Top-Floor Residential Income
For Sale
$139,000
762 CAULDWELL Avenue 20, Bronx, NY 10456
Move-in-ready apartment with hardwood floors, abundant natural light, and a modern kitchen with stainless steel appliances.
Property Size450 SF
Price / SF$308.89
Days on Market62
Property Features for 762 CAULDWELL Avenue 20
General Information
Standard status
Active
Size
450 SF
Property subtype
Apartment
Additional Details
HOA Fee
$1,400
Public Transit
Yes
Multifamily Units
20
Amenities
hardwood floors
modernized kitchen
stainless steel appliances
pet friendly
Building Details
Building Size
450 SF
Year Built
1906
Buildings
1
Stories
5
Listing Agency:
Corcoran Group
(646) 721-7281
Listed By:
Davendra D Bhagwandin · License #10301219681 (NY)
(646) 721-7281
Source:
Miradorrealestate
Added: Jun 15
Changed: Aug 15
Last Checked: Aug 15 at 11:55AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This 450 SF apartment occupies the fifth floor, the top level, of a walk-up HDFC property. The residence is move-in ready and features hardwood flooring, strong natural light, and an updated kitchen fitted with stainless steel appliances. Pets are permitted, and the building has a lenient sublet policy.
The apartment is part of a 20-unit, self-managed building near the 2/5 Train and St. Mary's Park. The location also provides access to Manhattan, Melrose, and Mott Haven. Built in 1906, the property is presented with virtual staging.
The apartment is part of a 20-unit, self-managed building near the 2/5 Train and St. Mary's Park. The location also provides access to Manhattan, Melrose, and Mott Haven. Built in 1906, the property is presented with virtual staging.
Key Highlights
- 450 SF top‑floor apartment on the fifth floor of a walk‑up building
- Located in a 20‑unit self‑managed HDFC building
- Modern kitchen with stainless steel appliances
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
$10,525
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
7.57%
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%
$210,500
$210.5K
Cap Rate 7%
$150,357
$150.4K
Cap Rate 9%
$116,944
$116.9K
Market Conditions
NOI Build-Up for 450 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
$20.3K $45.00/SF
− Vacancy
−$1.1K −$2.48/SF
EGI
$19.1K $42.53/SF
− OpEx
−$8.6K −$19.14/SF
NOI
$10.5K $23.39/SF
Area
ZIP 10456
Vacancy
5.50%
Lease Rate
$45.00 /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%
$210,500
Cap Rate 7%
$150,357
Cap Rate 9%
$116,944
Alternative Uses
Best Use
Apartment 5plus
$150.4K
$131.6K – $175.4K
NOI $10,525 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.7K
$199.3K – $265.7K
NOI $15,941 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
5,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 10456, NY
93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in-ready apartment with hardwood floors, abundant natural light, and a modern kitchen with stainless steel appliances.
Where is this residential income property located?
The property is located at 762 CAULDWELL Avenue 20 Bronx, NY.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 450 SF top‑floor apartment on the fifth floor of a walk‑up building; Located in a 20‑unit self‑managed HDFC building; Modern kitchen with stainless steel appliances
