Renovated
For Sale
$949,000
Pending
1227 E 222nd Street, Bronx, NY 10469
Three-unit residential property with one vacant apartment and two additional units supporting immediate occupancy flexibility.
Property Size1,890 SF
Days on Market56
Property Features for 1227 E 222nd Street
General Information
Standard status
Pending
Size
1,890 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 4BR, 1 x studio
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,269
Building Details
Building Size
1,890 SF
Year Built
1925
Buildings
1
Listing Agency:
Winzone Realty Inc
Listed By:
Alon A. Yosopov · License #10401378143
368
Source:
Shawmetro
Added: Aug 19
Changed: Oct 8
Last Checked: Oct 11 at 1:26PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This renovated triplex contains three separate residential units arranged across the main floors and basement. The first-floor apartment includes 3 bedrooms and is vacant, while the second-floor residence offers 4 bedrooms and is occupied by a paying tenant. A basement studio provides a third unit and additional functional space. Renovated interiors include updated kitchens, modernized bathrooms, and fresh finishes throughout the property.
The property is located at 1227 E 222nd Street in the Bronx, NY 10469. Built in 1925, it combines an established residential structure with updated interior improvements. The vacant first-floor unit may support owner occupancy or a new tenancy, while the occupied second-floor unit and basement studio provide additional residential use within the three-unit configuration.
The property is located at 1227 E 222nd Street in the Bronx, NY 10469. Built in 1925, it combines an established residential structure with updated interior improvements. The vacant first-floor unit may support owner occupancy or a new tenancy, while the occupied second-floor unit and basement studio provide additional residential use within the three-unit configuration.
Key Highlights
- Three‑unit triplex with 3‑bedroom, 4‑bedroom, and basement studio apartments
- First‑floor 3‑bedroom unit is vacant
- Second‑floor 4‑bedroom unit is occupied by a paying tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,009
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,180
$960.2K
Cap Rate 7%
$685,843
$685.8K
Cap Rate 9%
$533,433
$533.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$72.6K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.6K $36.29/SF
− OpEx
−$20.6K −$10.89/SF
NOI
$48.0K $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%
$960,180
Cap Rate 7%
$685,843
Cap Rate 9%
$533,433
Alternative Uses
Best Use
Multifamily LT 5
$685.8K
$600.1K – $800.2K
NOI $48,009 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$621.1K
$543.5K – $724.6K
NOI $43,477 @ 7.0% cap · market cap 4.58%
Theoretical Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,675 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with one vacant apartment and two additional units supporting immediate occupancy flexibility.
Where is this triplex located?
The property is located at 1227 E 222nd Street Bronx, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑unit triplex with 3‑bedroom, 4‑bedroom, and basement studio apartments; First‑floor 3‑bedroom unit is vacant; Second‑floor 4‑bedroom unit is occupied by a paying tenant
