Residential Income Property with Fenced
For Sale
$799,000
Pending
372 Bronx Park Avenue, Bronx, NY 10460
The property includes natural gas service, an entrance foyer, and fenced front and back yards.
Property Size2,310 SF
Days on Market270
Property Features for 372 Bronx Park Avenue
General Information
Standard status
Pending
Size
2,310 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,872
Amenities
Natural Gas
Finished
Entrance Foyer
Fenced, Back Yard, Front Yard
On Street
Awning(s)
Flats
Building Details
Building Size
2,310 SF
Year Built
1910
Listing Agency:
Keller Williams Realty NYC Group
Listed By:
Gregory Tsougranis · License #10301201886
(845) 304-5745
Source:
Evrealestate
Added: Dec 12, 2025
Changed: Sep 8
Last Checked: Sep 8 at 3:48AM
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 Keller Williams Realty NYC Group
Investment Insights
Based on property information with market context.
Built in 1910, this residential income property at 372 Bronx Park Avenue includes an entrance foyer, finished interior space, and natural gas service. Exterior features include fencing, front and back yards, an awning, and on-street parking.
The property is located in the Bronx County community of Van Nest. Access is described from East Tremont Avenue via Bronx Park Avenue, with the property situated between E. 178th Street and Wyatt Street.
The property is located in the Bronx County community of Van Nest. Access is described from East Tremont Avenue via Bronx Park Avenue, with the property situated between E. 178th Street and Wyatt Street.
Key Highlights
- Built in 1910
- Residential income property in Van Nest, Bronx County
- Fenced front and back yards
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
$53,138
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
6.65%
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%
$1,062,760
$1.1M
Cap Rate 7%
$759,114
$759.1K
Cap Rate 9%
$590,422
$590.4K
Market Conditions
NOI Build-Up for 2,310 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
$102.6K $44.40/SF
− Vacancy
−$5.9K −$2.58/SF
EGI
$96.6K $41.82/SF
− OpEx
−$43.5K −$18.82/SF
NOI
$53.1K $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%
$1,062,760
Cap Rate 7%
$759,114
Cap Rate 9%
$590,422
Alternative Uses
Best Use
Apartment 5plus
$759.1K
$664.2K – $885.6K
NOI $53,138 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,047 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes natural gas service, an entrance foyer, and fenced front and back yards.
Where is this residential income property located?
The property is located at 372 Bronx Park Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built in 1910; Residential income property in Van Nest, Bronx County; Fenced front and back yards
