Renovated Triplex with Updated
For Sale
$1,150,000
760 Van Nest Ave The, Bronx, NY 10462
Three-story triplex with fully renovated apartments, currently tenant occupied with eviction in final stage.
Property Size3,312 SF
Days on Market116
Property Features for 760 Van Nest Ave The
General Information
Standard status
Active
Size
3,312 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,826
Building Details
Building Size
3,312 SF
Year Built
1901
Stories
3
Units
3
Listing Agency:
(917) 417-6766
Listed By:
Ali A. Sikder
(917) 417-6766
Source:
Elliman
Added: Apr 28
Changed: Aug 19
Last Checked: Aug 21 at 7:30AM
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 Ali A. Sikder
Investment Insights
Based on property information with market context.
This three-story triplex contains three separate family units with no basement. The ground floor offers two bedrooms, one living room, an eat-in kitchen, and one full bathroom. The first floor provides three bedrooms, one living room, an eat-in kitchen, one full bathroom, and one half bathroom. The second floor features four bedrooms, one living room, an eat-in kitchen, one full bathroom, and one half bathroom. The property is described as fully renovated overall and in excellent condition, and it is currently tenant occupied with the final stage of the eviction process underway.
The building is located in the Bronx, approximately two blocks from White Plains Road. Walk and transit access metrics are strong, with WalkScore and transitScore both in the high range.
Two units are delivered renovated, and the offering includes a large unit as part of the three-unit configuration.
The building is located in the Bronx, approximately two blocks from White Plains Road. Walk and transit access metrics are strong, with WalkScore and transitScore both in the high range.
Two units are delivered renovated, and the offering includes a large unit as part of the three-unit configuration.
Key Highlights
- 1901‑built three‑story triplex (no basement) currently tenant occupied; final stage of eviction process
- Fully renovated apartments with multiple unit layouts: ground floor 2BD/1 living room, 1 full bath, eat‑in kitchen
- 1st floor features 3BD/1 living room, eat‑in kitchen, 1 full bath and 1 half bath, fully renovated
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
$80,424
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
6.99%
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%
$1,608,480
$1.6M
Cap Rate 7%
$1,148,914
$1.1M
Cap Rate 9%
$893,600
$893.6K
Market Conditions
NOI Build-Up for 3,312 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
$121.2K $36.60/SF
− Vacancy
−$6.3K −$1.91/SF
EGI
$114.9K $34.69/SF
− OpEx
−$34.5K −$10.41/SF
NOI
$80.4K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,608,480
Cap Rate 7%
$1,148,914
Cap Rate 9%
$893,600
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,424 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.02M
$896.0K – $1.19M
NOI $71,680 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,622 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
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?
Triplex - Three-story triplex with fully renovated apartments, currently tenant occupied with eviction in final stage.
Where is this triplex located?
The property is located at 760 Van Nest Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1901‑built three‑story triplex (no basement) currently tenant occupied; final stage of eviction process; Fully renovated apartments with multiple unit layouts: ground floor 2BD/1 living room, 1 full bath, eat‑in kitchen; 1st floor features 3BD/1 living room, eat‑in kitchen, 1 full bath and 1 half bath, fully renovated
