Mixed-Use Investment in Mott
For Sale
$3,000,000
504 Brook Ave The, Bronx, NY 10455
16-unit mixed-use property in the heart of Mott Haven.
Property Size8,960 SF
Days on Market110
Property Features for 504 Brook Ave The
General Information
Standard status
Active
Size
8,960 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$48,318
Building Details
Building Size
8,960 SF
Year Built
1931
Units
16
Listing Agency:
(516) 834-9680
Listed By:
Ericka Moorer
(516) 834-9680
Source:
Elliman
Added: Apr 24
Changed: Aug 9
Last Checked: Aug 10 at 4:17AM
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 Ericka Moorer
Investment Insights
Based on property information with market context.
Located in Mott Haven, Bronx, 504 Brook Avenue is a 16-unit mixed-use property. The property features residential units above commercial space, offering diversified revenue streams. The location is near major transportation, shopping, and ongoing neighborhood development, attracting renters and businesses. This asset offers residential income paired with street-level retail, creating strong upside potential. The property presents a value-add opportunity for repositioning, renovation, and long-term appreciation. The location has a bike score of 68, a walk score of 95, and a transit score of 100.
Key Highlights
- Prime location in Mott Haven, one of the Bronx's fastest‑growing neighborhoods.
- Mixed‑use property with both residential and commercial units.
- Value‑add opportunity through repositioning and renovation.
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
$206,113
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
6.87%
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%
$4,122,260
$4.1M
Cap Rate 7%
$2,944,471
$2.9M
Cap Rate 9%
$2,290,144
$2.3M
Market Conditions
NOI Build-Up for 8,960 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
$397.8K $44.40/SF
− Vacancy
−$23.1K −$2.58/SF
EGI
$374.8K $41.82/SF
− OpEx
−$168.6K −$18.82/SF
NOI
$206.1K $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%
$4,122,260
Cap Rate 7%
$2,944,471
Cap Rate 9%
$2,290,144
Alternative Uses
Best Use
Apartment 5plus
$2.94M
$2.58M – $3.44M
NOI $206,113 @ 7.0% cap · market cap 6.87%
Second Best
Mixed Use
$2.56M
$2.24M – $2.99M
NOI $179,424 @ 7.0% cap · market cap 5.98%
Theoretical Best
Warehouse
$6.21M
$5.43M – $7.24M
NOI $434,606 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,794
Businesses Nearby
Explore this area
Business Placement
Demographics for 10455, NY
43,804
Population
16,608
Households
2.6
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
62,577
Density / Sq Mi
$36,701
Median Household Income
$33,892
Median Earnings
$1,130
Median Rent
$348,700
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 - 16-unit mixed-use property in the heart of Mott Haven.
Where is this mixed-use property located?
The property is located at 504 Brook Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location in Mott Haven, one of the Bronx's fastest‑growing neighborhoods.; Mixed‑use property with both residential and commercial units.; Value‑add opportunity through repositioning and renovation.
