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3545-3547 Carlisle Place, Bronx, NY 10467
16-unit multifamily asset in Williamsbridge, built in 2011.
Property Size11,630 SF
Lot Size0.11 Acres
Price / SF$257.95
Days on Market85
Property Features for 3545-3547 Carlisle Place
General Information
Standard status
Active
Size
11,630 SF
Lot size
0.11 Acres
Property subtype
Multifamily
Zoning
R6A
Net Operating Income
$221,773
Building Details
Year Built
2011
Buildings
2
Units
16
Listing Agency:
Distinguished Realty Services
(914) 677-2623
Listed By:
Francis Morris · License #NY
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 8 at 7:33AM
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 Distinguished Realty Services
Investment Insights
Based on property information with market context.
The property at 3545-3547 Carlisle Place is a multifamily asset located in the Williamsbridge section of the Bronx. Constructed in 2011, the building consists of 16 units across two separate 8-unit tax lots. The four-story structure has a gross building area of 11,630 square feet and is situated on a 0.11-acre R6A parcel. The property benefits from institutional-quality construction, potentially resulting in low near-term capital expenditure. Tenants are responsible for their own heat and electric. The property has a 421-A tax abatement in place. This is part of a multi-property portfolio.
Key Highlights
- Assumable below‑market debt at 3.75%
- Enjoy a 7.9% cap rate on in‑place income.
- Built in 2011, potentially lower maintenance costs.
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
$253,071
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
8.44%
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%
$5,061,420
$5.1M
Cap Rate 7%
$3,615,300
$3.6M
Cap Rate 9%
$2,811,900
$2.8M
Market Conditions
NOI Build-Up for 11,630 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
$488.5K $42.00/SF
− Vacancy
−$28.3K −$2.44/SF
EGI
$460.1K $39.56/SF
− OpEx
−$207.1K −$17.80/SF
NOI
$253.1K $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%
$5,061,420
Cap Rate 7%
$3,615,300
Cap Rate 9%
$2,811,900
Alternative Uses
Best Use
Apartment 5plus
$3.62M
$3.16M – $4.22M
NOI $253,071 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.06M
$7.05M – $9.40M
NOI $564,114 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,419
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 - 16-unit multifamily asset in Williamsbridge, built in 2011.
Where is this apartment building located?
The property is located at 3545-3547 Carlisle Place Bronx, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Assumable below‑market debt at 3.75%; Enjoy a 7.9% cap rate on in‑place income.; Built in 2011, potentially lower maintenance costs.
