Vacant Three-Family
For Sale
$1,389,000
1153 Virginia Ave The, Bronx, NY 10472
Vacant three-family property with varied apartment layouts and finished basement space.
Property Size3,744 SF
Days on Market49
Property Features for 1153 Virginia Ave The
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,511
Building Details
Building Size
3,744 SF
Year Built
1920
Units
4
Listing Agency:
Progress Realty Inc.
Listed By:
Shakawat Ali
(917) 402-4278
Source:
Elliman
Added: Aug 19
Changed: Sep 28
Last Checked: Oct 5 at 4:31PM
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 Progress Realty Inc.
Investment Insights
Based on property information with market context.
Built in 1920, this three-family property at 1153 Virginia Ave in The Bronx includes a three-bedroom apartment, a two-bedroom apartment, and a one-bedroom apartment. The finished semi-walk-in basement adds four rooms and one full bath, providing additional interior space within the property. The building will be delivered vacant.
The property is located in The Bronx, NY 10472, with a WalkScore of 93, a TransitScore of 92, and a BikeScore of 52. These ratings indicate strong walkability and transit access, along with bikeable conditions.
The property is located in The Bronx, NY 10472, with a WalkScore of 93, a TransitScore of 92, and a BikeScore of 52. These ratings indicate strong walkability and transit access, along with bikeable conditions.
Key Highlights
- Three‑family property delivered vacant
- Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments
- Semi walk‑in finished basement with 4 rooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,104
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,902,080
$1.9M
Cap Rate 7%
$1,358,629
$1.4M
Cap Rate 9%
$1,056,711
$1.1M
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$143.8K $38.40/SF
− Vacancy
−$7.9K −$2.11/SF
EGI
$135.9K $36.29/SF
− OpEx
−$40.8K −$10.89/SF
NOI
$95.1K $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%
$1,902,080
Cap Rate 7%
$1,358,629
Cap Rate 9%
$1,056,711
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,104 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,126 @ 7.0% cap · market cap 6.20%
Theoretical Best
Warehouse
$2.59M
$2.27M – $3.03M
NOI $181,603 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,467
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family property with varied apartment layouts and finished basement space.
Where is this triplex located?
The property is located at 1153 Virginia Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,389,000.
What are key features of this property?
This property features: Three‑family property delivered vacant; Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments; Semi walk‑in finished basement with 4 rooms and 1 full bath
