Six-Story Mixed-Use
For Sale
Contact for pricing
701 E 175th St, Bronx, NY 10457
Residential and commercial space are combined in a Bronx building with a corner presence and transit access.
Property Size15,070 SF
Price / SF$398.14
Days on Market280
Property Features for 701 E 175th St
General Information
Standard status
Active
Size
15,070 SF
Class
C
Property subtype
Mixed Use
Zoning
X
Investment Type
Stabilized
Building Details
Year Built
1931
Buildings
1
Stories
6
Units
24
Listing Agency:
DiGiulio
(212) 468-5955
Listed By:
Jason Berisha · License #10401394092
Source:
Crexi
Added: Nov 24, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:06PM
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 DiGiulio
Investment Insights
Based on property information with market context.
Located at 701 E 175th Street in the East Tremont section of the Bronx, this six-story mixed-use building combines residential and commercial components. The property contains 20–24 residential units alongside commercial units, creating a diversified configuration within one asset. Built in 1931, the building encompasses approximately 15,070 sq ft on a 3,510 sq ft lot.
The property occupies a corner position in the Bronx and is described as being near major transit, with steady foot traffic in the surrounding area. Its address places the building within East Tremont, providing an established urban setting for the existing residential and commercial layout.
The property occupies a corner position in the Bronx and is described as being near major transit, with steady foot traffic in the surrounding area. Its address places the building within East Tremont, providing an established urban setting for the existing residential and commercial layout.
Key Highlights
- Six‑story mixed‑use building with residential and commercial components
- 20–24 residential units
- Approximately 15,070 sq ft building on a 3,510 sq ft lot
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
$346,665
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
5.78%
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%
$6,933,300
$6.9M
Cap Rate 7%
$4,952,357
$5.0M
Cap Rate 9%
$3,851,833
$3.9M
Market Conditions
NOI Build-Up for 15,070 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
$669.1K $44.40/SF
− Vacancy
−$38.8K −$2.58/SF
EGI
$630.3K $41.82/SF
− OpEx
−$283.6K −$18.82/SF
NOI
$346.7K $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%
$6,933,300
Cap Rate 7%
$4,952,357
Cap Rate 9%
$3,851,833
Alternative Uses
Best Use
Apartment 5plus
$4.95M
$4.33M – $5.78M
NOI $346,665 @ 7.0% cap · market cap 5.78%
Second Best
Retail
$4.53M
$3.97M – $5.29M
NOI $317,230 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$10.44M
$9.14M – $12.18M
NOI $730,972 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,710
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
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?
Mixed-use property - Residential and commercial space are combined in a Bronx building with a corner presence and transit access.
Where is this mixed-use property located?
The property is located at 701 E 175th St Bronx, NY.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Six‑story mixed‑use building with residential and commercial components; 20–24 residential units; Approximately 15,070 sq ft building on a 3,510 sq ft lot
