Three-Unit Brick
New
For Sale
$1,025,000
Pending
1174 Union Ave The, Bronx, NY 10459
Two apartments have three bedrooms and two baths; the third has two bedrooms and two baths, with a private backyard.
Property Size3,078 SF
Days on Market5
Property Features for 1174 Union Ave The
General Information
Standard status
Pending
Size
3,078 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$136
Amenities
private backyard
Building Details
Building Size
3,078 SF
Year Built
2004
Units
3
Construction
brick
Listed By:
Jaison V. Joseph
(718) 986-2196
Source:
Elliman
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 19 at 7:43AM
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 Jaison V. Joseph
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Investment Insights
Based on property information with market context.
Built in 2004, this brick triplex contains three apartments: two with three bedrooms and two baths each, plus one with two bedrooms and two baths. A private backyard is also part of the property. The building is being sold as-is.
TransitScore is 100, Walk Score is 82, and Bike Score is 76. Public transportation, major roadways, shopping, dining, and neighborhood amenities are identified in the surrounding area. A tax abatement is noted through 2027; buyers and agents should verify its terms and expiration.
TransitScore is 100, Walk Score is 82, and Bike Score is 76. Public transportation, major roadways, shopping, dining, and neighborhood amenities are identified in the surrounding area. A tax abatement is noted through 2027; buyers and agents should verify its terms and expiration.
Key Highlights
- Three apartments: two 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit
- Brick construction; built in 2004
- Private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,186
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,720
$1.6M
Cap Rate 7%
$1,116,943
$1.1M
Cap Rate 9%
$868,733
$868.7K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$118.2K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.7K $36.29/SF
− OpEx
−$33.5K −$10.89/SF
NOI
$78.2K $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%
$1,563,720
Cap Rate 7%
$1,116,943
Cap Rate 9%
$868,733
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$977.3K – $1.30M
NOI $78,186 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$1.01M
$885.1K – $1.18M
NOI $70,805 @ 7.0% cap · market cap 6.91%
Theoretical Best
Warehouse
$2.13M
$1.87M – $2.49M
NOI $149,299 @ 7.0% cap · market cap 14.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
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 - Two apartments have three bedrooms and two baths; the third has two bedrooms and two baths, with a private backyard.
Where is this triplex located?
The property is located at 1174 Union Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Three apartments: two 3‑bedroom, 2‑bath units and one 2‑bedroom, 2‑bath unit; Brick construction; built in 2004; Private backyard
