Four-Story Apartment
For Sale
$2,988,000
1761 Topping Avenue, Bronx, NY 10457
Studio and one-bedroom layouts are complemented by on-site parking and a gated side yard.
Property Size9,144 SF
Price / SF$326.77
Days on Market111
Property Features for 1761 Topping Avenue
General Information
Standard status
Active
Size
9,144 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
R7-1
Units
Unit Mix
4 x studio, 3 x 1 Br. Apt.
Multifamily Units
10
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,677
Amenities
gated side yard
rear yard
Building Details
Building Size
9,144 SF
Year Built
2024
Buildings
1
Stories
4
Units
10
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Clairedleone
Added: Jul 6
Changed: Oct 23
Last Checked: Oct 23 at 5:26PM
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 All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This four-story apartment property in the Bronx contains studio and one-bedroom layouts across 9,144 square feet. Building features include 8-foot ceilings, sprinklers, air conditioning, three-phase power and new LED lighting. Six parking spaces, a gated side yard and a rear yard are also part of the property.
The property is near Grand Concourse, with Yankee Stadium and several retail and service businesses identified among nearby neighbors. Zoning is R7-1, and a 485X tax abatement runs through 2061. The reported pro forma capitalization rate is 9.51%.
The property is near Grand Concourse, with Yankee Stadium and several retail and service businesses identified among nearby neighbors. Zoning is R7-1, and a 485X tax abatement runs through 2061. The reported pro forma capitalization rate is 9.51%.
Key Highlights
- 9,144 square feet across four stories
- R7‑1 zoning
- Six parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,345
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,206,900
$4.2M
Cap Rate 7%
$3,004,929
$3.0M
Cap Rate 9%
$2,337,167
$2.3M
Market Conditions
NOI Build-Up for 9,144 SF
Gross rent
$406.0K $44.40/SF
− Vacancy
−$23.5K −$2.58/SF
EGI
$382.4K $41.82/SF
− OpEx
−$172.1K −$18.82/SF
NOI
$210.3K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,206,900
Cap Rate 7%
$3,004,929
Cap Rate 9%
$2,337,167
Alternative Uses
Best Use
Apartment 5plus
$3.00M
$2.63M – $3.51M
NOI $210,345 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.34M
$5.54M – $7.39M
NOI $443,530 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio and one-bedroom layouts are complemented by on-site parking and a gated side yard.
Where is this apartment building located?
The property is located at 1761 Topping Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 9,144 square feet across four stories; R7‑1 zoning; Six parking spaces
