Quadplex Residential Income
For Sale
$1,150,000
859 E 220 St, Bronx, NY 10467
MULTI_FAMILY - Bronx, NY
Property Size2,900 SF
Lot Size0.08 Acres
Price / SF$396.55
Days on Market120
Property Features for 859 E 220 St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Subdivision
Williamsbridge
High school district
NYC ED
Directions
GPS
Standard status
Active
Size
2,900 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
6304
Building Details
Year built
1920
Listing Agency:
SKYLER REALTY LLC
(845) 357-8500
Listed By:
Arduino Colomban
Added: Apr 17
Changed: Jul 2
Last Checked: Aug 14 at 11:06AM
MLS# 11694303
Copyright © 2026 My State 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 is a quadplex residential income property offered for sale in the Bronx. The building is configured as four separate residential units, supporting both an owner-occupant model and an investor rental strategy. The property size is listed at 2,900 square feet, set on a 0.0803-acre lot.
The address is 859 E 220 St, Bronx, NY 10467. The offering is presented as a four-unit opportunity for buyers seeking rental income from multiple units, with an option to live in one unit while renting the remaining three.
In terms of leasing and underwriting approach, the seller notes that current rents are low. As a result, buyers may view the property as a renovation- or rent-positioning candidate, depending on their own goals and due diligence. Whether you plan to occupy one unit or acquire purely for income, this quadplex structure provides multiple streams of residential rent within a single asset. All details should be verified through the offering materials and your own site inspection.
The address is 859 E 220 St, Bronx, NY 10467. The offering is presented as a four-unit opportunity for buyers seeking rental income from multiple units, with an option to live in one unit while renting the remaining three.
In terms of leasing and underwriting approach, the seller notes that current rents are low. As a result, buyers may view the property as a renovation- or rent-positioning candidate, depending on their own goals and due diligence. Whether you plan to occupy one unit or acquire purely for income, this quadplex structure provides multiple streams of residential rent within a single asset. All details should be verified through the offering materials and your own site inspection.
Key Highlights
- Year built: 1920
- Property has 4 units, with an option to live in one unit and rent the other three
- Current rents are described as low, with potential upside noted by the seller
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
$70,607
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
6.14%
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%
$1,412,140
$1.4M
Cap Rate 7%
$1,008,671
$1.0M
Cap Rate 9%
$784,522
$784.5K
Market Conditions
NOI Build-Up for 2,900 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
$107.9K $37.20/SF
− Vacancy
−$7.0K −$2.42/SF
EGI
$100.9K $34.78/SF
− OpEx
−$30.3K −$10.43/SF
NOI
$70.6K $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%
$1,412,140
Cap Rate 7%
$1,008,671
Cap Rate 9%
$784,522
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.6K – $1.18M
NOI $70,607 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$901.5K
$788.8K – $1.05M
NOI $63,105 @ 7.0% cap · market cap 5.49%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,665 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,558
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?
Quadplex - Four-unit income property in the Bronx offered for sale, with seller notes indicating current rents are low.
Where is this quadplex located?
The property is located at 859 E 220 St 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: Year built: 1920; Property has 4 units, with an option to live in one unit and rent the other three; Current rents are described as low, with potential upside noted by the seller
