Building Details

Building Size 2,650 SF

Year Built 1975

Buildings 1

Units 3

Listing Agency: Douglas Elliman Real Estate

Listed By: David Orellana · License #10401374249 Show Phone

Source: Elliman

Added: Oct 4 Changed: Oct 6 Last Checked: Oct 5 at 7:16PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This 1975-built legal three-family property at 1012 E 233rd Street has three vacant apartments: one with two bedrooms and one bathroom, plus two with three bedrooms and one bathroom each. The building was recently repainted. Separate systems include three gas meters, three electrical panels, three boilers, and three water heaters.

A gated driveway and one-car garage provide off-street parking. Walk Score is 74, Bike Score is 53, and Transit Score is 65.

Key Highlights

• Three vacant residences: one 2‑bedroom, 1‑bath unit and two 3‑bedroom, 1‑bath units
• Independent systems include 3 gas meters, 3 electrical panels, 3 boilers, and 3 water heaters
• Gated driveway and 1‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,314

Cap Rate

5.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,346,280 $1.3M

Cap Rate 7%

$961,629 $961.6K

Cap Rate 9%

$747,933 $747.9K

Market Conditions

NOI Build-Up for 2,650 SF

Gross rent

$101.8K $38.40/SF

− Vacancy

−$5.6K −$2.11/SF

EGI

$96.2K $36.29/SF

− OpEx

−$28.8K −$10.89/SF

NOI

$67.3K $25.40/SF

Area

Bronx, NY

Vacancy

5.50%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,346,280

Cap Rate 7%

$961,629

Cap Rate 9%

$747,933

Alternative Uses

Best Use

Multifamily LT 5

$961.6K

$841.4K – $1.12M (±1% cap)

NOI $67,314 @ 7.0% cap · market cap 5.86%

Second Best

Apartment 5plus

$870.9K

$762.0K – $1.02M (±1% cap)

NOI $60,960 @ 7.0% cap · market cap 5.31%

Theoretical Best

Warehouse

$1.84M

$1.61M – $2.14M (±1% cap)

NOI $128,538 @ 7.0% cap · market cap 11.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,815

Businesses Nearby

Explore this area Business Placement

Demographics for 10466, NY

70,420

Population

26,303

Households

2.7

Avg Household Size

38

Median Age

26%

College-Educated

81%

High-School Grad

2.0 sq mi

ZIP Area

35,210

Density / Sq Mi

$66,328

Median Household Income

$44,053

Median Earnings

$1,528

Median Rent

$605,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Brick Three-Family Triplex

449 Castle Hill Ave, The, Bronx, NY 10473

$1,350,000

View details

Renovated Three-Family Triplex

2001 Prospect Ave, The, Bronx, NY 10457

$1,150,000

View details

Detached Three-Family Home

2925 Wellman Avenue, Bronx, NY 10461

$1,250,000

2,820 SF

View details

Vacant Triplex with Development Potential

2164 Crotona Avenue, Bronx, NY 10457

$1,149,750

View details

Three-Unit Multifamily Property

2016 Lafayette Ave, The, Bronx, NY 10473

$989,900

2,860 SF

View details

Brick Triplex With Private Parking

1405 E 233rd St, The, Bronx, NY 10466

$1,100,000

3,036 SF

View details

Three-Family Brick Property

1321 Lafayette Avenue Unit: 4, Bronx, NY 10474

$999,900

View details

Brick Triplex with Two-Car Garage

1348 Elder Ave, The, Bronx, NY 10472

$1,199,000

View details

Triplex with Hardwood Floors and 4 Electric Meters

204 W 260th Street, Bronx, NY 10471

$1,799,900

2,636 SF

View details

Bronx Three-Family Detached House

631 Coster Street, Bronx, NY 10474

$1,189,000

3,154 SF

View details

Three-Family Triplex with Garage

469 Commonwealth Ave, The, Bronx, NY 10473

$935,000

View details

South Bronx Multifamily Investment

1068 Woodycrest Ave, The, Bronx, NY 10452

$1,095,000

0.06 Acres

View details

Frequently Asked Questions

What type of property is this?

Triplex - Separate utility systems and off-street parking support independent occupancy across the three residences.

Where is this triplex located?

The property is located at 1012 E 233rd St The Bronx, NY.

What is the asking price?

The asking price for this property is $1,149,000.

What are key features of this property?

This property features: Three vacant residences: one 2‑bedroom, 1‑bath unit and two 3‑bedroom, 1‑bath units; Independent systems include 3 gas meters, 3 electrical panels, 3 boilers, and 3 water heaters; Gated driveway and 1‑car garage