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    811 E 178Th St Bronx, NY 10460

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    811 E 178Th St Bronx, NY 10460

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    • Apartment buildings
    • 20,704 SF
    • 0.13 lot acres
    For Sale
    $6,500,000
    View Listing →
    26-Unit Apartment Building Investment For Sale
    $6,500,000
    0.13 Acres

    26-Unit Apartment Building Investment

    Well-kept, fully occupied apartment building in the Crotona section.

    811 E 178th Street, Bronx, NY 10460
    View Listing
    Property ID
    US63-5584710
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MackCity production / Music Venue

    Property Details for 811 E 178Th St

    Year built
    1913
    Lot size
    0.13 lot acres
    Property size
    20,704 SF
    Zone code
    R7-1
    Property type
    Apartment buildings
    APN
    03107-0013
    APU
    31070013

    Description

    This exceptional 26-unit apartment building presents a lucrative investment opportunity in the thriving Crotona section of the Bronx, New York. Located at 811 E 178th St, this well-maintained property boasts a substantial 20,704 square feet on a 0.13-acre lot. Currently operating at 100% occupancy, this asset guarantees immediate and consistent cash flow. Recent upgrades include a comprehensive plumbing system overhaul, minimizing future maintenance costs and ensuring tenant satisfaction. Furthermore, the building features an energy-efficient heating system, significantly reducing winter operational expenses. This translates to a strong return on investment, particularly attractive given the Bronx's robust and sustained real estate market growth. The property's prime location within the Crotona neighborhood offers convenient access to local amenities, transportation, and a growing population base. This is a rare chance to acquire a stable, high-performing multifamily property with significant upside potential. The asking price is $7,500,000. Serious inquiries only. Financial statements and further details are available upon request. This property is offered as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,127,000
      Market price range: $1.75M - $4.34M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,735,000
      Current use
      COMMERCIAL (GENERAL)
      $4,600,000
      Change: +68% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8866
    Latitude
    40.8446
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $80,867
    $101,700
    $545,130
    $646,830
    -
    $226,000
    $1,252,000
    $1,478,000

    Comparable in this City

    • Value Estimation
      $4,760,000
      30,165 SF

      1295 Rodman Pl

      APARTMENT HOUSE (5+ UNITS) • 30,165 SF
      1295 Rodman Pl, Bronx, NY 10460-4524
      View Details
    • Value Estimation
      $3,800,000
      228,404 SF

      999 Tremont Ave

      APARTMENT HOUSE (5+ UNITS) • 228,404 SF
      999 Tremont Ave, Bronx, NY 10460
      View Details
    • Value Estimation by Request
      11,517 SF

      887 178th St

      APARTMENT HOUSE (5+ UNITS) • 11,517 SF
      887 178th St, Bronx, NY 10460-1725
      View Details
    • Value Estimation
      $4,985,000
      33,803 SF

      2082 Mohegan Ave, Unit 2088

      APARTMENT HOUSE (5+ UNITS) • 33,803 SF
      2082 Mohegan Ave, Bronx, NY 10460-1760
      View Details
    • Value Estimation
      $2,280,000
      43,980 SF

      815 Fairmount Pl

      APARTMENT HOUSE (5+ UNITS) • 43,980 SF
      815 Fairmount Pl, Bronx, NY 10460-4100
      View Details
    • Value Estimation
      $5,190,000
      37,100 SF

      1933 Daly Ave, Unit 1939

      APARTMENT HOUSE (5+ UNITS) • 37,100 SF
      1933 Daly Ave, Bronx, NY 10460-4317
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Bronx Mixed-Use Investment Property

      Mixed-use property with residential and retail in high-demand Bronx area.
      804 E 178Th St, Bronx, NY 10460
      View Details
    • $4,100,000

      Bronx Mixed-Use Investment Opportunity

      Mixed-use property with residential and retail income potential.
      804 E 178Th St, Bronx, NY 10460
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Frontage Available

      Retail space with 84 feet of frontage for rent.
      909 E Tremont Ave, Bronx, NY 10460
      View Details
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      West Farms Sublease Opportunity

      Sublease opportunity in West Farms near subway station.
      1055 E Tremont Ave, Bronx, NY 10460
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    • Contact for pricing
      20,000 SF

      Bronx Warehouse with Loading Dock

      20,000 SF Bronx warehouse space with loading dock.
      2111 Southern Blvd, Bronx, NY 10460
      View Details
    • $23 SF/Yr

      West Farms Sublease Opportunity

      Sublease opportunity in West Farms near subway station.
      1055 E Tremont Ave, Bronx, NY 10460
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    • Contact for pricing
      4,250 SF

      East Tremont Avenue Retail Space

      Retail, medical, restaurant, and education uses are all considered.
      773-775 E Tremont Ave, Bronx, NY 10460
      View Details
    View Listing
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    Bronx, NY 10460
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    811 E 178Th St, Bronx, NY, 10460

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