Residential Income Property with Renovated
For Sale
$215,000
735 Kappock Street 2F, Bronx, NY 10463
One-bedroom residence with updated finishes, building amenities, and access to Henry Hudson Park and Spuyten-Duyvil station.
Property Size800 SF
Price / SF$268.75
Days on Market52
Property Features for 735 Kappock Street 2F
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
part-time doorman
laundry room
storage room
garage parking (waitlisted)
Building Details
Building Size
800 SF
Year Built
1957
Listing Agency:
Sothebys International Realty
(646) 265-2262
Listed By:
Christopher Casey
(646) 265-2262
Source:
Carlinwright
Added: Jun 25
Changed: Aug 11
Last Checked: Aug 15 at 12:09PM
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 Sothebys International Realty
Investment Insights
Based on property information with market context.
This 800-square-foot, one-bedroom residence is located in a building constructed in 1957. The interior includes a renovated kitchen with marble countertops and stainless-steel appliances, providing a defined modern improvement within the home. Building amenities include a part-time doorman, laundry room, storage room, and garage parking with a waitlist.
The property is adjacent to Henry Hudson Park and near Spuyten-Duyvil station, providing access to outdoor space and rail service. Its Spuyten-Duyvil setting is within the Riverdale area, with a stated commuting connection to Manhattan.
The property is adjacent to Henry Hudson Park and near Spuyten-Duyvil station, providing access to outdoor space and rail service. Its Spuyten-Duyvil setting is within the Riverdale area, with a stated commuting connection to Manhattan.
Key Highlights
- 800‑square‑foot one‑bedroom residence
- Renovated kitchen with marble countertops and stainless‑steel appliances
- Building constructed in 1957
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
$18,403
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
8.56%
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%
$368,060
$368.1K
Cap Rate 7%
$262,900
$262.9K
Cap Rate 9%
$204,478
$204.5K
Market Conditions
NOI Build-Up for 800 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
$35.5K $44.40/SF
− Vacancy
−$2.1K −$2.58/SF
EGI
$33.5K $41.82/SF
− OpEx
−$15.1K −$18.82/SF
NOI
$18.4K $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%
$368,060
Cap Rate 7%
$262,900
Cap Rate 9%
$204,478
Alternative Uses
Best Use
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,403 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$554.3K
$485.1K – $646.7K
NOI $38,804 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom residence with updated finishes, building amenities, and access to Henry Hudson Park and Spuyten-Duyvil station.
Where is this residential income property located?
The property is located at 735 Kappock Street 2F Bronx, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 800‑square‑foot one‑bedroom residence; Renovated kitchen with marble countertops and stainless‑steel appliances; Building constructed in 1957
