Legal Brick 3-Family
For Sale
$1,169,000
635 Coster St The, Bronx, NY 10474
Three-story legal 3-family with finished basement, separate entrance, and a private 2-car driveway.
Property Size3,180 SF
Price / SF$367.61
Days on Market101
Property Features for 635 Coster St The
General Information
Standard status
Active
Size
3,180 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,060
Building Details
Building Size
3,180 SF
Year Built
2007
Stories
3
Units
3
Listing Agency:
Do All Realty
Listed By:
Pincus M. Fulop
(718) 584-1000
Source:
Elliman
Added: Jun 10
Changed: Sep 11
Last Checked: Sep 16 at 6:28PM
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 Do All Realty
Investment Insights
Based on property information with market context.
Solid and legal 3-family brick home built in 2007, arranged as three stories plus a finished basement. The property features hardwood floors throughout and granite countertops. The upper floors offer two spacious 3-bedroom, 2-bathroom apartments, each including a primary suite with a private bath and walk-in closet. The first-floor unit provides a 2-bedroom, 1-bath layout. The finished basement includes a full bathroom, a large open layout, and a separate entrance.
The home includes a private 2-car driveway and is serviced by 4 electric meters and 2 gas meters. One of the apartments is currently vacant for delivery, while the other units are occupied by paying tenants. This property is located at 635 Coster Street, with access to the Bruckner Expressway and Bronx River Pkwy, along with public transportation options including local bus routes and the 6 train.
For buyers seeking a maintained income property with multiple residential configurations, this legal 3-family offers immediate occupancy on two units and a delivered-vacant unit for tenant placement. The basement’s separate entrance can support flexible use within the overall building layout. With established in-place rentals and a current vacancy, the property provides a straightforward setup for an owner-occupant or investor to manage leasing across the building’s apartments.
The home includes a private 2-car driveway and is serviced by 4 electric meters and 2 gas meters. One of the apartments is currently vacant for delivery, while the other units are occupied by paying tenants. This property is located at 635 Coster Street, with access to the Bruckner Expressway and Bronx River Pkwy, along with public transportation options including local bus routes and the 6 train.
For buyers seeking a maintained income property with multiple residential configurations, this legal 3-family offers immediate occupancy on two units and a delivered-vacant unit for tenant placement. The basement’s separate entrance can support flexible use within the overall building layout. With established in-place rentals and a current vacancy, the property provides a straightforward setup for an owner-occupant or investor to manage leasing across the building’s apartments.
Key Highlights
- Legal 3‑family brick home built in 2007 with finished basement and separate entrance for additional flexibility
- Approximately 3,180 total SF across 3 stories; about 1,060 SF per floor and a 20' x 53' building size
- Private 2‑car driveway plus 4 electric meters and 2 gas meters supporting separate utility metering
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
$80,777
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
6.91%
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%
$1,615,540
$1.6M
Cap Rate 7%
$1,153,957
$1.2M
Cap Rate 9%
$897,522
$897.5K
Market Conditions
NOI Build-Up for 3,180 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
$122.1K $38.40/SF
− Vacancy
−$6.7K −$2.11/SF
EGI
$115.4K $36.29/SF
− OpEx
−$34.6K −$10.89/SF
NOI
$80.8K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,615,540
Cap Rate 7%
$1,153,957
Cap Rate 9%
$897,522
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,777 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.05M
$914.4K – $1.22M
NOI $73,152 @ 7.0% cap · market cap 6.26%
Theoretical Best
Warehouse
$2.20M
$1.93M – $2.57M
NOI $154,246 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story legal 3-family with finished basement, separate entrance, and a private 2-car driveway.
Where is this triplex located?
The property is located at 635 Coster St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Legal 3‑family brick home built in 2007 with finished basement and separate entrance for additional flexibility; Approximately 3,180 total SF across 3 stories; about 1,060 SF per floor and a 20' x 53' building size; Private 2‑car driveway plus 4 electric meters and 2 gas meters supporting separate utility metering
