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    1318 Mace Ave, Unit The Bronx, NY 10469

    For Sale
    $1,350,000

    Legal three-family home in Pelham Gardens, fully renovated in 2022.

    Lot size:
    0.06 Acres

    Property Features for 1318 Mace Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1950

    Source: Han Tang Realty Inc. Agent Ying Dong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Three-Family Home in Bronx

    This legal three-family home is located in the Pelham Gardens section of The Bronx. The semi-detached brick building was fully renovated in 2022. The second and third floors each feature a three-bedroom apartment with two full bathrooms. The first floor includes a two-car garage, a laundry room at the front, and a one-bedroom apartment at the rear. The finished basement offers a half bath, extra storage space, and a boiler room. The home is equipped with three sets of gas boilers and hot water heaters; the owner is responsible for the water bill. The property is currently occupied by two tenants, one on the third floor paying $2,600 and another on the first floor paying $1,650. The second floor and basement are vacant. The property is located close to the 5 train Pelham Parkway North station, schools, parks, stores, and major highways.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.847917
    Latitude
    40.862699

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    FAQs

    What type of property is this?
    Triplex - Legal three-family home in Pelham Gardens, fully renovated in 2022.
    Where is this triplex located?
    The property is located at 1318 Mace Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Legal 3-family home in Pelham Gardens.; - **Fully renovated in 2022.**; - **Two units are spacious 3-bedroom, 2-full bath apartments.**
    (646) 386-6933
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    1318 Mace Ave, Unit The Bronx, NY 10469
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1318 Mace Ave, Unit The Bronx, NY 10469
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