800
Cap Rate 7%
$1,092,714
Cap Rate 9%
$849,889
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$956.1K – $1.27M
NOI $76,490 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$973.9K
$852.2K – $1.14M
NOI $68,174 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,211 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
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?
Triplex - Three three-bedroom apartments provide flexible living arrangements and rental income potential in the Bronx.
Where is this triplex located?
The property is located at 1727 Hunt Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Three apartments, each with a three‑bedroom layout; Fully finished walk‑out basement with rear access; Built in 1901
