Bronx Triplex with Income
956 E 156th St The Bronx, NY 10455
956 E 156th St The, Bronx, NY, 10455
$795,000
Pending
For Sale
$795,000
Pending
Legal three-family property in the Longwood Historic District.
Property Size3,000 SF
Lot Size0.06 Acres
Days on Market134
Property Features for 956 E 156th St The
General Information
- Standard status
- Pending
- Size
- 3,000 SF
- Lot size
- 0.06 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1901
Listing agency
Keller Williams Realty NYC Group
(607) 669-3361
Listed by
Steven M. Padernacht · License #10301217114
(607) 669-3361
Source
Elliman
Added: Mar 11 Updated: Jul 6 at 12:12PM Checked: Jul 21 at 8:51AM
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 Keller Williams Realty NYC Group
Investment Insights
Based on property information with market context.
The property at 956 E 156th Street is a legal three-family configured to generate rental income, presenting an investment opportunity with upside potential. Two units are currently occupied, and additional ground-floor rooms are being rented, creating multiple income streams. A garage provides added value. The property spans over 3,000 square feet, offering flexibility for restoration, reconfiguration, or modernization. Located within the Longwood Historic District, the home was designed in the early 1900s by architect Warren C. Dickerson. The Neo-Renaissance, Romanesque Revival design features a front stoop, bay windows, tall ceilings, and hardwood floors. The property is sold as-is.
Key Highlights
- Immediate rental income from a legal three‑family configuration with multiple income streams.
- Rare garage amenity in the South Bronx, adding convenience and long‑term value.
- Significant upside potential through restoration, reconfiguration, or modernization of the 3,000+ sq ft space.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.2k | $44.40 |
| − Vacancy | −$7.7k | −$2.58 |
| EGI | $125.5k | $41.82 |
| − OpEx | −$56.5k | −$18.82 |
| NOI | $69.0k | $23.00 |
3,000 SF · lease $44.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.6K – $1.27M
NOI $76,205 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 8.68%
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,515 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family property in the Longwood Historic District.
Where is this triplex located?
The property is located at 956 E 156th St The Bronx, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Immediate rental income from a legal three‑family configuration with multiple income streams.; Rare garage amenity in the South Bronx, adding convenience and long‑term value.; Significant upside potential through restoration, reconfiguration, or modernization of the 3,000+ sq ft space.
