757 Elton Ave The, Bronx, NY 10451
Three-story legal three-family home with three separate units, offering flexible living and income potential.
- Added:
- Jun 16, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 17 at 1:52 am
Property Features for 757 Elton Ave The
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Lot size
- 0.05 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1999
Listing agent Pasquale Castaldo (347) 236-8277
Listing office HomeSmart Homes and Estates (347) 236-8277
Listing date Jun 16, 2026
Source Elliman
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HighLights
- Legal three‑family brick home built in 1999 in Melrose (South Bronx)
- Approximately 3,036 SF across three separate apartments on a 2,200 SF lot
- Unit mix includes 1x 3‑bedroom/2‑bath, 1x 2‑bedroom/1‑bath, and 1x 1‑bedroom/1‑bath
- Three‑story multi‑family layout offers flexibility for investors or owner‑occupants
Overview
Set on a 2,200 square foot lot, the home is located in Melrose, South Bronx. WalkScore is listed at 97 and transitScore at 100, with bikeScore at 79, indicating strong access to daily amenities and public transportation options.
This configuration can work well for an owner-occupant seeking additional rental income, or for investors looking for a legal three-family property with a diverse unit mix across one-, two-, and three-bedroom layouts. The three separate apartments provide straightforward household flexibility and a practical path to manage multiple living arrangements within a single building.
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 | $116.6k | $38.40 |
| − Vacancy | −$6.4k | −$2.11 |
| EGI | $110.2k | $36.29 |
| − OpEx | −$33.1k | −$10.89 |
| NOI | $77.1k | $25.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.913995
- Latitude
- 40.820863
