Brick Triplex with
1070 Grant Ave The, Bronx, NY 10456
For Sale
$1,250,000
Three self-contained floor layouts are paired with a separate-entry basement and existing utility hookups.
Property Size3,552 SF
Days on Market26
Property Features for 1070 Grant Ave The
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
large backyard
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
WINZONE REALTY INC.
Listed By:
Jeffrey M. Schonsky
(917) 691-3676
Source:
Elliman
Added: Oct 19
Changed: Nov 12
Last Checked: Nov 12 at 8:11AM
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 in the Bronx has three floors, each arranged with three bedrooms, one bathroom, a living room, a formal dining room and an eat-in kitchen. A backyard adds outdoor space. The basement has high ceilings, a separate entrance and existing utility hookups; any use beyond storage is subject to applicable approvals. The roof has been repaired. The property is owner-occupied and is scheduled for delivery vacant at closing.
At 1070 Grant Ave, the property is near Yankee Stadium, the Bronx Museum of the Arts, public transportation, shopping and neighborhood amenities. Its reported scores are 87 for walking, 100 for transit and 79 for biking.
At 1070 Grant Ave, the property is near Yankee Stadium, the Bronx Museum of the Arts, public transportation, shopping and neighborhood amenities. Its reported scores are 87 for walking, 100 for transit and 79 for biking.
Key Highlights
- Three‑floor brick triplex built in 1905
- Each floor has 3 bedrooms, 1 bathroom, a living room, formal dining room and eat‑in kitchen
- Basement features high ceilings, separate entrance and existing utility hookups
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
Location Intelligence
Trade Area within ½ mile
5,270
Businesses Nearby
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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
$428,800
Median Home Value
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Market
Average Price Trend$/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 - Three self-contained floor layouts are paired with a separate-entry basement and existing utility hookups.
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 $1,250,000.
What are key features of this property?
This property features: Three‑floor brick triplex built in 1905; Each floor has 3 bedrooms, 1 bathroom, a living room, formal dining room and eat‑in kitchen; Basement features high ceilings, separate entrance and existing utility hookups
