Renovated Victorian
For Sale
$1,150,000
330 E 198th Street, Bronx, NY 10458
Residential Income, Bronx, NY
Property Size4,439 SF
Lot Size0.06 Acres
Price / SF$259.07
Days on Market53
Property Features for 330 E 198th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 4, Bedroom 9, Bedroom 11, Bathroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Dining Room, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bedroom 10, Bedroom 3, Bedroom 12, Basement
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining
Basement
Finished, Full
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
03289-0028
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8538
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
courtyard
Building Details
Year built
1910
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Architectural style
Victorian
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Rahul Jaggi
(516) 996-3633
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 28 at 6:06PM
MLS# 1020822
Copyright © 2026 OneKey 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 1910 Victorian brick quadplex in the Bronx contains four separate residential units with a combined layout of 12 bedrooms and 6 bathrooms. Interior improvements include renovated kitchens with shaker cabinetry, quartz countertops, tile backsplashes, and stainless steel appliances. Hardwood floors, exposed brick, bay windows, decorative fireplace mantels, and updated bathroom finishes add detail throughout the residence. The property also includes first-floor bedroom and full-bath accommodations, eat-in kitchens, and formal dining areas.
A fully paved rear courtyard provides shared outdoor space, while natural-gas baseboard heating is supported by an updated boiler system. Public water and public sewer serve the property. Located at 330 E 198th Street in the Bronx, the home is near public transportation, schools, shopping, dining, and neighborhood parks.
A fully paved rear courtyard provides shared outdoor space, while natural-gas baseboard heating is supported by an updated boiler system. Public water and public sewer serve the property. Located at 330 E 198th Street in the Bronx, the home is near public transportation, schools, shopping, dining, and neighborhood parks.
Key Highlights
- Four‑unit Victorian property with 12 bedrooms and 6 bathrooms
- 4,439 sq. ft. Victorian‑style multifamily home
- Renovated kitchens with shaker cabinets, 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
Lease Details
4
Residential units
Yes
Utilities to site
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 - Four-unit brick property with updated interiors, hardwood floors, modern kitchens, 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: Four‑unit Victorian property with 12 bedrooms and 6 bathrooms; 4,439 sq. ft. Victorian‑style multifamily home; Renovated kitchens with shaker cabinets, quartz counters, tile backsplashes, and stainless steel appliances
