Residential Income Property with
For Sale
$209,999
555 Kappock Street 11J, Bronx, NY 10463
Co-op residence in an elevator high-rise with doorman service, recreation areas, and utilities included in maintenance.
Property Size825 SF
Price / SF$254.54
Days on Market166
Property Features for 555 Kappock Street 11J
General Information
Standard status
Active
Size
825 SF
Property subtype
Apartment
Building Details
Building Size
825 SF
Year Built
1966
Listing Agency:
Compass
Listed By:
Brian Blitzer
(917) 902-4500
Source:
Carlinwright
Added: Mar 24
Changed: Sep 2
Last Checked: Sep 4 at 12:40PM
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 one-bedroom, one-bathroom co-op occupies 825 square feet within an elevator high-rise completed in 1966. The three-room layout includes southwestern and western exposures, central AC, and abundant natural light. The residence is located at 555 Kappock Street, 11J, in Bronx, NY.
Building services and shared amenities include a full-time doorman, pool, common courtyard, patio, gym, resident lounge, playroom, and on-site laundry. Maintenance includes gas, electric, cable, and internet. Private storage is available for rent, while the building’s parking garage operates with a waitlist.
Building services and shared amenities include a full-time doorman, pool, common courtyard, patio, gym, resident lounge, playroom, and on-site laundry. Maintenance includes gas, electric, cable, and internet. Private storage is available for rent, while the building’s parking garage operates with a waitlist.
Key Highlights
- 825‑square‑foot, one‑bedroom, one‑bathroom co‑op with three rooms
- Southwestern and western exposures provide natural light
- Full‑time doorman in an elevator high‑rise built in 1966
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
$18,978
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
9.04%
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%
$379,560
$379.6K
Cap Rate 7%
$271,114
$271.1K
Cap Rate 9%
$210,867
$210.9K
Market Conditions
NOI Build-Up for 825 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
$36.6K $44.40/SF
− Vacancy
−$2.1K −$2.58/SF
EGI
$34.5K $41.82/SF
− OpEx
−$15.5K −$18.82/SF
NOI
$19.0K $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%
$379,560
Cap Rate 7%
$271,114
Cap Rate 9%
$210,867
Alternative Uses
Best Use
Apartment 5plus
$271.1K
$237.2K – $316.3K
NOI $18,978 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$571.7K
$500.2K – $667.0K
NOI $40,017 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Co-op residence in an elevator high-rise with doorman service, recreation areas, and utilities included in maintenance.
Where is this residential income property located?
The property is located at 555 Kappock Street 11J Bronx, NY.
What is the asking price?
The asking price for this property is $209,999.
What are key features of this property?
This property features: 825‑square‑foot, one‑bedroom, one‑bathroom co‑op with three rooms; Southwestern and western exposures provide natural light; Full‑time doorman in an elevator high‑rise built in 1966
