Detached Quadplex with Solar
For Sale
$1,450,000
2436 Buck Street, Bronx, NY 10461
Brick four-family property with R6 zoning, updated mini-split systems, and rear parking.
Property Size3,638 SF
Price / SF$362.50
Days on Market57
Property Features for 2436 Buck Street
General Information
Standard status
Active
Size
3,638 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R6
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,167
Amenities
mini-split systems
solar panels
Building Details
Building Size
3,638 SF
Year Built
1920
Units
4
Construction
brick
Listing Agency:
Real Broker NY LLC
(917) 791-4024
Listed By:
John Lajara
(917) 791-4024
Source:
Mydreamhomerealty
Added: Jul 3
Changed: Aug 28
Last Checked: Aug 28 at 11:32AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This brick, fully detached quadplex was built in 1920 and contains close to 4000 square feet. The layout includes four residential units: a first-floor three-bedroom, two-bathroom apartment; a second-floor two-bedroom, one-bathroom unit; a second-floor one-bedroom, one-bathroom apartment; and a ground-level three-bedroom, two-bathroom unit. Architectural plans for a four-family conversion are pending final approval. The property also includes high-efficiency mini-split systems, solar panels, and a shared driveway with rear parking for two cars. R6 zoning is in place.
The property is within walking distance of the 6 train at Westchester Square and shops and restaurants along Westchester Avenue, Castle Hill Avenue, and East Tremont Avenue. Major roadway access includes the Cross Bronx Expressway and Bruckner Expressway. NYC Health + Hospitals/Jacobi is nearby.
The property is within walking distance of the 6 train at Westchester Square and shops and restaurants along Westchester Avenue, Castle Hill Avenue, and East Tremont Avenue. Major roadway access includes the Cross Bronx Expressway and Bruckner Expressway. NYC Health + Hospitals/Jacobi is nearby.
Key Highlights
- Four residential units with a mix of 1-, 2-, and 3‑bedroom layouts
- Close to 4000 square feet in a fully detached brick building
- R6 zoning with architectural plans pending for a 4‑family conversion
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
$101,606
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
7.01%
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%
$2,032,120
$2.0M
Cap Rate 7%
$1,451,514
$1.5M
Cap Rate 9%
$1,128,956
$1.1M
Market Conditions
NOI Build-Up for 4,000 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
$153.6K $38.40/SF
− Vacancy
−$8.4K −$2.11/SF
EGI
$145.2K $36.29/SF
− OpEx
−$43.5K −$10.89/SF
NOI
$101.6K $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%
$2,032,120
Cap Rate 7%
$1,451,514
Cap Rate 9%
$1,128,956
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,606 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,015 @ 7.0% cap · market cap 6.35%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,020 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Brick four-family property with R6 zoning, updated mini-split systems, and rear parking.
Where is this quadplex located?
The property is located at 2436 Buck Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four residential units with a mix of 1-, 2-, and 3‑bedroom layouts; Close to 4000 square feet in a fully detached brick building; R6 zoning with architectural plans pending for a 4‑family conversion
