Four-Unit Quadplex
For Sale
$675,000
801 E 163RD Street, Bronx, NY 10456
Two adjoining buildings combine varied residential layouts with finished basements, private backyards, and one currently vacant unit.
Property Size1,940 SF
Price / SF$347.94
Days on Market10
Property Features for 801 E 163RD Street
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Multi Family
Occupancy
75%
Units
Unit Mix
2 x 3BR/1.5BA duplex, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,688
Building Details
Building Size
1,940 SF
Year Built
2005
Buildings
2
Listing Agency:
Revived Residential
Listed By:
Robert Burnett
(631) 872-8265
Source:
Bondnyre
Added: Sep 18
Changed: Sep 25
Last Checked: Sep 26 at 2:29PM
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 Revived Residential
Investment Insights
Based on property information with market context.
This package combines 799 and 801 East 163rd Street into two separate residential buildings containing four units. Each building includes a 3-bedroom, 1.5-bath duplex and a 1-bedroom, 1-bath apartment. The lower-level homes include finished basement space with an additional bathroom and private backyard access, expanding the usable area of those units.
The property is fully occupied at 799 East 163rd Street, while 801 East 163rd Street has one vacancy. Tenants pay their own utilities. Located in Morrisania, the buildings are near public transportation, shopping, dining, and everyday services.
The property is fully occupied at 799 East 163rd Street, while 801 East 163rd Street has one vacancy. Tenants pay their own utilities. Located in Morrisania, the buildings are near public transportation, shopping, dining, and everyday services.
Key Highlights
- Four residential units across two separate buildings
- Each building includes a 3‑bedroom, 1.5‑bath duplex and a 1‑bedroom, 1‑bath apartment
- Finished basements with an additional bathroom serve both lower units
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
$50,322
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
7.46%
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%
$1,006,440
$1.0M
Cap Rate 7%
$718,886
$718.9K
Cap Rate 9%
$559,133
$559.1K
Market Conditions
NOI Build-Up for 1,940 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
$74.5K $38.40/SF
− Vacancy
−$2.6K −$1.34/SF
EGI
$71.9K $37.06/SF
− OpEx
−$21.6K −$11.12/SF
NOI
$50.3K $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%
$1,006,440
Cap Rate 7%
$718,886
Cap Rate 9%
$559,133
Alternative Uses
Best Use
Multifamily LT 5
$718.9K
$629.0K – $838.7K
NOI $50,322 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$648.2K
$567.2K – $756.2K
NOI $45,374 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$981.8K
$859.0K – $1.15M
NOI $68,723 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,134
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two adjoining buildings combine varied residential layouts with finished basements, private backyards, and one currently vacant unit.
Where is this quadplex located?
The property is located at 801 E 163RD Street Bronx, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four residential units across two separate buildings; Each building includes a 3‑bedroom, 1.5‑bath duplex and a 1‑bedroom, 1‑bath apartment; Finished basements with an additional bathroom serve both lower units
