Brick Apartment Building with
For Sale
$1,375,000
3341 Barker Avenue, Bronx, NY 10467
MULTI_FAMILY - Bronx, NY
Property Size4,000 SF
Lot Size0.07 Acres
Price / SF$343.75
Days on Market108
Property Features for 3341 Barker Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5A
Rooms
Basement
Parking features
Garage, Driveway
Basement
Full, Finished, Walk-Out Access
Elementary school district
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Middle school district
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High school district
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Directions
OLINVILLE neighborhood from E. Gun Hill Rd. make a left onto Duncomb Ave. then make a quick left onto Barker Avenue. (between Magenta Street & Rosewood Street)
Standard status
Active
APN
04622-0042
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16824
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
6
Building materials
Brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Errol W. Lewis
(914) 582-2483
Added: Apr 30
Changed: Aug 3
Last Checked: Aug 15 at 2:06PM
MLS# 992214
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.
Brick apartment building with natural gas heating and public utilities, built in 1920. The property sits on a 0.0727-acre lot and offers nearly 4,000 square feet of interior living space.
The building is laid out as three two-bedroom units and three one-bedroom units. Cooling is provided via window and wall/window units, and the property includes a basement. Parking features include a two-car garage in the rear of the building and additional driveway parking.
Zoned R5A, the property has four units currently vacant. Public water and public sewer service are available to the building.
The building is laid out as three two-bedroom units and three one-bedroom units. Cooling is provided via window and wall/window units, and the property includes a basement. Parking features include a two-car garage in the rear of the building and additional driveway parking.
Zoned R5A, the property has four units currently vacant. Public water and public sewer service are available to the building.
Key Highlights
- Nearly 4,000 SF brick apartment building
- 0.0727‑acre lot
- Three two‑bedroom units and three one‑bedroom units
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
$87,041
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
6.33%
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%
$1,740,820
$1.7M
Cap Rate 7%
$1,243,443
$1.2M
Cap Rate 9%
$967,122
$967.1K
Market Conditions
NOI Build-Up for 4,000 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
$168.0K $42.00/SF
− Vacancy
−$9.7K −$2.44/SF
EGI
$158.3K $39.56/SF
− OpEx
−$71.2K −$17.80/SF
NOI
$87.0K $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%
$1,740,820
Cap Rate 7%
$1,243,443
Cap Rate 9%
$967,122
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,041 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,020 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
6,185
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?
Apartment building - Brick apartment building with three two-bedroom and three one-bedroom units, plus a two-car rear garage and driveway parking.
Where is this apartment building located?
The property is located at 3341 Barker Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Nearly 4,000 SF brick apartment building; 0.0727‑acre lot; Three two‑bedroom units and three one‑bedroom units
