Fully Occupied Multifamily
For Sale
$814,900
712 E 134th Street, Bronx, NY 10454
Fully occupied multifamily building with no access available; built in 1920.
Property Size1,775 SF
Price / SF$459.10
Days on Market26
Property Features for 712 E 134th Street
General Information
Standard status
Active
Size
1,775 SF
Property subtype
Multi Family
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$2,218
Building Details
Building Size
1,775 SF
Year Built
1920
Listing Agency:
R New York
(646) 709-1112
Listed By:
Gloria Washington
(646) 709-1112
Source:
Howardhannanyc
Added: Jul 21
Changed: Aug 15
Last Checked: Aug 15 at 9:32AM
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 R New York
Investment Insights
Based on property information with market context.
This multifamily building is being marketed under auction terms. Pre-sale offers should be submitted through the auctioneer, and all offers are subject to seller’s approval.
No access is available and the property is fully occupied. Please do not disturb occupants and do not trespass. The building was constructed in 1920. The property size is listed as 1,775.
The auction framework means due diligence should be planned around the limited access condition, with any required inspections handled by the buyer at their own expense.
No access is available and the property is fully occupied. Please do not disturb occupants and do not trespass. The building was constructed in 1920. The property size is listed as 1,775.
The auction framework means due diligence should be planned around the limited access condition, with any required inspections handled by the buyer at their own expense.
Key Highlights
- Multifamily building under auction terms
- Pre‑sale offers submitted through the auctioneer
- All offers subject to seller’s approval
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
$40,831
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
5.01%
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%
$816,620
$816.6K
Cap Rate 7%
$583,300
$583.3K
Cap Rate 9%
$453,678
$453.7K
Market Conditions
NOI Build-Up for 1,775 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
$78.8K $44.40/SF
− Vacancy
−$4.6K −$2.58/SF
EGI
$74.2K $41.82/SF
− OpEx
−$33.4K −$18.82/SF
NOI
$40.8K $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%
$816,620
Cap Rate 7%
$583,300
Cap Rate 9%
$453,678
Alternative Uses
Best Use
Apartment 5plus
$583.3K
$510.4K – $680.5K
NOI $40,831 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.23M
$1.08M – $1.43M
NOI $86,097 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,949
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
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?
Multifamily property - Fully occupied multifamily building with no access available; built in 1920.
Where is this multifamily property located?
The property is located at 712 E 134th Street Bronx, NY.
What is the asking price?
The asking price for this property is $814,900.
What are key features of this property?
This property features: Multifamily building under auction terms; Pre‑sale offers submitted through the auctioneer; All offers subject to seller’s approval
