Brick
1233 Beach Avenue, Bronx, NY 10472
For Sale
$1,250,000
Three apartments each have three bedrooms, with bathroom configurations varying by level.
Property Size3,060 SF
Price / SF$408.50
Days on Market50
Property Features for 1233 Beach Avenue
General Information
Standard status
Size
Property subtype
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
ductless split heating and air-conditioning systems
individual hot-water tanks
First Floor Bedroom
First Floor Full Bath
Open Kitchen
Building Details
Building Size
Year Built
Buildings
Units
Construction
Tenancy
Listing Agency:
Prime Realty
(718) 229-2922
Listed By:
Jinyang Ye
(718) 697-9028
Source:
Halknopfrealty
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 8 at 7:18PM
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 Prime Realty
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Investment Insights
Based on property information with market context.
Completed in 2020, this brick, three-story residence contains three apartments across 3,060 square feet. Each floor measures approximately 1,020 square feet. All three units have three bedrooms; the second- and third-floor apartments include two full bathrooms apiece, while the ground-floor unit has one full bathroom. Ductless split systems provide heating and air conditioning, and each apartment has a separate hot-water tank.
Transit access includes the 6 train at St. Lawrence Avenue, one block away, along with the Bx4 and Bx4A bus lines. The seller prefers a sale with tenants remaining in place, and the property is offered as-is.
Transit access includes the 6 train at St. Lawrence Avenue, one block away, along with the Bx4 and Bx4A bus lines. The seller prefers a sale with tenants remaining in place, and the property is offered as-is.
Key Highlights
- Built in 2020 with 3,060 square feet across three floors
- Approximately 1,020 sq. ft. per floor
- Three apartments, each with 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,729
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,580
$1.6M
Cap Rate 7%
$1,110,414
$1.1M
Cap Rate 9%
$863,656
$863.7K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$117.5K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.0K $36.29/SF
− OpEx
−$33.3K −$10.89/SF
NOI
$77.7K $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%
$1,554,580
Cap Rate 7%
$1,110,414
Cap Rate 9%
$863,656
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.01M
$879.9K – $1.17M
NOI $70,391 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,205 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,053
Businesses Nearby
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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
$632,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments each have three bedrooms, with bathroom configurations varying by level.
Where is this triplex located?
The property is located at 1233 Beach Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Built in 2020 with 3,060 square feet across three floors; Approximately 1,020 sq. ft. per floor; Three apartments, each with 3 bedrooms
