Bronx Three-Family Home for
For Sale
$975,000
Pending
1059 E 225th St The, Bronx, NY 10466
Legal three-family home in Wakefield section of the Bronx.
Property Size3,101 SF
Lot Size0.09 Acres
Days on Market274
Property Features for 1059 E 225th St The
General Information
Standard status
Pending
Size
3,101 SF
Lot size
0.09 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$8,281
Building Details
Building Size
3,101 SF
Year Built
1930
Units
3
Listing Agency:
(646) 842-2354
Listed By:
Lisa A. Pirraglia
(646) 842-2354
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 26 at 9:48AM
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 Lisa A. Pirraglia
Investment Insights
Based on property information with market context.
This property is a legal three-family home located in the Wakefield section of the Bronx. The first floor unit features two bedrooms, one bathroom, and a sunroom. The second floor unit includes three bedrooms, one bathroom, plus a sunroom. The third floor unit offers one bedroom and one bathroom. All units have walk-out access to the rear yard. The first and second floors have hardwood floors. A washer and dryer hook-up is located in the full unfinished basement, which also has walk-out access to the rear yard. The property is conveniently located near transportation, restaurants, shops, parks, and schools. The heating fuel is oil. The property will be delivered vacant.
Key Highlights
- Legal 3‑family home: Ideal for investors seeking rental income.
- Desirable Wakefield location: Close to transportation, restaurants, shops, parks, and schools.
- All units have walk‑out access to the rear yard.
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
$78,770
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
8.08%
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%
$1,575,400
$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
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
$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 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%
$1,575,400
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
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,414 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family home in Wakefield section of the Bronx.
Where is this triplex located?
The property is located at 1059 E 225th St The 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 home: Ideal for investors seeking rental income.; Desirable Wakefield location: Close to transportation, restaurants, shops, parks, and schools.; All units have walk‑out access to the rear yard.
