Three-Family Attached
New
For Sale
$1,300,000
1737 Popham Ave The, Bronx, NY 10453
Built in 1993, the property offers approximately 3,000 square feet with strong walking, biking, and transit access.
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$433.33
Days on Market4
Property Features for 1737 Popham Ave The
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,523
Building Details
Building Size
3,000 SF
Year Built
1993
Buildings
1
Units
3
Listing Agency:
WW Realty Group Inc
(917) 319-8892
Listed By:
Eyal Sagi · License #10311209735
(917) 319-8892
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 6:24AM
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 WW Realty Group Inc
Investment Insights
Based on property information with market context.
This attached triplex at 1737 Popham Avenue provides approximately 3,000 square feet of building space on a 2,146-square-foot lot. Constructed in 1993, the property is configured as a three-family residential building and is located in the Morris Heights neighborhood of the Bronx.
The surrounding area records a Walk Score of 85, identifying it as Very Walkable, along with a Bike Score of 61. A Transit Score of 100 places the property in the Rider's Paradise category, providing a highly transit-oriented setting for residential occupancy.
The surrounding area records a Walk Score of 85, identifying it as Very Walkable, along with a Bike Score of 61. A Transit Score of 100 places the property in the Rider's Paradise category, providing a highly transit-oriented setting for residential occupancy.
Key Highlights
- Three‑family attached residential building
- Approximately 3,000 square feet of building space
- 2,146‑square‑foot lot
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
$75,252
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
5.79%
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%
$1,505,040
$1.5M
Cap Rate 7%
$1,075,029
$1.1M
Cap Rate 9%
$836,133
$836.1K
Market Conditions
NOI Build-Up for 3,000 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
$113.4K $37.80/SF
− Vacancy
−$5.9K −$1.97/SF
EGI
$107.5K $35.83/SF
− OpEx
−$32.3K −$10.75/SF
NOI
$75.3K $25.08/SF
Area
ZIP 10453
Vacancy
5.20%
Lease Rate
$37.80 /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%
$1,505,040
Cap Rate 7%
$1,075,029
Cap Rate 9%
$836,133
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$940.7K – $1.25M
NOI $75,252 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$999.5K
$874.5K – $1.17M
NOI $69,963 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,582 @ 7.0% cap · market cap 7.58%
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
3,400
Businesses Nearby
Explore this area
Business Placement
Demographics for 10453, NY
81,951
Population
28,801
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
0.9 sq mi
ZIP Area
91,057
Density / Sq Mi
$35,482
Median Household Income
$30,097
Median Earnings
$1,393
Median Rent
$580,100
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 - Built in 1993, the property offers approximately 3,000 square feet with strong walking, biking, and transit access.
Where is this triplex located?
The property is located at 1737 Popham Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑family attached residential building; Approximately 3,000 square feet of building space; 2,146‑square‑foot lot
