Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2319 Prospect Ave Bronx, NY 10458

    View on Map
    Sponsored
    Picture of Triplexes at Prospect Ave 2319, Bronx, NY
    For Sale
    $650,000

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.04 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 27 at 11:06 pm

    Property Features for 2319 Prospect Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Basement, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    APN
    03102-0054
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
    Basement
    Crawl Space
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    3
    Building materials
    Brownstone

    We can help!

    Listing Contact
    Janet Bingham

    Keller Williams Realty Group

    Listing agent Janet Bingham

    Listing date Mar 25, 2026

    MLS# 968157

    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.

    Learn more

    Property Insight Report

    Overview

    Bronx Three-Family Property

    This three-family property is located in the Belmont section of The Bronx, in an R7-1 zoned district. The property features three residential units, each offering two bedrooms, a living room, a dining area, a kitchen, and one full bathroom. The property is positioned as a development opportunity with potential for value-add improvements or redevelopment. It is conveniently located near public transportation, shopping, schools, and major highways, providing easy access to surrounding areas and the rest of New York City. The heating fuel is oil, with the tank above ground. The property is sold as is. The lot size is 0.036 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.883767
    Latitude
    40.852183

    Nearby Similar for Sale

    • $500,000
      1,092 SF

      Turnkey Deli & Gourmet Market

      Established Bronx deli with licenses and upcoming area improvements.
      6469 Broadway, Bronx, NY 10471
      View Details
    • $998,950
      2,500 SF

      Bronx Two-Family Investment Opportunity

      Income-producing two-family property with land and revenue streams.
      1021 E 213Th St, Bronx, NY 10469
      View Details
    • $400,000

      Bronx Diner For Sale

      Turn-key diner in the Bronx, a community staple.
      2055 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • $165,000
      751 SF

      Commercial Co-op in Art Deco Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • $165,000
      751 SF

      Commercial Co-op in Iconic Building

      751 sq ft professional space near Bronx Supreme Court.
      860 Grand Concourse, Bronx, NY 10451
      View Details
    • $124,900

      Established Pizzeria in Williamsbridge

      Thriving pizzeria for sale in the heart of Williamsbridge.
      1809 Williamsbridge Rd, Bronx, NY 10461
      View Details
    • New
      $950,000
      0.05 Acres

      Waterfront Mediterranean Villa-Style Multi-Family Home

      Luxury two-family home with waterfront views in gated community.
      260 Zerega Ave, Bronx, NY 10473
      View Details
    • $2,880,000
      5,000 SF

      Bronx Retail Investment Opportunity

      Freestanding retail property in the Bronx, fully leased.
      1254 Southern Blvd, Bronx, NY 10459
      View Details
    • New
      $799,000
      0.06 Acres

      Bronx Multifamily Property with Vacancy

      Well-maintained, three-level home with potential for multiple rental streams.
      372 Bronx Park Ave, Bronx, NY 10460
      View Details
    • $769,000
      7,000 SF

      Bronx Multifamily Investment Opportunity

      Multifamily property with income potential in the Bronx.
      4070 Bruner Ave, Bronx, NY 10466
      View Details
    • $949,000
      3,306 SF

      Bronx Two-Family Investment Property

      Well-maintained, renovated two-family property with high cash flow.
      872 East Ave, Bronx, NY 10455
      View Details
    • $715,000
      1,417 SF

      Bronx Two-Family Brick Home

      Charming 1940 two-family home in Wakefield neighborhood.
      4121 Grace Ave, Bronx, NY 10466
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-family property in Belmont area, Bronx, with redevelopment potential.
    Where is this triplex located?
    The property is located at 2319 Prospect Ave Bronx, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - R7-1 Zoning: Development opportunity for investors, developers, and builders.; - Three-Family Property: Features three residential units, each with two bedrooms, living room, dining area, kitchen, and one full bathroom.; - Prime Location: Heart of the Belmont section of The Bronx.
    (917) 517-4004
    Request Owner's contact information
    2319 Prospect Ave Bronx, NY 10458
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2319 Prospect Ave
    Bronx, NY 10458
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2319 Prospect Ave Bronx, NY 10458
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Janet Bingham
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!