Brick Triplex with Five-Car
New
For Sale
$1,500,000
260 E 197th St The, Bronx, NY 10458
Corner-lot multifamily property with porches, a private entrance, and a detached garage.
Property Size4,560 SF
Days on Market7
Property Features for 260 E 197th St The
General Information
Standard status
Active
Size
4,560 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,858
Building Details
Building Size
4,560 SF
Year Built
1920
Units
3
Listing Agency:
Keller Williams Realty NYC Group
(347) 606-0114
Listed By:
Nyqwan Hill
(347) 606-0114
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 11 at 9:05AM
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 NYC Group
Investment Insights
Based on property information with market context.
Built in 1920, this brick triplex occupies a fenced corner lot at 260 E 197th St. The property contains approximately 4,560 square feet, with 12 bedrooms, 6 bathrooms, two private porches, and a separate entrance. A detached 5 car garage adds substantial on-site parking and storage capacity.
The property is located at the intersection of East 197th Street and Briggs Avenue in The Bronx, within an R6B zoning district. Fordham Road, the New York Botanical Garden, the Bronx Zoo, major hospitals, shopping, dining, and multiple subway lines are identified nearby. WalkScore is 80, BikeScore is 58, and TransitScore is 100.
The property is located at the intersection of East 197th Street and Briggs Avenue in The Bronx, within an R6B zoning district. Fordham Road, the New York Botanical Garden, the Bronx Zoo, major hospitals, shopping, dining, and multiple subway lines are identified nearby. WalkScore is 80, BikeScore is 58, and TransitScore is 100.
Key Highlights
- Triplex with approximately 4,560 square feet of living space
- 12 bedrooms and 6 bathrooms
- Detached 5 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
$115,831
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
7.72%
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%
$2,316,620
$2.3M
Cap Rate 7%
$1,654,729
$1.7M
Cap Rate 9%
$1,287,011
$1.3M
Market Conditions
NOI Build-Up for 4,560 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
$175.1K $38.40/SF
− Vacancy
−$9.6K −$2.11/SF
EGI
$165.5K $36.29/SF
− OpEx
−$49.6K −$10.89/SF
NOI
$115.8K $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%
$2,316,620
Cap Rate 7%
$1,654,729
Cap Rate 9%
$1,287,011
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,831 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,897 @ 7.0% cap · market cap 6.99%
Theoretical Best
Warehouse
$3.16M
$2.76M – $3.69M
NOI $221,183 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
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 - Corner-lot multifamily property with porches, a private entrance, and a detached garage.
Where is this triplex located?
The property is located at 260 E 197th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Triplex with approximately 4,560 square feet of living space; 12 bedrooms and 6 bathrooms; Detached 5 car garage
