Mixed-Use Building with Two
For Sale
$1,650,000
4175 3rd Avenue, Bronx, NY 10457
Mixed-use building combining apartments and storefronts with refreshed entry doors and painted common areas.
Property Size7,124 SF
Days on Market131
Property Features for 4175 3rd Avenue
General Information
Standard status
Active
Size
7,124 SF
Property subtype
Commercial
Zoning
M1-4R7X
Units
Unit Mix
2 x studio, 6 x 3BR
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$10,147
Amenities
16 camera system
Building Details
Building Size
7,124 SF
Year Built
1931
Units
10
Listing Agency:
Citi Zone Realty LLC
(718) 482-7100
Listed By:
Mario Tsikis CBR
(718) 482-7100
Source:
Mydreamhomerealty
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 30 at 5:35PM
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 Citi Zone Realty LLC
Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use property combines eight apartments with two stores. The residential layout includes two studio apartments and six three-bedroom apartments, providing a defined mix within the building. Property improvements include a resealed roof completed last year, new entry doors, freshly painted common areas and doors, and a 16-camera security system.
The building is located at 4175 3rd Avenue in the Bronx’s East Tremont area and faces Tremont Park. It is zoned M1-4R7X, with both residential and storefront components incorporated into the asset.
The building is located at 4175 3rd Avenue in the Bronx’s East Tremont area and faces Tremont Park. It is zoned M1-4R7X, with both residential and storefront components incorporated into the asset.
Key Highlights
- Eight apartments: 2 studios and 6 three‑bedroom units
- Two stores included in the mixed‑use building
- Roof resealed last year
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
$149,963
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
9.09%
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%
$2,999,260
$3.0M
Cap Rate 7%
$2,142,329
$2.1M
Cap Rate 9%
$1,666,256
$1.7M
Market Conditions
NOI Build-Up for 7,124 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
$239.4K $33.60/SF
− Vacancy
−$25.1K −$3.53/SF
EGI
$214.2K $30.07/SF
− OpEx
−$64.3K −$9.02/SF
NOI
$150.0K $21.05/SF
Area
Bronx, NY
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,999,260
Cap Rate 7%
$2,142,329
Cap Rate 9%
$1,666,256
Alternative Uses
Best Use
Apartment 5plus
$2.34M
$2.05M – $2.73M
NOI $163,878 @ 7.0% cap · market cap 9.93%
Second Best
Retail
$2.14M
$1.87M – $2.50M
NOI $149,963 @ 7.0% cap · market cap 9.09%
Theoretical Best
Warehouse
$4.94M
$4.32M – $5.76M
NOI $345,550 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building combining apartments and storefronts with refreshed entry doors and painted common areas.
Where is this mixed-use property located?
The property is located at 4175 3rd Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight apartments: 2 studios and 6 three‑bedroom units; Two stores included in the mixed‑use building; Roof resealed last year
