Waterfront Triplex in Country
3318 Griswold Ave The, Bronx, NY 10465
Pristine three-family waterfront residence in the Country Club neighborhood.
Type:Investment
Property size:
3,600 SFPrice / SF:
$371/SF- Added:
- Apr 15, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 10 at 9:26 am
Property Features for 3318 Griswold Ave The
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Investment
Building Details
- Year Built
- 2001
Listing agent Athanasios Bouklis (917) 559-3023
Listing office (917) 559-3023
Listing date Apr 15, 2026
Source Elliman
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 Athanasios Bouklis
HighLights
- Direct waterfront property with STUNNING water and marina views from all units.
- Legal three‑family residence offering approximately 3,600 sq ft of living space and income potential.
- Not located in a flood zone, eliminating the need for flood insurance.
- Each unit has private balconies and separate utilities, plus central air conditioning throughout.
- New roof and well‑maintained landscaping, including a waterfall pond and extended rear patio.
- Excellent transit score (72) and built in 2001.
Overview
This legal three-family residence is situated directly on the water in the Country Club neighborhood. The property offers approximately 3,600 square feet of living space and is configured with a two-bedroom unit, a three-bedroom unit, and a walk-in two-bedroom apartment. The property sits on a 160-foot-deep lot with direct waterfront exposure. Each residence features water and marina views, with private balconies. The home is equipped with central air conditioning, a new roof, and separate utilities for each unit. The first two units share a washer and dryer, while the upper residence has an in-unit washer and dryer. The property includes a landscaped side yard with a waterfall pond and an extended rear yard with a patio. The property is not located within a flood zone, eliminating the need for flood insurance. The property has excellent transit with a transit score of 72, is somewhat bikeable with a bike score of 44, and is car-dependent with a walk score of 41. This is a turnkey waterfront asset with end-user appeal and income potential.
Local Financial Insights For Multifamily LT 5
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 | $138.2k | $38.40 |
| − Vacancy | −$7.6k | −$2.11 |
| EGI | $130.6k | $36.29 |
| − OpEx | −$39.2k | −$10.89 |
| NOI | $91.4k | $25.40 |
3,600 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,446 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,813 @ 7.0% cap · market cap 6.19%
Theoretical Best
Warehouse
$2.49M
$2.18M – $2.91M
NOI $174,618 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.816046
- Latitude
- 40.844842
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FAQs
What type of property is this?
Triplex - Pristine three-family waterfront residence in the Country Club neighborhood.
Where is this triplex located?
The property is located at 3318 Griswold Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,338,000.
What are key features of this property?
This property features: Direct waterfront property with STUNNING water and marina views from all units.; Legal three‑family residence offering approximately 3,600 sq ft of living space and income potential.; Not located in a flood zone, eliminating the need for flood insurance.
