Bronx Multifamily Property for
3170 East Tremont Avenue Bronx, NY 10461
For Sale
$1,400,000
Pending
Multifamily property in the Bronx, totaling 5,220 square feet.
Property Size5,220 SF
Days on Market963
Property Features for 3170 East Tremont Avenue
General Information
- Standard status
- Pending
- Size
- 5,220 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency:
Preferred Realty Group of NY
(718) 239-6136
Listed By:
Donna M. Visvader · License #31VI0892002
(718) 239-6136
Source:
Compass
Added: Dec 3, 2023
Changed: Jul 10
Last Checked: Jul 23 at 9:23AM
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 Preferred Realty Group of NY
Investment Insights
Based on property information with market context.
This multifamily property is located in the Bronx. The property offers a total size of 5,220 square feet. It is classified as a residential income property.
Key Highlights
- Multifamily property ideal for investors or owner‑occupants.
- Boasting a total living area of 5,220 square feet.
- Located in the Bronx, offering convenient access to local amenities.
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 | $231.8k | $44.40 |
| − Vacancy | −$13.4k | −$2.58 |
| EGI | $218.3k | $41.82 |
| − OpEx | −$98.2k | −$18.82 |
| NOI | $120.1k | $23.00 |
5,220 SF · lease $44.40/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,079 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.62M
$3.16M – $4.22M
NOI $253,197 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FAMILY CHIROPRACTIC
Alternative Medicine Practice
8 Constitutional Acupuncture
Medical Clinic
Jane Fitzgerald
Alternative Medicine Practice
FAQs
What type of property is this?
Multifamily property - Multifamily property in the Bronx, totaling 5,220 square feet.
Where is this multifamily property located?
The property is located at 3170 East Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Multifamily property ideal for investors or owner‑occupants.; Boasting a total living area of 5,220 square feet.; Located in the Bronx, offering convenient access to local amenities.
