One-Bedroom Residential Income
For Sale
$199,000
512 KAPPOCK Street 2J, Bronx, NY 10463
Cooperative apartment with hardwood floors, a windowed kitchen, separate dining area, and resident storage.
Property Size750 SF
Price / SF$265.33
Days on Market100
Property Features for 512 KAPPOCK Street 2J
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
live-in superintendent
on premises laundry facility
storage
furnished back garden with grill
Building Details
Building Size
750 SF
Year Built
1948
Stories
3
Listing Agency:
The Agency Brokerage
(917) 723-3991
Listed By:
Fran Kaback
(917) 723-3991
Source:
Carlinwright
Added: May 8
Changed: Aug 15
Last Checked: Aug 15 at 12:26PM
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 The Agency Brokerage
Investment Insights
Based on property information with market context.
This one-bedroom apartment is located in a three-story cooperative building constructed in 1948. The apartment features hardwood floors throughout, a windowed kitchen with a separate dining area and breakfast bar, a windowed bathroom, and closet space. The residence is situated one flight up within the building.
Building amenities include a live-in superintendent, on-premises laundry facility, storage, and a furnished rear garden with a grill for residents. Local and express buses are directly outside the building, while Metro-North is in close proximity. The property is located at 512 Kappock Street, Bronx, NY 10463.
Building amenities include a live-in superintendent, on-premises laundry facility, storage, and a furnished rear garden with a grill for residents. Local and express buses are directly outside the building, while Metro-North is in close proximity. The property is located at 512 Kappock Street, Bronx, NY 10463.
Key Highlights
- 750 SF one‑bedroom apartment in a cooperative building
- Three‑story building constructed in 1948
- Hardwood floors throughout the apartment
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
$17,253
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
8.67%
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%
$345,060
$345.1K
Cap Rate 7%
$246,471
$246.5K
Cap Rate 9%
$191,700
$191.7K
Market Conditions
NOI Build-Up for 750 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
$33.3K $44.40/SF
− Vacancy
−$1.9K −$2.58/SF
EGI
$31.4K $41.82/SF
− OpEx
−$14.1K −$18.82/SF
NOI
$17.3K $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%
$345,060
Cap Rate 7%
$246,471
Cap Rate 9%
$191,700
Alternative Uses
Best Use
Apartment 5plus
$246.5K
$215.7K – $287.6K
NOI $17,253 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$519.7K
$454.7K – $606.3K
NOI $36,379 @ 7.0% cap · market cap 18.28%
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
2,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Cooperative apartment with hardwood floors, a windowed kitchen, separate dining area, and resident storage.
Where is this residential income property located?
The property is located at 512 KAPPOCK Street 2J Bronx, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 750 SF one‑bedroom apartment in a cooperative building; Three‑story building constructed in 1948; Hardwood floors throughout the apartment
