Renovated Residential Income
For Sale
$295,000
4445 Post Road 5B, Bronx, NY 10471
Prewar residence combines preserved architectural details with updated kitchen and bathroom finishes.
Property Size875 SF
Price / SF$337.14
Days on Market9
Property Features for 4445 Post Road 5B
General Information
Standard status
Active
Size
875 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
live-in super
communal garden
outdoor space
Building Details
Building Size
875 SF
Year Built
1940
Listing Agency:
Compass
Listed By:
Daniel S Wright
(917) 304-4270
Source:
Carlinwright
Added: Aug 28
Changed: Sep 1
Last Checked: Sep 4 at 12:47PM
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 Compass
Investment Insights
Based on property information with market context.
This 875-square-foot residential income property is a renovated prewar residence with one bedroom and a layout that retains period character. Interior details include an Italian oak-paneled foyer, original parquet flooring with walnut inlay, and a sunken living room with western exposure. The kitchen has been updated with a Viking range, Bosch dishwasher, integrated KitchenAid refrigerator and freezer drawers, wine and beverage refrigeration, and under-cabinet and through-cabinet lighting. An adjoining breakfast room adds dedicated dining space.
The bedroom accommodates a king-sized bed with additional furniture, while the modern bathroom includes strong natural light, generous mirroring, and built-in storage. Building amenities include an Art Deco elevator, live-in superintendent, landscaped grounds, a communal garden, and additional outdoor space. The property was built in 1940 and is located approximately two minutes from subway access.
The bedroom accommodates a king-sized bed with additional furniture, while the modern bathroom includes strong natural light, generous mirroring, and built-in storage. Building amenities include an Art Deco elevator, live-in superintendent, landscaped grounds, a communal garden, and additional outdoor space. The property was built in 1940 and is located approximately two minutes from subway access.
Key Highlights
- 875 SF one‑bedroom prewar residence built in 1940
- Renovated kitchen with Viking range and Bosch dishwasher
- Integrated KitchenAid refrigerator and freezer drawers
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
$20,128
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
6.82%
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%
$402,560
$402.6K
Cap Rate 7%
$287,543
$287.5K
Cap Rate 9%
$223,644
$223.6K
Market Conditions
NOI Build-Up for 875 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
$38.9K $44.40/SF
− Vacancy
−$2.3K −$2.58/SF
EGI
$36.6K $41.82/SF
− OpEx
−$16.5K −$18.82/SF
NOI
$20.1K $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%
$402,560
Cap Rate 7%
$287,543
Cap Rate 9%
$223,644
Alternative Uses
Best Use
Apartment 5plus
$287.5K
$251.6K – $335.5K
NOI $20,128 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$606.3K
$530.5K – $707.4K
NOI $42,442 @ 7.0% cap · market cap 14.39%
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
1,140
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 - Prewar residence combines preserved architectural details with updated kitchen and bathroom finishes.
Where is this residential income property located?
The property is located at 4445 Post Road 5B Bronx, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 875 SF one‑bedroom prewar residence built in 1940; Renovated kitchen with Viking range and Bosch dishwasher; Integrated KitchenAid refrigerator and freezer drawers
