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    Bronx Multifamily Investment Opportunity Title is generated by Realmo AI

    1321 Lafayette Avenue, Bronx, NY 10474

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    Claim this Listing
    For Sale
    $1,150,000

    MULTI_FAMILY - Bronx, NY

    Property size:
    3,100 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $370/SF
    Added:
    Apr 6, 2026
    Days on Market:
    85
    Last Refresh:
    Jun 29 at 6:06 pm

    Property Features for 1321 Lafayette Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 5
    Parking
    3
    Parking features
    Driveway
    Interior features
    Eat-in Kitchen
    Standard status
    Active
    APN
    02762-0129
    Size
    3,100 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7797

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2000
    Number of units
    3
    Building materials
    Brick

    We can help!

    Contact an agent
    Katherine Rivera

    Listing agent Katherine Rivera

    Listing office Motivated Access Realty Corp. 1046 McLean Ave., Ste. 1, Yonkers, NY

    Listing date Apr 6, 2026

    MLS# 981456 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑family at 1321 Lafayette Ave in the Bronx
    • Built in 2000 with brick construction
    • Includes an eat‑in kitchen and multiple bedrooms/bathrooms (Bedroom 1–7 and Bathroom 1–4)
    • Utilities: natural gas available with public water and public sewer
    • Heating with natural gas; cooling via window/wall/window‑unit AC
    • Driveway parking and exterior updates noted: new roof, new boiler, and new windows

    Overview

    This multifamily property, located in the Bronx, presents a turnkey investment opportunity with a 7.3% cap rate. The property features a new roof, boiler, and windows, minimizing the need for immediate repairs. The building, with over 3,100 square feet, offers potential for both portfolio expansion and owner-occupancy with rental income. The property is being sold with two units already occupied by tenants, providing immediate cash flow. The 0.0666-acre lot offers city views. Located at 1321 Lafayette Avenue in the Bronx, this property is positioned as a move-in ready solution in a market with limited inventory.

    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 $119.0k $38.40
    − Vacancy −$6.5k −$2.11
    EGI $112.5k $36.29
    − OpEx −$33.7k −$10.89
    NOI $78.7k $25.40
    3,100 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.12M
    $984.3K – $1.31M (±1% cap)
    NOI $78,745 @ 7.0% cap · market cap 6.85%
    Second Best
    Apartment 5plus
    $1.02M
    $891.4K – $1.19M (±1% cap)
    NOI $71,311 @ 7.0% cap · market cap 6.20%
    Theoretical Best
    Warehouse
    $2.15M
    $1.88M – $2.51M (±1% cap)
    NOI $150,366 @ 7.0% cap · market cap 13.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Belen Daycare Inc Daycare Center

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.886001
    Latitude
    40.817234

    FAQs

    What type of property is this?
    Triplex - Turnkey multifamily property in the Bronx with immediate ROI.
    Where is this triplex located?
    The property is located at 1321 Lafayette Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Multi‑family at 1321 Lafayette Ave in the Bronx; Built in 2000 with brick construction; Includes an eat‑in kitchen and multiple bedrooms/bathrooms (Bedroom 1–7 and Bathroom 1–4)
    More about this property
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