Fully Occupied Multifamily
For Sale
$749,999
536 Calhoun Avenue #APT 2, Bronx, NY 10465
Fully occupied residential building with established rental operations and access to nearby shopping, dining, transit, and highways.
Property Size1,600 SF
Days on Market91
Property Features for 536 Calhoun Avenue #APT 2
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Residential Income
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
cosmetic updates and improvements could further enhance value
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Gross Income
$60,099
Taxes and HOA fees
Annual Taxes
$6,611
Building Details
Building Size
1,600 SF
Year Built
1930
Units
2
Listing Agency:
Exit Realty Limitless
(917) 772-5020
Listed By:
Christopher D Rosa
(917) 772-5020
Source:
Callexitfirst
Added: May 31
Changed: Aug 28
Last Checked: Aug 25 at 9:11AM
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 Exit Realty Limitless
Investment Insights
Based on property information with market context.
This multifamily property at 536 Calhoun Avenue includes an established residential configuration and has maintained full occupancy. The building was constructed in 1930, providing a long-standing physical foundation for continued residential use.
The property is positioned near shopping, dining, public transportation, and major highways in the Throggs Neck area of the Bronx. Its location at 536 Calhoun Avenue, Bronx, NY 10465 places daily services and regional transportation options within the surrounding area.
The property is positioned near shopping, dining, public transportation, and major highways in the Throggs Neck area of the Bronx. Its location at 536 Calhoun Avenue, Bronx, NY 10465 places daily services and regional transportation options within the surrounding area.
Key Highlights
- Fully occupied multifamily property
- Constructed in 1930
- Located at 536 Calhoun Avenue, Bronx, NY 10465
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
$36,806
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
4.91%
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%
$736,120
$736.1K
Cap Rate 7%
$525,800
$525.8K
Cap Rate 9%
$408,956
$409.0K
Market Conditions
NOI Build-Up for 1,600 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
$71.0K $44.40/SF
− Vacancy
−$4.1K −$2.58/SF
EGI
$66.9K $41.82/SF
− OpEx
−$30.1K −$18.82/SF
NOI
$36.8K $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%
$736,120
Cap Rate 7%
$525,800
Cap Rate 9%
$408,956
Alternative Uses
Best Use
Apartment 5plus
$525.8K
$460.1K – $613.4K
NOI $36,806 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.11M
$970.1K – $1.29M
NOI $77,608 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied residential building with established rental operations and access to nearby shopping, dining, transit, and highways.
Where is this multifamily property located?
The property is located at 536 Calhoun Avenue #APT 2 Bronx, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Fully occupied multifamily property; Constructed in 1930; Located at 536 Calhoun Avenue, Bronx, NY 10465
