Renovated Victorian
For Sale
$1,150,000
330 E 198th Street, Bronx, NY 10458
Brick four-unit property with updated interiors, classic architectural details, and a paved rear courtyard.
Property Size4,439 SF
Days on Market54
Property Features for 330 E 198th Street
General Information
Standard status
Active
Size
4,439 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,538
Building Details
Building Size
4,439 SF
Year Built
1910
Units
4
Listing Agency:
JAGGI Real Estate
(516) 996-3633
Listed By:
Rahul Jaggi
(516) 996-3633
Source:
Professionalchoicerealty
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 25 at 9:29AM
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 JAGGI Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this 4,439-square-foot Victorian-style quadplex contains four separate units with a combined 12 bedrooms and six bathrooms. The brick exterior includes stone steps, iron fencing, bay windows, decorative fireplace mantels, and exposed brick details. Interior improvements include renovated kitchens with shaker cabinetry, quartz countertops, tile backsplashes, and stainless steel appliances, along with updated bathrooms and hardwood floors.
Building systems include natural gas baseboard heat, an updated boiler, public water, and public sewer. A fully paved concrete rear courtyard provides additional common outdoor space. The property is located at 330 E 198th Street in the Bronx, near public transit, schools, shopping corridors, dining, and neighborhood parks.
Building systems include natural gas baseboard heat, an updated boiler, public water, and public sewer. A fully paved concrete rear courtyard provides additional common outdoor space. The property is located at 330 E 198th Street in the Bronx, near public transit, schools, shopping corridors, dining, and neighborhood parks.
Key Highlights
- 4,439‑square‑foot Victorian‑style quadplex built in 1910
- Four separate units with 12 bedrooms and six bathrooms
- Renovated kitchens with quartz counters, tile backsplashes, and stainless steel appliances
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
$102,113
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
8.88%
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%
$2,042,260
$2.0M
Cap Rate 7%
$1,458,757
$1.5M
Cap Rate 9%
$1,134,589
$1.1M
Market Conditions
NOI Build-Up for 4,439 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
$197.1K $44.40/SF
− Vacancy
−$11.4K −$2.58/SF
EGI
$185.7K $41.82/SF
− OpEx
−$83.5K −$18.82/SF
NOI
$102.1K $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%
$2,042,260
Cap Rate 7%
$1,458,757
Cap Rate 9%
$1,134,589
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,758 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,113 @ 7.0% cap · market cap 8.88%
Theoretical Best
Warehouse
$3.08M
$2.69M – $3.59M
NOI $215,314 @ 7.0% cap · market cap 18.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,785
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?
Quadplex - Brick four-unit property with updated interiors, classic architectural details, and a paved rear courtyard.
Where is this quadplex located?
The property is located at 330 E 198th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,439‑square‑foot Victorian‑style quadplex built in 1910; Four separate units with 12 bedrooms and six bathrooms; Renovated kitchens with quartz counters, tile backsplashes, and stainless steel appliances
