Parkchester Detached Three-Family
For Sale
$1,199,000
1210 Beach Ave The, Bronx, NY 10472
Three-family house in Parkchester, Bronx, near transportation and highways.
Property Size3,465 SF
Lot Size0.06 Acres
Days on Market218
Property Features for 1210 Beach Ave The
General Information
Standard status
Active
Size
3,465 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,130
Building Details
Building Size
3,465 SF
Year Built
1925
Units
3
Listing Agency:
EXIT REALTY PRIME
Listed By:
SM Abul Hasan
(347) 998-8292
Source:
Elliman
Added: Mar 10
Changed: Oct 6
Last Checked: Oct 12 at 7:38PM
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 EXIT REALTY PRIME
Investment Insights
Based on property information with market context.
This detached three-family house is located in the Parkchester neighborhood of the Bronx. The property features a three-bedroom, one-bathroom unit on the first floor, a four-bedroom, one-bathroom unit on the second floor, and a four-bedroom, one-bathroom unit on the third floor. The second and third floors have been recently renovated. A new boiler and water heater have been recently installed. The property is currently rented to paying tenants, generating rental income. The property is located close to the 6 train Parkchester station and is near transportation, restaurants, and major highways.
Key Highlights
- Detached 3‑family house in Parkchester
- Excellent rental income from paying tenants
- Recently renovated 2nd and 3rd floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,017
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,760,340
$1.8M
Cap Rate 7%
$1,257,386
$1.3M
Cap Rate 9%
$977,967
$978.0K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$133.1K $38.40/SF
− Vacancy
−$7.3K −$2.11/SF
EGI
$125.7K $36.29/SF
− OpEx
−$37.7K −$10.89/SF
NOI
$88.0K $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%
$1,760,340
Cap Rate 7%
$1,257,386
Cap Rate 9%
$977,967
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,017 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$1.14M
$996.4K – $1.33M
NOI $79,708 @ 7.0% cap · market cap 6.65%
Theoretical Best
Warehouse
$2.40M
$2.10M – $2.80M
NOI $168,070 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,053
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family house in Parkchester, Bronx, near transportation and highways.
Where is this triplex located?
The property is located at 1210 Beach Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Detached 3‑family house in Parkchester; Excellent rental income from paying tenants; Recently renovated 2nd and 3rd floors
