Legal Three-Family with Gated
For Sale
$1,200,000
3814 Barnes Avenue, Bronx, NY 10467
MULTI_FAMILY - Bronx, NY
Property Size3,444 SF
Lot Size0.03 Acres
Price / SF$348.43
Days on Market13
Property Features for 3814 Barnes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 7, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 5, Bedroom 5, Bathroom 1
Parking
1
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Elementary school
Ps 78 Anne Hutchinson
Middle school
Leaders Of Tomorrow
High school
Contact Agent
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Contact Agent
Directions
WILLIAMSBRIDGE neighborhood - From the Bx River Pkwy N - take Exit 9: Gun Hill Road. Turn right onto E. Gun Hill Road, then turn left onto Barnes Ave. (between E. 219th St. & E. 220th St.)
Standard status
Active
APN
04678-0142
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6378
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
forward-facing balconies
gated driveway
Building Details
Year built
2008
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Gregory Tsougranis · License #10301201886
(845) 304-5745
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 10 at 9:06AM
MLS# 1023477
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 brick legal three-family features a gated driveway for convenient tenant parking. The top two units are three-bedroom, two-bath layouts, and the ground-floor unit is a two-bedroom, two-bath. The top two floors offer forward-facing balconies. Utilities are metered separately for the tenants, with tenants paying all utilities except water, insurance, and common electric. Kitchens and bathrooms are described as in good condition, and interior details include a first floor bedroom, a first floor full bath, and an eat-in kitchen. Heating is provided via baseboard, with window and wall/window unit cooling. There is no basement, and the utility room is located on the rooftop.
The property was built in 2008 and is supported by public water and public sewer service. There are three separate gas boilers and four electric meters—one per tenant plus one for the common area. City-recorded building size is 3,444 SF, with approximately 3,050 SF of apartment space after hallways and stairs.
The building is in R5 zoning.
The property was built in 2008 and is supported by public water and public sewer service. There are three separate gas boilers and four electric meters—one per tenant plus one for the common area. City-recorded building size is 3,444 SF, with approximately 3,050 SF of apartment space after hallways and stairs.
The building is in R5 zoning.
Key Highlights
- Gated driveway for convenient parking
- Forward‑facing balconies on the top two floors
- Tenants pay all utilities except water, insurance, and common electric
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,677,040
$1.7M
Cap Rate 7%
$1,197,886
$1.2M
Cap Rate 9%
$931,689
$931.7K
Market Conditions
NOI Build-Up for 3,444 SF
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.
Gross rent
$128.1K $37.20/SF
− Vacancy
−$8.3K −$2.42/SF
EGI
$119.8K $34.78/SF
− OpEx
−$35.9K −$10.43/SF
NOI
$83.9K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,677,040
Cap Rate 7%
$1,197,886
Cap Rate 9%
$931,689
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,852 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.07M
$936.8K – $1.25M
NOI $74,942 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.78M
NOI $167,051 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Gated driveway parking serves a legal three-family with forward-facing balconies, rooftop utility area, and separate tenant metering.
Where is this triplex located?
The property is located at 3814 Barnes Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Gated driveway for convenient parking; Forward‑facing balconies on the top two floors; Tenants pay all utilities except water, insurance, and common electric
