Auction-Subject Multifamily Income
For Sale
$814,900
712 E 134th St The, Bronx, NY 10454
For sale multifamily property fully occupied with no public access available; sold under auction terms.
Property Size1,775 SF
Days on Market23
Property Features for 712 E 134th St The
General Information
Standard status
Active
Size
1,775 SF
Property subtype
Multi Family
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:
Elliman
Added: Jul 24
Changed: Aug 15
Last Checked: Aug 15 at 7:54AM
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 income property is for sale under auction terms. Pre-sale offers must be submitted through the auctioneer, and the listing agent can provide additional submission details since it is not permitted to be syndicated here. The property is subject to a 5% buyer’s premium pursuant to the auction terms and conditions, and minimums may apply. All offers are subject to seller’s approval.
No access is available and the property is fully occupied; please do not disturb occupants or trespass. Buyer is responsible for any mandatory inspections required to close at their own expense.
Walk and transit accessibility are strong based on the provided scores, including a WalkScore of 96 and a TransitScore of 100 (Rider’s Paradise), with a BikeScore of 83 (Very Bikeable).
No access is available and the property is fully occupied; please do not disturb occupants or trespass. Buyer is responsible for any mandatory inspections required to close at their own expense.
Walk and transit accessibility are strong based on the provided scores, including a WalkScore of 96 and a TransitScore of 100 (Rider’s Paradise), with a BikeScore of 83 (Very Bikeable).
Key Highlights
- Fully occupied multifamily property with no public access available; do not disturb occupants, no trespassing
- Sold under auction terms; pre‑sale offers must be submitted through the auctioneer
- 5% buyer’s premium applies per auction terms and conditions (minimums may apply)
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
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property fully occupied with no public access available; sold under auction terms.
Where is this multifamily property located?
The property is located at 712 E 134th St The 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: Fully occupied multifamily property with no public access available; do not disturb occupants, no trespassing; Sold under auction terms; pre‑sale offers must be submitted through the auctioneer; 5% buyer’s premium applies per auction terms and conditions (minimums may apply)
