Three-Unit Multifamily
1059 E 225th Street, Bronx, NY 10466
For Sale
$975,000
Pending
Legal three-family property with varied unit layouts, private rear-yard access, and a walk-out basement.
Property Size3,101 SF
Days on Market762
Property Features for 1059 E 225th Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Bee Home Realty
Listed By:
Lisa A. Pirraglia · License NY #10491212911
(646) 842-2354
Source:
Exitrealty
Added: Oct 11, 2024
Changed: Nov 3
Last Checked: Nov 3 at 4:31AM
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 Bee Home Realty
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Investment Insights
Based on property information with market context.
This 3,101-square-foot multifamily property, built in 1930, contains three residential units. The first-floor apartment has two bedrooms, one bathroom, and a sunroom; the second-floor apartment includes three bedrooms, one bathroom, and a sunroom; and the third-floor apartment offers one bedroom and one bathroom. Each unit provides walk-out access to the rear yard.
Hardwood flooring is installed on the first and second floors. The full unfinished basement has a walk-out connection to the rear yard and includes washer and dryer hookups. The property uses above-ground oil heating and is currently occupied, with delivery planned vacant.
Located at 1059 E 225th Street in the Bronx, the property is near transportation, restaurants, shops, parks, and schools.
Hardwood flooring is installed on the first and second floors. The full unfinished basement has a walk-out connection to the rear yard and includes washer and dryer hookups. The property uses above-ground oil heating and is currently occupied, with delivery planned vacant.
Located at 1059 E 225th Street in the Bronx, the property is near transportation, restaurants, shops, parks, and schools.
Key Highlights
- Legal 3‑family property with three separate residential units
- Unit mix includes 2 bedrooms, 1 bathroom; 3 bedrooms, 1 bathroom; and 1 bedroom, 1 bathroom
- 3,101 square feet on a 1930‑built property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,770
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,575,400
$1.6M
Cap Rate 7%
$1,125,286
$1.1M
Cap Rate 9%
$875,222
$875.2K
Market Conditions
NOI Build-Up for 3,101 SF
Gross rent
$119.1K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$112.5K $36.29/SF
− OpEx
−$33.8K −$10.89/SF
NOI
$78.8K $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%
$1,575,400
Cap Rate 7%
$1,125,286
Cap Rate 9%
$875,222
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$984.6K – $1.31M
NOI $78,770 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$1.02M
$891.7K – $1.19M
NOI $71,334 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,574 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,500
Businesses Nearby
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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
$605,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property with varied unit layouts, private rear-yard access, and a walk-out basement.
Where is this triplex located?
The property is located at 1059 E 225th Street Bronx, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal 3‑family property with three separate residential units; Unit mix includes 2 bedrooms, 1 bathroom; 3 bedrooms, 1 bathroom; and 1 bedroom, 1 bathroom; 3,101 square feet on a 1930‑built property
