Bronx Multifamily Investment
1321 Lafayette Avenue Bronx, NY 10474
1321 Lafayette Avenue, Bronx, NY, 10474
$1,150,000
For Sale
$1,150,000
MULTI_FAMILY - Bronx, NY
Property Size3,100 SF
Lot Size0.07 Acres
Price / SF$370.97
Days on Market108
Property Features for 1321 Lafayette Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 3
- Parking features
- Driveway
- Interior features
- Eat-in Kitchen
- Standard status
- Active
- APN
- 02762-0129
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7797
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2000
- Number of units
- 3
- Building materials
- Brick
Listing agency
Motivated Access Realty Corp.
(646) 359-9753
Listed by
Hipolito Rosario · License #10311208838
(646) 359-9753
Added: Apr 6 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 3:06PM
MLS# 981456
Copyright © 2026 OneKey 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 multifamily property, located in the Bronx, presents a turnkey investment opportunity with a 7.3% cap rate. The property features a new roof, boiler, and windows, minimizing the need for immediate repairs. The building, with over 3,100 square feet, offers potential for both portfolio expansion and owner-occupancy with rental income. The property is being sold with two units already occupied by tenants, providing immediate cash flow. The 0.0666-acre lot offers city views. Located at 1321 Lafayette Avenue in the Bronx, this property is positioned as a move-in ready solution in a market with limited inventory.
Key Highlights
- 2000‑built brick multi‑family at 1321 Lafayette Ave with public water and public sewer
- Heating includes natural gas; cooling features wall/window unit(s) and window unit(s)
- Eat‑in kitchen interior feature
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 | $119.0k | $38.40 |
| − Vacancy | −$6.5k | −$2.11 |
| EGI | $112.5k | $36.29 |
| − OpEx | −$33.7k | −$10.89 |
| NOI | $78.7k | $25.40 |
3,100 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$984.3K – $1.31M
NOI $78,745 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$1.02M
$891.4K – $1.19M
NOI $71,311 @ 7.0% cap · market cap 6.20%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,366 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Belen Daycare Inc
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey multifamily property in the Bronx with immediate ROI.
Where is this triplex located?
The property is located at 1321 Lafayette Avenue 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: 2000‑built brick multi‑family at 1321 Lafayette Ave with public water and public sewer; Heating includes natural gas; cooling features wall/window unit(s) and window unit(s); Eat‑in kitchen interior feature
