Turnkey Detached Three-Family
For Sale
$1,350,000
Pending
3335 Perry Ave The, Bronx, NY 10467
Recently renovated, fully vacant three-family with modern finishes, private backyard access, and updated mechanicals.
Property Size3,371 SF
Days on Market81
Property Features for 3335 Perry Ave The
General Information
Standard status
Pending
Size
3,371 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,898
Building Details
Building Size
3,371 SF
Year Built
1920
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty NYC Group
(718) 697-6800
Listed By:
Kenneth Fuentes · License #10401214433
(718) 697-6800
Source:
Elliman
Added: Jun 3
Changed: Aug 13
Last Checked: Aug 21 at 7:24AM
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.
This fully detached brick three-family home is delivered completely vacant and in excellent, recently renovated condition. The top floor offers a 3-bedroom, 1-bath layout with an updated kitchen and bathroom. The middle unit features a 3-bedroom, 2-bath configuration with an updated kitchen and bathroom, and it leads out to the large backyard with an updated en-suite. The bottom floor provides a 2-bedroom, 1-bath apartment with an updated kitchen and bathroom. Across the property, kitchens include stone countertops and stainless steel appliances, and all bathrooms have been refreshed with modern finishes.
The home includes a large electric garage with high ceilings and access to a sizeable backyard for outdoor use. Additional improvements and systems include a newer roof, three boilers and three water tanks, washer/dryer hookups, and Nest smart thermostats that control heat via app. A high-tech security system with intercom functionality supports communication and remote lock/unlock capability.
With three distinct residential units and straightforward tenant-ready finishes, this property can fit well for buyers seeking a turnkey multifamily residence with in-place updates and practical on-site storage. The home is also one block from shops and public transportation, supporting day-to-day convenience for residents.
The home includes a large electric garage with high ceilings and access to a sizeable backyard for outdoor use. Additional improvements and systems include a newer roof, three boilers and three water tanks, washer/dryer hookups, and Nest smart thermostats that control heat via app. A high-tech security system with intercom functionality supports communication and remote lock/unlock capability.
With three distinct residential units and straightforward tenant-ready finishes, this property can fit well for buyers seeking a turnkey multifamily residence with in-place updates and practical on-site storage. The home is also one block from shops and public transportation, supporting day-to-day convenience for residents.
Key Highlights
- Fully vacant, detached brick 3‑family with over 3,300 SF; recently renovated and ready to move in
- Each unit has updated kitchen and bathrooms with stone countertops and stainless steel appliances
- Top unit: 3 bed/1 bath with updated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,606,920
$1.6M
Cap Rate 7%
$1,147,800
$1.1M
Cap Rate 9%
$892,733
$892.7K
Market Conditions
NOI Build-Up for 3,300 SF
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.
Gross rent
$122.8K $37.20/SF
− Vacancy
−$8.0K −$2.42/SF
EGI
$114.8K $34.78/SF
− OpEx
−$34.4K −$10.43/SF
NOI
$80.3K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,606,920
Cap Rate 7%
$1,147,800
Cap Rate 9%
$892,733
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,346 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$1.03M
$897.6K – $1.20M
NOI $71,809 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,067 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Recently renovated, fully vacant three-family with modern finishes, private backyard access, and updated mechanicals.
Where is this triplex located?
The property is located at 3335 Perry Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully vacant, detached brick 3‑family with over 3,300 SF; recently renovated and ready to move in; Each unit has updated kitchen and bathrooms with stone countertops and stainless steel appliances; Top unit: 3 bed/1 bath with updated kitchen and bathroom
