Three-Unit Residential
New
For Sale
$1,200,000
1241 Harrod Ave The, Bronx, NY 10472
Three apartments are complemented by a basement level with a three-bedroom, two-bathroom layout.
Property Size2,800 SF
Days on Market4
Property Features for 1241 Harrod Ave The
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
1 x 4BR/3BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,992
Building Details
Building Size
2,800 SF
Year Built
1930
Units
3
Listing Agency:
Keller Williams Realty NYC Group
Listed By:
Isatou Jabbie
(929) 909-8784
Source:
Elliman
Added: Nov 1
Last Checked: Nov 3 at 7:03AM
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
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Investment Insights
Based on property information with market context.
At 1241 Harrod Ave in the Bronx, this 1930-built residential property contains three apartments: one with four bedrooms and three bathrooms, plus two with two bedrooms and one bathroom each. The basement level has a three-bedroom, two-bathroom layout. A shared driveway accommodates two cars.
The property is in the Soundview section, near public transportation, shopping, schools, and major highways. Its Walk Score is 78, Transit Score is 80, and BikeScore is 58.
The property is in the Soundview section, near public transportation, shopping, schools, and major highways. Its Walk Score is 78, Transit Score is 80, and BikeScore is 58.
Key Highlights
- Three apartments: one 4‑bedroom, 3‑bathroom unit and two 2‑bedroom, 1‑bathroom units
- Basement level has a 3‑bedroom, 2‑bathroom layout
- Shared driveway accommodates two cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,124
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
$1.4M
Cap Rate 7%
$1,016,057
$1.0M
Cap Rate 9%
$790,267
$790.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$107.5K $38.40/SF
− Vacancy
−$5.9K −$2.11/SF
EGI
$101.6K $36.29/SF
− OpEx
−$30.5K −$10.89/SF
NOI
$71.1K $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%
$1,422,480
Cap Rate 7%
$1,016,057
Cap Rate 9%
$790,267
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$920.1K
$805.1K – $1.07M
NOI $64,410 @ 7.0% cap · market cap 5.37%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,814 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,604
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments are complemented by a basement level with a three-bedroom, two-bathroom layout.
Where is this triplex located?
The property is located at 1241 Harrod Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three apartments: one 4‑bedroom, 3‑bathroom unit and two 2‑bedroom, 1‑bathroom units; Basement level has a 3‑bedroom, 2‑bathroom layout; Shared driveway accommodates two cars
