Longwood Three-Family Brick
For Sale
$1,199,900
637 Barretto St The, Bronx, NY 10474
Attached 3-family home in Longwood with investment potential.
Property Size3,295 SF
Lot Size0.04 Acres
Days on Market166
Property Features for 637 Barretto St The
General Information
Standard status
Active
Size
3,295 SF
Lot size
0.04 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,580
Building Details
Building Size
3,295 SF
Year Built
2007
Units
3
Listing Agency:
YourHomeSold Guaranteed Realty
(917) 957-7266
Listed By:
Seidou Moluh · License #40CA1173900
(917) 957-7266
Source:
Elliman
Added: Mar 10
Changed: Aug 19
Last Checked: Aug 21 at 1:30PM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
Located in Longwood, this attached brick three-family home presents an investment opportunity or potential for owner-occupancy. The first-floor unit includes 2 bedrooms and 1 full bath. The second and third-floor units each feature 3 bedrooms and 2 bathrooms. The property includes a backyard suitable for outdoor gatherings. Street parking is available. The location provides convenient access to shopping, schools, public transportation, and major highways.
Key Highlights
- Three separate units offer investment potential or owner‑occupancy opportunity.
- Two units feature 3 bedrooms and 2 bathrooms each.
- Convenient location near shopping, schools, public transportation, and major highways.
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
$83,698
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
6.98%
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%
$1,673,960
$1.7M
Cap Rate 7%
$1,195,686
$1.2M
Cap Rate 9%
$929,978
$930.0K
Market Conditions
NOI Build-Up for 3,295 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
$126.5K $38.40/SF
− Vacancy
−$7.0K −$2.11/SF
EGI
$119.6K $36.29/SF
− OpEx
−$35.9K −$10.89/SF
NOI
$83.7K $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%
$1,673,960
Cap Rate 7%
$1,195,686
Cap Rate 9%
$929,978
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,698 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.08M
$947.5K – $1.26M
NOI $75,797 @ 7.0% cap · market cap 6.32%
Theoretical Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,824 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,588
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Attached 3-family home in Longwood with investment potential.
Where is this triplex located?
The property is located at 637 Barretto St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Three separate units offer investment potential or owner‑occupancy opportunity.; Two units feature **3 bedrooms and 2 bathrooms each**.; Convenient location near shopping, schools, public transportation, and major highways.
