Three-Unit Multifamily
New
For Sale
$1,100,000
310 E 160 ST, Bronx, NY 10451
Residential Income, Bronx, NY
Property Size3,988 SF
Lot Size0.04 Acres
Price / SF$275.83
Days on Market2
Property Features for 310 E 160 ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Laundry Room, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4
Patio and Porch features
Deck
Fencing
Fenced
Subdivision
Melrose
Lot features
Corner Lot
Standard status
Active
Size
3,988 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6532
Utilities
Heating system
Natural Gas, Radiant
Water source
Public
Amenities
cameras
raised deck
laundry hook-ups
Building Details
Year built
2006
Floors in Building
3
Building materials
Masonite, Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
CAVITCH ADAM
Listed By:
Adam Cavitch
(901) 483-5394
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 18 at 9:06AM
MLS# 11983701
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property offers 3,988 square feet across three above-grade stories and a finished below-grade level. The unit mix includes a three-bedroom, two-bath duplex; a one-bedroom, one-bath apartment; and a two-bedroom, one-bath apartment. The building was constructed in 2006 with brick and Masonite exterior materials. The lower level includes partitioned rooms, a bathroom, mechanical area, storage, and laundry hookups. A rear deck, four exterior cameras, flat roof, natural-gas radiant heat, and one gated off-street parking space are included. Delivery is planned vacant.
The property occupies a corner position on E. 160 St in the Bronx. Yankee Stadium is just over a 10-minute walk away, while the 4/B/D station at 161 St–Yankee Stadium is a 14-minute walk and the 2/5 station at 3rd Ave–149th St is a 15-minute walk. The BX41 bus stop at 161st St and Park Ave is two minutes away, with Food Bazaar and Walgreens within a five-minute walk.
The property occupies a corner position on E. 160 St in the Bronx. Yankee Stadium is just over a 10-minute walk away, while the 4/B/D station at 161 St–Yankee Stadium is a 14-minute walk and the 2/5 station at 3rd Ave–149th St is a 15-minute walk. The BX41 bus stop at 161st St and Park Ave is two minutes away, with Food Bazaar and Walgreens within a five-minute walk.
Key Highlights
- 3,988‑square‑foot triplex property on a 0.0445‑acre lot
- Built in 2006 with three above‑grade stories plus a finished below‑grade level
- Unit mix includes a 3BD/2BA duplex, 1BD/1BA apartment, and 2BD/1BA apartment
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
$91,739
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
8.34%
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%
$1,834,780
$1.8M
Cap Rate 7%
$1,310,557
$1.3M
Cap Rate 9%
$1,019,322
$1.0M
Market Conditions
NOI Build-Up for 3,988 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
$177.1K $44.40/SF
− Vacancy
−$10.3K −$2.58/SF
EGI
$166.8K $41.82/SF
− OpEx
−$75.1K −$18.82/SF
NOI
$91.7K $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%
$1,834,780
Cap Rate 7%
$1,310,557
Cap Rate 9%
$1,019,322
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,302 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,739 @ 7.0% cap · market cap 8.34%
Theoretical Best
Warehouse
$2.76M
$2.42M – $3.22M
NOI $193,438 @ 7.0% cap · market cap 17.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Triplex - Vacant delivery includes a finished lower level, rear deck, gated parking, and individually metered electric and cooking gas.
Where is this triplex located?
The property is located at 310 E 160 ST Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,988‑square‑foot triplex property on a 0.0445‑acre lot; Built in 2006 with three above‑grade stories plus a finished below‑grade level; Unit mix includes a 3BD/2BA duplex, 1BD/1BA apartment, and 2BD/1BA apartment
