Renovated Brick
For Sale
$1,099,500
782 Cauldwell Avenue, Bronx, NY 10456
Three apartments include two three-bedroom homes and a studio, with one three-bedroom unit currently vacant.
Property Size1,882 SF
Days on Market154
Property Features for 782 Cauldwell Avenue
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Residential Income
Zoning
R6
Units
Unit Mix
2 x 3BR, 1 x studio
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,134
Building Details
Building Size
1,882 SF
Year Built
1901
Units
3
Construction
brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Kenneth Fuentes · License #10401214433
(718) 697-6800
Source:
Cohenandcohenrealty
Added: Mar 15
Changed: Aug 14
Last Checked: Aug 15 at 1:43PM
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 Keller Williams Realty NYC Grp
Investment Insights
Based on property information with market context.
This brick triplex was built in 1901 and has undergone a full renovation. The unit mix includes two three-bedroom apartments and one studio. The first-floor three-bedroom apartment is vacant, while the upper three-bedroom apartment and studio are occupied, creating an existing income component alongside owner-occupancy potential.
The property is located at 782 Cauldwell Avenue in the Longwood section of the Bronx, near the Prospect Avenue and Jackson Avenue stations serving the #2 and #5 trains. R6 zoning is in place and may support redevelopment, subject to review by an architect and applicable requirements.
The property is located at 782 Cauldwell Avenue in the Longwood section of the Bronx, near the Prospect Avenue and Jackson Avenue stations serving the #2 and #5 trains. R6 zoning is in place and may support redevelopment, subject to review by an architect and applicable requirements.
Key Highlights
- Three‑unit layout with two three‑bedroom apartments and one studio
- First‑floor three‑bedroom apartment is currently vacant
- Upper three‑bedroom apartment and studio are occupied
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
$48,818
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
4.44%
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%
$976,360
$976.4K
Cap Rate 7%
$697,400
$697.4K
Cap Rate 9%
$542,422
$542.4K
Market Conditions
NOI Build-Up for 1,882 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
$72.3K $38.40/SF
− Vacancy
−$2.5K −$1.34/SF
EGI
$69.7K $37.06/SF
− OpEx
−$20.9K −$11.12/SF
NOI
$48.8K $25.94/SF
Area
ZIP 10456
Vacancy
3.50%
Lease Rate
$38.40 /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%
$976,360
Cap Rate 7%
$697,400
Cap Rate 9%
$542,422
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.6K
NOI $48,818 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$628.8K
$550.2K – $733.6K
NOI $44,018 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$952.4K
$833.4K – $1.11M
NOI $66,668 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
5,315
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
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 apartments include two three-bedroom homes and a studio, with one three-bedroom unit currently vacant.
Where is this triplex located?
The property is located at 782 Cauldwell Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,500.
What are key features of this property?
This property features: Three‑unit layout with two three‑bedroom apartments and one studio; First‑floor three‑bedroom apartment is currently vacant; Upper three‑bedroom apartment and studio are occupied
