Renovated Residential Income
For Sale
$609,000
180 Davis Ave #12A, Bronx, NY 10465
Updated apartment with dual balconies, water views, assigned parking, and extensive interior improvements.
Property Size1,124 SF
Price / SF$541.81
Days on Market31
Property Features for 180 Davis Ave #12A
General Information
Standard status
Active
Size
1,124 SF
Total Parking Spaces
1
Property subtype
Land
Additional Details
Multifamily Units
1
Amenities
balcony
water views
hardwood floors
central AC
stainless steel appliances
dishwasher
microwave
washer/dryer in unit
14 ft ceilings
new windows
Building Details
Year Built
1995
Listing Agency:
Julia B Fee Sothebys Int. Rlty
(914) 236-0001
Listed By:
The Moda Team at Compass
(914) 236-0001
Source:
Modarealty
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 28 at 10:17AM
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 Julia B Fee Sothebys Int. Rlty
Investment Insights
Based on property information with market context.
This 1,124-square-foot residential income property was built in 1995 and renovated in 2026. The apartment includes a living room balcony and a separate primary bedroom balcony, each oriented toward views of the bridge and Long Island Sound. Interior features include hardwood flooring throughout, renovated bathrooms, a remodeled kitchen with stainless steel appliances, central air conditioning, in-unit laundry, and 14-foot ceilings in the living room and primary bedroom.
The residence also includes an assigned parking space. Building and systems updates noted for the apartment include new electrical service throughout, a new 4-ton air-conditioning system, new windows, a dishwasher, and a microwave. The property is located in the Throggs Neck section of the Bronx at 180 Davis Ave #12A.
The residence also includes an assigned parking space. Building and systems updates noted for the apartment include new electrical service throughout, a new 4-ton air-conditioning system, new windows, a dishwasher, and a microwave. The property is located in the Throggs Neck section of the Bronx at 180 Davis Ave #12A.
Key Highlights
- 1,124 SF residential income property built in 1995
- Renovated in 2026 with new electrical service throughout
- Balconies off the living room and primary bedroom with bridge and Long Island Sound views
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
$25,856
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
4.25%
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%
$517,120
$517.1K
Cap Rate 7%
$369,371
$369.4K
Cap Rate 9%
$287,289
$287.3K
Market Conditions
NOI Build-Up for 1,124 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
$49.9K $44.40/SF
− Vacancy
−$2.9K −$2.58/SF
EGI
$47.0K $41.82/SF
− OpEx
−$21.2K −$18.82/SF
NOI
$25.9K $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 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%
$517,120
Cap Rate 7%
$369,371
Cap Rate 9%
$287,289
Alternative Uses
Best Use
Apartment 5plus
$369.4K
$323.2K – $430.9K
NOI $25,856 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$778.9K
$681.5K – $908.7K
NOI $54,520 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated apartment with dual balconies, water views, assigned parking, and extensive interior improvements.
Where is this residential income property located?
The property is located at 180 Davis Ave #12A Bronx, NY.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: 1,124 SF residential income property built in 1995; Renovated in 2026 with new electrical service throughout; Balconies off the living room and primary bedroom with bridge and Long Island Sound views
