Residential Income Property with
For Sale
$900,000
260 Zerega Avenue, Bronx, NY 10473
Built in 2011, the property offers central air, natural gas baseboard heat, and a finished walk-out area.
Property Size3,068 SF
Days on Market34
Property Features for 260 Zerega Avenue
General Information
Standard status
Active
Size
3,068 SF
Total Parking Spaces
2
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,821
Amenities
Gated, Park
Park, Trash
Central Air
Baseboard, Natural Gas
Finished, Walk-Out Access
Cathedral Ceiling(s), Granite Counters, Master Downstairs
Water
Driveway, Garage
Balcony
Flats, Mediterranean
Building Details
Building Size
3,068 SF
Year Built
2011
Listing Agency:
Keller Williams Realty NYC Group
(845) 304-5745
Listed By:
Gregory Tsougranis · License #10301201886
(845) 304-5745
Source:
Evrealestate
Added: Jul 13
Changed: Aug 13
Last Checked: Aug 15 at 3:42AM
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.
This residential income property was built in 2011 and includes central air conditioning with baseboard heating powered by natural gas. Interior features include a finished walk-out area, cathedral ceilings, granite counters, and a downstairs primary bedroom. Exterior improvements include a driveway, garage, balcony, and water-related surroundings.
The property is located on Zerega Avenue in the Castle Hill neighborhood of the Bronx, between Barrett Avenue and Castle Hill Avenue. It is next to the newly constructed YMCA and Castle Hill Point / Park. The exterior design is described as Mediterranean with flats.
The property is located on Zerega Avenue in the Castle Hill neighborhood of the Bronx, between Barrett Avenue and Castle Hill Avenue. It is next to the newly constructed YMCA and Castle Hill Point / Park. The exterior design is described as Mediterranean with flats.
Key Highlights
- Built in 2011
- Central air conditioning and natural gas baseboard heat
- Finished walk‑out area with cathedral ceilings and granite counters
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
$70,575
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
7.84%
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%
$1,411,500
$1.4M
Cap Rate 7%
$1,008,214
$1.0M
Cap Rate 9%
$784,167
$784.2K
Market Conditions
NOI Build-Up for 3,068 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
$136.2K $44.40/SF
− Vacancy
−$7.9K −$2.58/SF
EGI
$128.3K $41.82/SF
− OpEx
−$57.7K −$18.82/SF
NOI
$70.6K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /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%
$1,411,500
Cap Rate 7%
$1,008,214
Cap Rate 9%
$784,167
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$882.2K – $1.18M
NOI $70,575 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,814 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2011, the property offers central air, natural gas baseboard heat, and a finished walk-out area.
Where is this residential income property located?
The property is located at 260 Zerega Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Built in 2011; Central air conditioning and natural gas baseboard heat; Finished walk‑out area with cathedral ceilings and granite counters
