Fully Leased Mixed-Use
For Sale
$1,475,000
3194 Webster Avenue, Bronx, NY 10467
Five free-market apartments and an occupied retail storefront are supported by updated electrical and plumbing systems.
Property Size4,350 SF
Price / SF$339.08
Days on Market292
Property Features for 3194 Webster Avenue
General Information
Standard status
Active
Size
4,350 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$12,285
Building Details
Building Size
4,350 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Link NY Realty
(646) 321-9428
Listed By:
Valon Nikci · License #10491202180
Source:
Shawmetro
Added: Nov 3, 2025
Changed: Aug 21
Last Checked: Aug 22 at 10:36AM
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 Link NY Realty
Investment Insights
Based on property information with market context.
Built in 1920, this 4,350-square-foot mixed-use building at 3194 Webster Avenue combines five free-market residential units with a retail storefront. The apartments are described as modern, and the property includes storage and work areas for additional functional utility. Updated electrical and plumbing systems are in place, and the building is fully leased.
The property is located in the Bronx, NY 10467. Its reported Over 10% CAP Rate and combination of residential and commercial space provide a clear overview of the existing income-producing configuration.
The property is located in the Bronx, NY 10467. Its reported Over 10% CAP Rate and combination of residential and commercial space provide a clear overview of the existing income-producing configuration.
Key Highlights
- 4,350‑square‑foot mixed‑use building built in 1920
- Five free‑market residential units
- Retail storefront with commercial tenant
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
$94,657
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
6.42%
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%
$1,893,140
$1.9M
Cap Rate 7%
$1,352,243
$1.4M
Cap Rate 9%
$1,051,744
$1.1M
Market Conditions
NOI Build-Up for 4,350 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
$182.7K $42.00/SF
− Vacancy
−$10.6K −$2.44/SF
EGI
$172.1K $39.56/SF
− OpEx
−$77.4K −$17.80/SF
NOI
$94.7K $21.76/SF
Area
ZIP 10467
Vacancy
5.80%
Lease Rate
$42.00 /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%
$1,893,140
Cap Rate 7%
$1,352,243
Cap Rate 9%
$1,051,744
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,657 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$1.34M
$1.17M – $1.57M
NOI $93,922 @ 7.0% cap · market cap 6.37%
Theoretical Best
Warehouse
$3.01M
$2.64M – $3.52M
NOI $210,997 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,732
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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?
Mixed-use property - Five free-market apartments and an occupied retail storefront are supported by updated electrical and plumbing systems.
Where is this mixed-use property located?
The property is located at 3194 Webster Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 4,350‑square‑foot mixed‑use building built in 1920; Five free‑market residential units; Retail storefront with commercial tenant
