Fully Redone Three-Family
1024 E 226TH ST Bronx, NY 10466
1024 E 226TH ST, Bronx, NY, 10466
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For Sale
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Renovated triplex with modern finishes, in-unit climate options, and backyard space for multiple cars.
Property Size2,304 SF
Price / SF$546.44
Days on Market56
Property Features for 1024 E 226TH ST
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing agency
Budget Real Estate NYC INC
Listed by
Inbal Levy · License #NY 10311208049
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 12:09PM
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 Budget Real Estate NYC INC
Investment Insights
Based on property information with market context.
This fully redone three-family home features top-of-the-line finishes and stainless steel appliances. The building includes three separate residences: the top apartment offers three bedrooms with full-size closets, and the second-floor unit also provides three bedrooms, with full-size closets in each. The first-floor apartment has two bedrooms and includes an exit to the backyard. Shared services include washer/dryer hookups and split unit AC per apartment, supported by a boiler room with three separate hot water tanks.
The property is located in the Bronx and is about four blocks from a subway, supporting convenient transit access for occupants. A backyard provides additional outdoor space, including room to park approximately four to five cars.
For owner-occupants or investors, the layout offers flexibility across unit sizes while keeping the residences cohesive in condition and finish level. With split unit AC, washer/dryer hookups, and dedicated hot water tank service, the home is designed for practical day-to-day living and straightforward tenant setup.
The property is located in the Bronx and is about four blocks from a subway, supporting convenient transit access for occupants. A backyard provides additional outdoor space, including room to park approximately four to five cars.
For owner-occupants or investors, the layout offers flexibility across unit sizes while keeping the residences cohesive in condition and finish level. With split unit AC, washer/dryer hookups, and dedicated hot water tank service, the home is designed for practical day-to-day living and straightforward tenant setup.
Key Highlights
- Fully redone renovated triplex, built in 1940, with modern finishes and stainless steel appliances
- 3 apartments: top unit has 3 bedrooms; second floor has 3 bedrooms; first floor has 2 bedrooms
- Each bedroom in the top and second‑floor units includes full‑size closets
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 | $88.5k | $38.40 |
| − Vacancy | −$4.9k | −$2.11 |
| EGI | $83.6k | $36.29 |
| − OpEx | −$25.1k | −$10.89 |
| NOI | $58.5k | $25.40 |
2,304 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$836.1K
$731.6K – $975.4K
NOI $58,525 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$757.1K
$662.5K – $883.3K
NOI $53,000 @ 7.0% cap · market cap 4.21%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,756 @ 7.0% cap · market cap 8.88%
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 - Renovated triplex with modern finishes, in-unit climate options, and backyard space for multiple cars.
Where is this triplex located?
The property is located at 1024 E 226TH ST Bronx, NY.
What is the asking price?
The asking price for this property is $1,258,999.
What are key features of this property?
This property features: Fully redone renovated triplex, built in 1940, with modern finishes and stainless steel appliances; 3 apartments: top unit has 3 bedrooms; second floor has 3 bedrooms; first floor has 2 bedrooms; Each bedroom in the top and second‑floor units includes full‑size closets
