Three-Family Residential
1059 Ward Avenue Bronx, NY 10472
1059 Ward Avenue, Bronx, NY, 10472
$985,000
For Sale
$985,000
MULTI_FAMILY - Bronx, NY
Property Size3,520 SF
Lot Size0.06 Acres
Price / SF$279.83
Days on Market121
Property Features for 1059 Ward Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
- Parking features
- On Street
- Basement
- Apartment
- Standard status
- Active
- APN
- 03715-0041
- Size
- 3,520 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7254
Utilities
- Sewer type
- Public Sewer
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick
Listing Agency
Robert DeFalco Realty, Inc.
(718) 987-7900
1678 Hylan Blvd., STATEN ISLAND, NY
Listed by
Hani M Ayad
(718) 987-7900
Added: Mar 20 Checked: Jul 18 at 11:06 pm
MLS# 2601435
Listing URL
Copyright © 2026 Staten Island Board of Realtors. 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 three-family residential building for sale, identified as a 3-family structure on a 0.06-acre lot. The property size is listed at 3,520 square feet. Zoning is R6 with a C1-2 overlay, as stated in the listing remarks.
The property is located at 1059 Ward Avenue in the Bronx, NY 10472. Viewing is limited: the listing indicates it is drive-by only, and states “do not enter” due to uninhabitable and dangerous conditions. The remarks further note that the agent was unable to access the interior and that all information is subject to E&O.
For prospective buyers and investors, this offering may fit those specifically evaluating residential income properties within an R6/C1-2 overlay. Because the listing reports dangerous, uninhabitable conditions and no interior access, due diligence will be especially important for underwriting, confirming layout details, and verifying the accuracy of operational information prior to any commitment.
The property is located at 1059 Ward Avenue in the Bronx, NY 10472. Viewing is limited: the listing indicates it is drive-by only, and states “do not enter” due to uninhabitable and dangerous conditions. The remarks further note that the agent was unable to access the interior and that all information is subject to E&O.
For prospective buyers and investors, this offering may fit those specifically evaluating residential income properties within an R6/C1-2 overlay. Because the listing reports dangerous, uninhabitable conditions and no interior access, due diligence will be especially important for underwriting, confirming layout details, and verifying the accuracy of operational information prior to any commitment.
Key Highlights
- Zoned R6 with C1‑2 overlay (3‑family building)
- Brick construction with heating systems including steam and natural gas
- Public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.2k | $38.40 |
| − Vacancy | −$7.4k | −$2.11 |
| EGI | $127.7k | $36.29 |
| − OpEx | −$38.3k | −$10.89 |
| NOI | $89.4k | $25.40 |
3,520 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,414 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,973 @ 7.0% cap · market cap 8.22%
Theoretical Best
Warehouse
$2.44M
$2.13M – $2.85M
NOI $170,738 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family building in Bronx with R6 zoning and C1-2 overlay, offered for sale with drive-by viewing only.
Where is this triplex located?
The property is located at 1059 Ward Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Zoned R6 with C1‑2 overlay (3‑family building); Brick construction with heating systems including steam and natural gas; Public sewer
