Three-Family Home with
New
For Sale
$1,400,000
1913 Bogart Avenue, Bronx, NY 10462
Well-maintained triplex with updated kitchens, hardwood floors, basement space, and substantial off-street parking.
Property Size3,304 SF
Lot Size0.11 Acres
Price / SF$423.73
Days on Market3
Property Features for 1913 Bogart Avenue
General Information
Standard status
Active
Size
3,304 SF
Total Parking Spaces
6
Lot size
0.11 Acres
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,481
Building Details
Building Size
3,304 SF
Year Built
1910
Buildings
1
Listing Agency:
Keller Williams Realty Group
(914) 584-6683
Listed By:
Viola Taliaferrow · License #10301200440
Source:
Serhant
Added: Aug 14
Changed: Aug 16
Last Checked: Aug 16 at 4:04AM
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.
This three-family property, built in 1910, provides approximately 3,304 square feet of living space on an approximately 5,000-square-foot lot. The layout includes three residential units with generously proportioned rooms, multiple living areas, updated kitchens, hardwood flooring, and abundant natural light. A full basement adds usable storage or flex space, while the detached two-car garage and broad driveway create substantial on-site parking capacity.
The property is located at 1913 Bogart Avenue in the Bronx’s Morris Park area, near shopping, restaurants, schools, public transportation, and major roadways. Its three-unit configuration and existing physical improvements support both owner-occupancy and multifamily investment use.
The property is located at 1913 Bogart Avenue in the Bronx’s Morris Park area, near shopping, restaurants, schools, public transportation, and major roadways. Its three-unit configuration and existing physical improvements support both owner-occupancy and multifamily investment use.
Key Highlights
- Three‑family property with approximately 3,304 square feet of living space
- Approximately 5,000‑square‑foot lot
- Driveway parking for four cars plus a detached two‑car garage
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
$80,230
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
5.73%
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%
$1,604,600
$1.6M
Cap Rate 7%
$1,146,143
$1.1M
Cap Rate 9%
$891,444
$891.4K
Market Conditions
NOI Build-Up for 3,304 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
$120.9K $36.60/SF
− Vacancy
−$6.3K −$1.91/SF
EGI
$114.6K $34.69/SF
− OpEx
−$34.4K −$10.41/SF
NOI
$80.2K $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%
$1,604,600
Cap Rate 7%
$1,146,143
Cap Rate 9%
$891,444
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,230 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$1.02M
$893.8K – $1.19M
NOI $71,506 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,354 @ 7.0% cap · market cap 7.88%
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
3,545
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 - Well-maintained triplex with updated kitchens, hardwood floors, basement space, and substantial off-street parking.
Where is this triplex located?
The property is located at 1913 Bogart Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑family property with approximately 3,304 square feet of living space; Approximately 5,000‑square‑foot lot; Driveway parking for four cars plus a detached two‑car garage
