Multifamily Property with
For Sale
$1,200,000
3814 Barnes Avenue, Bronx, NY 10467
The property includes baseboard heating, wall/window units, and an eat-in kitchen.
Property Size3,444 SF
Days on Market12
Property Features for 3814 Barnes Avenue
General Information
Standard status
Active
Size
3,444 SF
Total Parking Spaces
1
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,378
Amenities
Sidewalks
Wall/Window Unit(s)
Baseboard
Eat-in Kitchen
Driveway
Building Details
Building Size
3,444 SF
Year Built
2008
Listing Agency:
Keller Williams Realty NYC Group
(845) 304-5745
Listed By:
Gregory Tsougranis · License #10301201886
(845) 304-5745
Source:
Evrealestate
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 3:52AM
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.
This multifamily property at 3814 Barnes Avenue combines residential income use with several documented interior features. The building includes baseboard heating, wall/window units, and an eat-in kitchen, along with a driveway for on-site access. Constructed in 2008, the property offers a relatively modern building vintage within its existing residential configuration.
The asset is located in the Williamsbridge neighborhood of the Bronx, between East 219th Street and East 220th Street. Access is available from Barnes Avenue via East Gun Hill Road and the Bronx River Parkway North, with Exit 9 providing a route from the parkway.
The asset is located in the Williamsbridge neighborhood of the Bronx, between East 219th Street and East 220th Street. Access is available from Barnes Avenue via East Gun Hill Road and the Bronx River Parkway North, with Exit 9 providing a route from the parkway.
Key Highlights
- Multifamily property at 3814 Barnes Avenue, Bronx, NY 10467
- Built in 2008
- Driveway included
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
$74,942
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
6.25%
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%
$1,498,840
$1.5M
Cap Rate 7%
$1,070,600
$1.1M
Cap Rate 9%
$832,689
$832.7K
Market Conditions
NOI Build-Up for 3,444 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
$144.6K $42.00/SF
− Vacancy
−$8.4K −$2.44/SF
EGI
$136.3K $39.56/SF
− OpEx
−$61.3K −$17.80/SF
NOI
$74.9K $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%
$1,498,840
Cap Rate 7%
$1,070,600
Cap Rate 9%
$832,689
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$936.8K – $1.25M
NOI $74,942 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.78M
NOI $167,051 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,786
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?
Multifamily property - The property includes baseboard heating, wall/window units, and an eat-in kitchen.
Where is this multifamily property located?
The property is located at 3814 Barnes Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Multifamily property at 3814 Barnes Avenue, Bronx, NY 10467; Built in 2008; Driveway included
