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536 Throggs Neck Expy - Triplex + Basement 4-Units 4 Unit Apartment Building Offered at $1,159,000 at a 6.47% Cap Rate Bronx, NY 10465
Investment Highlights
- Steps from park
- 3 levels plus basement
- Steps from local and express transportation to NYC
Executive Summary
Legal 2-family house
?? $6,800/month in-place rent roll + 1BR vacancy
Low expenses. Strong income. Immediate upside.
Solid paying tenants producing $6,800/month
1-bedroom currently vacant (value-add opportunity)
Annual property taxes only $8,211 — significantly lower than most 4-family comps
Zoned NYC R4 (future appreciation + reclassification potential)
Major Upside Opportunities:
1?? Convert existing garage into additional bedroom ? turn vacant 1BR into 2BR
2?? Reconfigure basement studio into 1BR or possibly 2BR
3?? Increase rent roll and elevate asset classification over time
Perfect for investors looking to push rents while locking in long-term appreciation.
?? Prime Throgs Neck Location
Steps to Bicentennial Veterans Memorial Park
Short walk/bike to Pelham Bay Park & Orchard Beach
Access to private beaches + active neighborhood associations
Top-rated public, private & charter school options nearby.
?? Express Bus to Manhattan — short walk
? Ferry — 7 min drive
?? 1-fare subway access
Easy bridge access to Queens
This is a rare opportunity to own a 4-unit asset with:
? Strong in-place income
? Clear value-add path
? Low property taxes
? Waterfront community lifestyle (no flood insurance required)
?? $6,800/month in-place rent roll + 1BR vacancy
Low expenses. Strong income. Immediate upside.
Solid paying tenants producing $6,800/month
1-bedroom currently vacant (value-add opportunity)
Annual property taxes only $8,211 — significantly lower than most 4-family comps
Zoned NYC R4 (future appreciation + reclassification potential)
Major Upside Opportunities:
1?? Convert existing garage into additional bedroom ? turn vacant 1BR into 2BR
2?? Reconfigure basement studio into 1BR or possibly 2BR
3?? Increase rent roll and elevate asset classification over time
Perfect for investors looking to push rents while locking in long-term appreciation.
?? Prime Throgs Neck Location
Steps to Bicentennial Veterans Memorial Park
Short walk/bike to Pelham Bay Park & Orchard Beach
Access to private beaches + active neighborhood associations
Top-rated public, private & charter school options nearby.
?? Express Bus to Manhattan — short walk
? Ferry — 7 min drive
?? 1-fare subway access
Easy bridge access to Queens
This is a rare opportunity to own a 4-unit asset with:
? Strong in-place income
? Clear value-add path
? Low property taxes
? Waterfront community lifestyle (no flood insurance required)
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,159,000 | Property Type | Multifamily |
| Price Per Unit | $289,750 | Building Size | 3,000 SF |
| Sale Type | Investment | Average Occupancy | 75% |
| Cap Rate | 6.47% | No. Stories | 3 |
| No. Units | 4 | Year Built | 1960 |
| Price | $1,159,000 |
| Price Per Unit | $289,750 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,000 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1960 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $2,700 | 900 |
| 2+1.5 | 1 | $2,700 | 900 |
| 1+1 | 1 | - | 800 |
| Studios | 1 | $1,400 | 1,000 |
1 1
Walk Score®
Very Walkable (71)
1 of 14
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536 Throggs Neck Expy - Triplex + Basement 4-Units
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