3-Unit Brick
1311 Commonwealth Avenue, Bronx, NY 10472
For Sale
$1,300,000
Pending
The property is occupied and offered in its current condition, with a garage on site.
Property Size3,685 SF
Days on Market11
Property Features for 1311 Commonwealth Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full
Yes
Eat-in Kitchen
Public
No
Garage
3685
Building Details
Building Size
Year Built
Construction
Listing Agency:
RC House Sales Realty Corp.
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 31
Changed: Nov 2
Last Checked: Nov 9 at 8:31AM
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 RC House Sales Realty Corp.
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Investment Insights
Based on property information with market context.
This semi-attached brick, three-family property in the Bronx contains 3,685 square feet and includes a garage. Built in 1925, it is being sold occupied and in its present condition.
The property is located at 1311 Commonwealth Avenue, Bronx, NY 10472.
The property is located at 1311 Commonwealth Avenue, Bronx, NY 10472.
Key Highlights
- Three‑family property with 3,685 square feet
- Semi‑attached brick construction
- Garage on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,605
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,100
$1.9M
Cap Rate 7%
$1,337,214
$1.3M
Cap Rate 9%
$1,040,056
$1.0M
Market Conditions
NOI Build-Up for 3,685 SF
Gross rent
$141.5K $38.40/SF
− Vacancy
−$7.8K −$2.11/SF
EGI
$133.7K $36.29/SF
− OpEx
−$40.1K −$10.89/SF
NOI
$93.6K $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%
$1,872,100
Cap Rate 7%
$1,337,214
Cap Rate 9%
$1,040,056
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,605 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,768 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,080 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,261
Businesses Nearby
Explore this area
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
$632,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property is occupied and offered in its current condition, with a garage on site.
Where is this triplex located?
The property is located at 1311 Commonwealth Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑family property with 3,685 square feet; Semi‑attached brick construction; Garage on site
