3-Unit Brick
New
For Sale
$1,250,000
1070 Grant Avenue, Bronx, NY 10456
Three floors each offer a three-bedroom layout, while a basement with its own entrance adds flexible utility space.
Property Size3,552 SF
Days on Market4
Property Features for 1070 Grant Avenue
General Information
Standard status
Active
Size
3,552 SF
Property subtype
Triplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,714
Amenities
large backyard
Building Details
Building Size
3,552 SF
Year Built
1905
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Jeffrey M. Schonsky
(718) 886-3200
Source:
Serhant
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:00PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This 1905 brick triplex is arranged across three floors, with each floor offering three bedrooms, one bathroom, a living room, a formal dining room, and an eat-in kitchen. Outdoor space includes a large backyard. The basement has high ceilings, a separate entrance, and utility hookups; any use beyond storage is subject to applicable approvals. The roof has been repaired recently.
The property is currently occupied by the owner and is scheduled to be vacant at closing. It is near Yankee Stadium, the Bronx Museum of the Arts, public transportation, shopping, and neighborhood amenities.
The property is currently occupied by the owner and is scheduled to be vacant at closing. It is near Yankee Stadium, the Bronx Museum of the Arts, public transportation, shopping, and neighborhood amenities.
Key Highlights
- Three floors, each with 3 bedrooms and 1 bathroom
- Brick construction; built in 1905
- Each floor includes a living room, formal dining room, and eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,136
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,720
$1.8M
Cap Rate 7%
$1,316,229
$1.3M
Cap Rate 9%
$1,023,733
$1.0M
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$136.4K $38.40/SF
− Vacancy
−$4.8K −$1.34/SF
EGI
$131.6K $37.06/SF
− OpEx
−$39.5K −$11.12/SF
NOI
$92.1K $25.94/SF
Area
ZIP 10456
Vacancy
3.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,720
Cap Rate 7%
$1,316,229
Cap Rate 9%
$1,023,733
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,136 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,077 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,826 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 10456, NY
93,412
Population
33,321
Households
2.8
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
1.1 sq mi
ZIP Area
84,920
Density / Sq Mi
$35,676
Median Household Income
$30,340
Median Earnings
$1,194
Median Rent
$428,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three floors each offer a three-bedroom layout, while a basement with its own entrance adds flexible utility space.
Where is this triplex located?
The property is located at 1070 Grant Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three floors, each with 3 bedrooms and 1 bathroom; Brick construction; built in 1905; Each floor includes a living room, formal dining room, and eat‑in kitchen
