Quadplex with Rear
For Sale
$999,000
758 E 224th Street, Bronx, NY 10466
Three apartments and a separate rear dwelling provide multiple residential units with distinct utility service.
Property Size2,500 SF
Price / SF$399.60
Days on Market37
Property Features for 758 E 224th Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Triplex
Units
Unit Mix
3 x 2BR
Multifamily Units
4
Individually Metered Utilities
electricity, gas
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,244
Amenities
stainless steel appliances
Building Details
Building Size
2,500 SF
Year Built
1925
Listing Agency:
Shaw Properties
Listed By:
Duwayne Shaw · License #37SH1038306
(914) 377-2371
Source:
Shawmetro
Added: Sep 27
Changed: Nov 1
Last Checked: Nov 1 at 3:09PM
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 Shaw Properties
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Investment Insights
Based on property information with market context.
This renovated quadplex includes three apartments and a separate dwelling unit at the rear. Each apartment has two bedrooms, stainless steel appliances, independent heating, and separate electric and gas utilities. The property was built in 1925.
Train service, shopping, and restaurants are within walking distance.
Train service, shopping, and restaurants are within walking distance.
Key Highlights
- Three apartments plus a separate rear ADU
- Each apartment has 2 bedrooms and stainless steel appliances
- Separate electric and gas utilities for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,504
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,080
$1.3M
Cap Rate 7%
$907,200
$907.2K
Cap Rate 9%
$705,600
$705.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$96.0K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$90.7K $36.29/SF
− OpEx
−$27.2K −$10.89/SF
NOI
$63.5K $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 Rate 5%
$1,270,080
Cap Rate 7%
$907,200
Cap Rate 9%
$705,600
Alternative Uses
Best Use
Multifamily LT 5
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$821.6K
$718.9K – $958.5K
NOI $57,509 @ 7.0% cap · market cap 5.76%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,263 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments and a separate rear dwelling provide multiple residential units with distinct utility service.
Where is this quadplex located?
The property is located at 758 E 224th Street Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three apartments plus a separate rear ADU; Each apartment has 2 bedrooms and stainless steel appliances; Separate electric and gas utilities for each apartment
