Residential Income Property with Park
For Sale
$349,000
4414 CAYUGA Avenue 1D, Bronx, NY 10471
Two-bedroom home with hardwood floors, a windowed kitchen, and access to shared building amenities.
Property Size1,000 SF
Price / SF$349
Days on Market100
Property Features for 4414 CAYUGA Avenue 1D
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Apartment
Additional Details
HOA Fee
$1,040
Public Transit
Yes
Multifamily Units
1
Amenities
private garden
common laundry room
bike storage
Building Details
Building Size
1,000 SF
Year Built
1930
Listing Agency:
Brown Harris Stevens Riverdale LLC
(718) 878-1703
Listed By:
Nanette Gran
(718) 878-1703
Source:
Howardhannanyc
Added: May 8
Changed: Aug 14
Last Checked: Aug 15 at 12:32PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This 1,000-square-foot, two-bedroom, one-bath residence was built in 1930 and features a foyer leading to connected living and dining areas. Eastern and northern exposures provide natural light and views toward Van Cortlandt Park. Hardwood flooring extends throughout the home, while the windowed eat-in kitchen includes banquette seating and built-in storage. The bathroom also has a window.
Building amenities include a private garden available to residents year-round, a common laundry room, and bike storage. The property is near the 242nd Street #1 subway station, the No. 9 local bus, Manhattan College, Horace Mann School, Ethical Culture Fieldston School, and the Fieldston Historic District. Local shops, restaurants, riding stables, a golf course, and Van Cortlandt Park are also nearby.
Building amenities include a private garden available to residents year-round, a common laundry room, and bike storage. The property is near the 242nd Street #1 subway station, the No. 9 local bus, Manhattan College, Horace Mann School, Ethical Culture Fieldston School, and the Fieldston Historic District. Local shops, restaurants, riding stables, a golf course, and Van Cortlandt Park are also nearby.
Key Highlights
- 1,000‑square‑foot two‑bedroom, one‑bath residence
- Built in 1930 with hardwood floors throughout
- Eastern and northern exposures with views toward Van Cortlandt Park
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
$23,004
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
6.59%
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%
$460,080
$460.1K
Cap Rate 7%
$328,629
$328.6K
Cap Rate 9%
$255,600
$255.6K
Market Conditions
NOI Build-Up for 1,000 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
$44.4K $44.40/SF
− Vacancy
−$2.6K −$2.58/SF
EGI
$41.8K $41.82/SF
− OpEx
−$18.8K −$18.82/SF
NOI
$23.0K $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%
$460,080
Cap Rate 7%
$328,629
Cap Rate 9%
$255,600
Alternative Uses
Best Use
Apartment 5plus
$328.6K
$287.6K – $383.4K
NOI $23,004 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$692.9K
$606.3K – $808.4K
NOI $48,505 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom home with hardwood floors, a windowed kitchen, and access to shared building amenities.
Where is this residential income property located?
The property is located at 4414 CAYUGA Avenue 1D Bronx, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,000‑square‑foot two‑bedroom, one‑bath residence; Built in 1930 with hardwood floors throughout; Eastern and northern exposures with views toward Van Cortlandt Park
