Residential Income Property with
For Sale
$520,000
555 KAPPOCK Street 2E, Bronx, NY 10463
Corner residence in a full-service co-op with updated interiors, private outdoor space, and extensive building amenities.
Property Size1,400 SF
Price / SF$371.43
Days on Market432
Property Features for 555 KAPPOCK Street 2E
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
seasonal pool
24-hour doorman
playground
brand-new gym
private terrace
Building Details
Building Size
1,400 SF
Year Built
1966
Listing Agency:
Brown Harris Stevens Riverdale LLC
(212) 381-2485
Listed By:
Sandhya N Tidke
(212) 381-2485
Source:
Howardhannanyc
Added: Jun 10, 2025
Changed: Aug 14
Last Checked: Aug 15 at 12:07PM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
This 1,400-square-foot corner residence at River Point Towers offers three bedrooms, two bathrooms, and dual exposures that bring abundant natural light into the home. High ceilings, bamboo flooring, and an open living and dining area create a flexible interior layout, while the foyer provides additional space for a home office, reading area, or built-ins. The kitchen features granite counters, a glass backsplash, and stainless steel appliances. The primary suite includes a renovated en-suite bathroom with a stand-up shower, and the home also has a private terrace.
River Point Towers is a full-service co-op in the Spuyten Duyvil section of Riverdale. Building amenities include a seasonal pool, 24-hour doorman, playground, and gym. Maintenance includes gas, electric, central AC, and basic cable. The property is near the Spuyten Duyvil Metro-North station, express buses to Manhattan, and local bus connections to the 1, 4, and A trains.
River Point Towers is a full-service co-op in the Spuyten Duyvil section of Riverdale. Building amenities include a seasonal pool, 24-hour doorman, playground, and gym. Maintenance includes gas, electric, central AC, and basic cable. The property is near the Spuyten Duyvil Metro-North station, express buses to Manhattan, and local bus connections to the 1, 4, and A trains.
Key Highlights
- 1,400‑square‑foot corner residence with 3 bedrooms and 2 bathrooms
- Private outdoor terrace and dual exposures
- High ceilings, bamboo floors, and open living and dining areas
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
$32,205
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
6.19%
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%
$644,100
$644.1K
Cap Rate 7%
$460,071
$460.1K
Cap Rate 9%
$357,833
$357.8K
Market Conditions
NOI Build-Up for 1,400 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
$62.2K $44.40/SF
− Vacancy
−$3.6K −$2.58/SF
EGI
$58.6K $41.82/SF
− OpEx
−$26.3K −$18.82/SF
NOI
$32.2K $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%
$644,100
Cap Rate 7%
$460,071
Cap Rate 9%
$357,833
Alternative Uses
Best Use
Apartment 5plus
$460.1K
$402.6K – $536.8K
NOI $32,205 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$970.1K
$848.8K – $1.13M
NOI $67,907 @ 7.0% cap · market cap 13.06%
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 - Corner residence in a full-service co-op with updated interiors, private outdoor space, and extensive building amenities.
Where is this residential income property located?
The property is located at 555 KAPPOCK Street 2E Bronx, NY.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 1,400‑square‑foot corner residence with 3 bedrooms and 2 bathrooms; Private outdoor terrace and dual exposures; High ceilings, bamboo floors, and open living and dining areas
