Fully Renovated Multi-Family
For Sale
$1,039,000
1822 Hunt Ave The, Bronx, NY 10462
Fully renovated multi-family with finished basement and multiple units for investor or owner-occupant rental income.
Property Size3,292 SF
Price / SF$315.61
Days on Market70
Property Features for 1822 Hunt Ave The
General Information
Standard status
Active
Size
3,292 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,088
Building Details
Building Size
3,292 SF
Year Built
1910
Units
3
Listing Agency:
YCL Real Estate Consulting Group LLC
(347) 994-7210
Listed By:
Mourad Rabii
(347) 994-7210
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 10 at 3:40AM
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 YCL Real Estate Consulting Group LLC
Investment Insights
Based on property information with market context.
This fully renovated multi-family property is presented as turn-key, with major upgrades already completed. The home offers approximately 3,292 square feet and multiple units configured for flexible tenant use, with up to 8 bedrooms and 3 bathrooms. A finished basement adds extra usable space and potential versatility for day-to-day living needs.
Situated at 1822 Hunt Ave in The Bronx (Van Nest / Morris Park area), the property benefits from strong neighborhood amenities, including convenient access to transportation, shopping, restaurants, schools, parks, and major highways. Walk score is 91 and transit score is 94, indicating strong day-to-day mobility for residents. Bike score is 82, supporting practical cycling access as well.
For investors, the property is positioned as an income-producing multi-family with multiple units in a renovated condition, allowing for straightforward onboarding of tenants. The layout and finished basement can support a range of household needs, while the location’s established residential character may appeal to both renters and owner-occupants seeking practical access to everyday services. Asking price is listed at approximately $1.05 million.
Situated at 1822 Hunt Ave in The Bronx (Van Nest / Morris Park area), the property benefits from strong neighborhood amenities, including convenient access to transportation, shopping, restaurants, schools, parks, and major highways. Walk score is 91 and transit score is 94, indicating strong day-to-day mobility for residents. Bike score is 82, supporting practical cycling access as well.
For investors, the property is positioned as an income-producing multi-family with multiple units in a renovated condition, allowing for straightforward onboarding of tenants. The layout and finished basement can support a range of household needs, while the location’s established residential character may appeal to both renters and owner-occupants seeking practical access to everyday services. Asking price is listed at approximately $1.05 million.
Key Highlights
- Fully renovated multi‑family at 1822 Hunt Ave, Bronx, NY 10462 (Van Nest / Morris Park area)
- Approximately 3,292 sq. ft. with multiple units offering up to 8 bedrooms and 3 bathrooms
- Finished basement adds extra usable space
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
$71,247
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
6.86%
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%
$1,424,940
$1.4M
Cap Rate 7%
$1,017,814
$1.0M
Cap Rate 9%
$791,633
$791.6K
Market Conditions
NOI Build-Up for 3,292 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
$137.1K $41.64/SF
− Vacancy
−$7.5K −$2.29/SF
EGI
$129.5K $39.35/SF
− OpEx
−$58.3K −$17.71/SF
NOI
$71.2K $21.64/SF
Area
ZIP 10462
Vacancy
5.50%
Lease Rate
$41.64 /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%
$1,424,940
Cap Rate 7%
$1,017,814
Cap Rate 9%
$791,633
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$890.6K – $1.19M
NOI $71,247 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,954 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,790
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?
Multifamily property - Fully renovated multi-family with finished basement and multiple units for investor or owner-occupant rental income.
Where is this multifamily property located?
The property is located at 1822 Hunt Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: Fully renovated multi‑family at 1822 Hunt Ave, Bronx, NY 10462 (Van Nest / Morris Park area); Approximately 3,292 sq. ft. with multiple units offering up to 8 bedrooms and 3 bathrooms; Finished basement adds extra usable space
