Brick-and-Stone
New
For Sale
$1,399,000
1183 Neill Avenue, Bronx, NY 10461
Three living areas include a finished walk-out accessory apartment with an updated kitchen and bathroom.
Property Size2,981 SF
Price / SF$469.31
Days on Market4
Property Features for 1183 Neill Avenue
General Information
Standard status
Active
Size
2,981 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,976
Amenities
patio
garage
storage
Storage Space,Unfinished
Ceramic Tile,Wood
3
No
Yes
6
Ceiling Fan(s),Entrance Foyer,Granite Counters,Storage
Storage Space, Unfinished
Public
2
Driveway
Lighting
2981
Building Details
Building Size
2,981 SF
Year Built
1950
Buildings
1
Construction
brick and stone
Listing Agency:
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Last Checked: Nov 3 at 7:17AM
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 Geralda Desir
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Investment Insights
Based on property information with market context.
This 2,981-square-foot triplex at 1183 Neill Avenue has three living areas. The upper floor includes an open living and dining area, an updated kitchen with stainless steel appliances, three bedrooms, and a full bathroom. The second floor offers two bedrooms, living and formal dining rooms, an updated kitchen, a renovated bathroom, and hardwood floors. A finished walk-out accessory apartment on the first floor has an updated kitchen, stainless steel appliances, and an updated bathroom.
The 1950-built property has a brick-and-stone exterior, a garage, a two-car driveway, and a rear concrete patio. Additional features include a new roof, new windows, exterior LED lighting, storage, and oil heat. Shopping, transportation, schools, parks, and major highways are described as nearby.
The 1950-built property has a brick-and-stone exterior, a garage, a two-car driveway, and a rear concrete patio. Additional features include a new roof, new windows, exterior LED lighting, storage, and oil heat. Shopping, transportation, schools, parks, and major highways are described as nearby.
Key Highlights
- 2,981‑square‑foot triplex with three living areas
- Upper floor has 3 bedrooms; second floor has 2 bedrooms
- Finished walk‑out first‑floor accessory apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,722
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,440
$1.5M
Cap Rate 7%
$1,081,743
$1.1M
Cap Rate 9%
$841,356
$841.4K
Market Conditions
NOI Build-Up for 2,981 SF
Gross rent
$114.5K $38.40/SF
− Vacancy
−$6.3K −$2.11/SF
EGI
$108.2K $36.29/SF
− OpEx
−$32.5K −$10.89/SF
NOI
$75.7K $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%
$1,514,440
Cap Rate 7%
$1,081,743
Cap Rate 9%
$841,356
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$946.5K – $1.26M
NOI $75,722 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$979.6K
$857.2K – $1.14M
NOI $68,574 @ 7.0% cap · market cap 4.90%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,594 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
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 living areas include a finished walk-out accessory apartment with an updated kitchen and bathroom.
Where is this triplex located?
The property is located at 1183 Neill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2,981‑square‑foot triplex with three living areas; Upper floor has 3 bedrooms; second floor has 2 bedrooms; Finished walk‑out first‑floor accessory apartment
