Renovated
For Sale
$949,000
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
Price / SF$502.12
Days on Market10
Property Features for 1227 E 222nd Street
General Information
Standard status
Active
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
368
Listed By:
Alon A. Yosopov · License #10401378143
Source:
Shawmetro
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 26 at 1:15PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
