Triplex with Hardwood Floors and 4 Electric
For Sale
$1,799,900
204 W 260th Street, Bronx, NY 10471
Brick and stucco triplex with three apartments, hardwood floors, updated appliances, and four electric meters for tenant billing.
Property Size2,636 SF
Lot Size0.11 Acres
Price / SF$682.81
Days on Market16
Property Features for 204 W 260th Street
General Information
Standard status
Active
Size
2,636 SF
Lot size
0.11 Acres
Property subtype
Triplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,322
Building Details
Building Size
2,636 SF
Year Built
1920
Buildings
1
Construction
brick and stucco
Tenancy
Multi
Listing Agency:
RE/MAX In The City
(917) 637-0161
Listed By:
Chintan Trivedi · License #996433
Source:
Shawmetro
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 8 at 9:23AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
Brick and stucco triplex at 204 W 260th Street featuring three distinct, fully functional apartments and two additional ground-level bonus areas. The layout includes a total of eight bedrooms and five bathrooms divided across the three units, with natural gas heating and hardwood floors noted throughout. Some units have recently been updated, including updated appliances.
The property is set on a 50x100 lot and includes four separate electric meters, supporting easier tenant billing. Multi-car parking is available behind the property, along with convenient street parking. Public transportation access is described as nearby Manhattan buses and major highways.
Additional flexibility is built into the ground-level bonus spaces, which may support owner use, a home office, or tenant storage. The setting is described as a short distance from Van Cortlandt Park amenities, with Manhattan University and Bronx School District 10 also noted in the surrounding area. A 5-minute radius to three major shopping centers along Mosholu Avenue is mentioned.
The property is set on a 50x100 lot and includes four separate electric meters, supporting easier tenant billing. Multi-car parking is available behind the property, along with convenient street parking. Public transportation access is described as nearby Manhattan buses and major highways.
Additional flexibility is built into the ground-level bonus spaces, which may support owner use, a home office, or tenant storage. The setting is described as a short distance from Van Cortlandt Park amenities, with Manhattan University and Bronx School District 10 also noted in the surrounding area. A 5-minute radius to three major shopping centers along Mosholu Avenue is mentioned.
Key Highlights
- Three fully functional apartments plus two ground‑level bonus areas
- Total of eight bedrooms and five bathrooms divided across three units
- Four separate electric meters for easier tenant billing
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
$66,959
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
3.72%
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%
$1,339,180
$1.3M
Cap Rate 7%
$956,557
$956.6K
Cap Rate 9%
$743,989
$744.0K
Market Conditions
NOI Build-Up for 2,636 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
$101.2K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$95.7K $36.29/SF
− OpEx
−$28.7K −$10.89/SF
NOI
$67.0K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /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%
$1,339,180
Cap Rate 7%
$956,557
Cap Rate 9%
$743,989
Alternative Uses
Best Use
Multifamily LT 5
$956.6K
$837.0K – $1.12M
NOI $66,959 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$866.3K
$758.0K – $1.01M
NOI $60,638 @ 7.0% cap · market cap 3.37%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,859 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
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 - Brick and stucco triplex with three apartments, hardwood floors, updated appliances, and four electric meters for tenant billing.
Where is this triplex located?
The property is located at 204 W 260th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Three fully functional apartments plus two ground‑level bonus areas; Total of eight bedrooms and five bathrooms divided across three units; Four separate electric meters for easier tenant billing
