Brick Three-Family Income
1070 GRANT Ave The Bronx, NY 10456
1070 GRANT Ave The, Bronx, NY, 10456
$1,299,999
For Sale
$1,299,999
Vacant three-family brick home with three full-floor 3-bedroom, 1-bath units, including a renovated ground-level apartment.
Property Size3,300 SF
Price / SF$393.94
Days on Market85
Property Features for 1070 GRANT Ave The
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1905
Listing agency
(615) 430-7696
Listed by
Matthew Scott
(615) 430-7696
Source
Elliman
Added: Apr 28 Updated: Jul 21 at 11:59AM Checked: Jul 21 at 11:59AM
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 Matthew Scott
Investment Insights
Based on property information with market context.
Delivered vacant, this brick semi-detached three-family property offers an efficient, repeatable layout with three full-floor 3-bedroom, 1-bath units. The ground-level apartment has been renovated, and Apartments 2 and 3 mirror one another to support consistent leasing and operations.
The home is located near the Grand Concourse with convenient access to the 4, B, and D subway lines, providing a straightforward commute to Manhattan. The surrounding area is described as having everyday conveniences, neighborhood parks, and cultural anchors including The Bronx Museum of Arts and Yankee Stadium.
Configured as a 3-family (20' x 55' per the listing), the property is presented as an income-producing asset in a neighborhood highlighted for ongoing reinvestment.
The home is located near the Grand Concourse with convenient access to the 4, B, and D subway lines, providing a straightforward commute to Manhattan. The surrounding area is described as having everyday conveniences, neighborhood parks, and cultural anchors including The Bronx Museum of Arts and Yankee Stadium.
Configured as a 3-family (20' x 55' per the listing), the property is presented as an income-producing asset in a neighborhood highlighted for ongoing reinvestment.
Key Highlights
- Vacant 3‑family brick semi‑detached home built in 1905
- Offers three full‑floor units: each has 3 bedrooms and 1 bathroom
- Renovated ground‑level apartment is included in the 3‑bedroom, 1‑bath unit mix
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 | $126.7k | $38.40 |
| − Vacancy | −$4.4k | −$1.34 |
| EGI | $122.3k | $37.06 |
| − OpEx | −$36.7k | −$11.12 |
| NOI | $85.6k | $25.94 |
3,300 SF · lease $38.40/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,599 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.10M
$964.8K – $1.29M
NOI $77,183 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,899 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Vacant three-family brick home with three full-floor 3-bedroom, 1-bath units, including a renovated ground-level apartment.
Where is this triplex located?
The property is located at 1070 GRANT Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Vacant 3‑family brick semi‑detached home built in 1905; Offers three full‑floor units: each has 3 bedrooms and 1 bathroom; Renovated ground‑level apartment is included in the 3‑bedroom, 1‑bath unit mix
