Renovated Brick
New
For Sale
$1,179,000
775 E 216th Street, Bronx, NY 10467
Residential Income, Bronx, NY
Property Size3,350 SF
Lot Size0.04 Acres
Price / SF$351.94
Days on Market2
Property Features for 775 E 216th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4
Parking features
Carport, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Chefs Kitchen, Granite Counters, Recessed Lighting, Washer/Dryer Hookup
Basement
Finished, Full, Walk-Out Access
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
04664-0010
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7122
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Forced Air, Energy Star Qualified Equipment (Heating)
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Amenities
driveway
garage
stainless steel appliances
wide oak wood flooring
recessed lighting
split unit central air
Building Details
Year built
1965
Number of units
2
Building materials
Brick
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 5:06PM
MLS# 1046506
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story brick multifamily property contains approximately 3,350 square feet of living space on a 0.0401-acre lot. The configuration includes two three-bedroom units and a two-bedroom garden-level unit, along with a garage, carport, and driveway. The building was constructed in 1965.
Renovated interiors feature open living and dining areas, granite kitchens with stainless steel appliances, tiled bathrooms, oak flooring, recessed lighting, and updated doors and moldings. Electrical, heating, plumbing, and split-unit central air systems have been updated. Additional features include a first-floor bedroom and full bath, washer/dryer hookups, public water, and public sewer.
The property is located at 775 E 216th Street in Bronx, NY 10467, near White Plains Road, Barnes Avenue, and Bronxwood Avenue. Schools, shopping centers, restaurants, cafes, parks, and major transportation are located nearby.
Renovated interiors feature open living and dining areas, granite kitchens with stainless steel appliances, tiled bathrooms, oak flooring, recessed lighting, and updated doors and moldings. Electrical, heating, plumbing, and split-unit central air systems have been updated. Additional features include a first-floor bedroom and full bath, washer/dryer hookups, public water, and public sewer.
The property is located at 775 E 216th Street in Bronx, NY 10467, near White Plains Road, Barnes Avenue, and Bronxwood Avenue. Schools, shopping centers, restaurants, cafes, parks, and major transportation are located nearby.
Key Highlights
- Three‑story brick multifamily property with approximately 3,350 square feet of living space
- Unit mix includes two 3‑bedroom units and one 2‑bedroom garden unit
- 0.0401‑acre lot with garage, carport, and driveway
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
$81,564
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
6.92%
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%
$1,631,280
$1.6M
Cap Rate 7%
$1,165,200
$1.2M
Cap Rate 9%
$906,267
$906.3K
Market Conditions
NOI Build-Up for 3,350 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
$124.6K $37.20/SF
− Vacancy
−$8.1K −$2.42/SF
EGI
$116.5K $34.78/SF
− OpEx
−$35.0K −$10.43/SF
NOI
$81.6K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /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%
$1,631,280
Cap Rate 7%
$1,165,200
Cap Rate 9%
$906,267
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,564 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$1.04M
$911.2K – $1.21M
NOI $72,897 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,492 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 residential units include two three-bedroom apartments and a two-bedroom garden unit.
Where is this triplex located?
The property is located at 775 E 216th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Three‑story brick multifamily property with approximately 3,350 square feet of living space; Unit mix includes two 3‑bedroom units and one 2‑bedroom garden unit; 0.0401‑acre lot with garage, carport, and driveway
