Turnkey Multifamily Investment Opportunity

1321 Lafayette Ave The, Bronx, NY 10474

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For Sale

$1,150,000

High-yield Bronx multifamily property with immediate ROI and upgraded interiors.

Type:Investment

Property size:

3,100 SF

Price / SF:

$370/SF

HighLights

Turnkey investment with a 7.3% Cap Rate for immediate ROI.
3,100+ sq. ft. multi‑family property in the Bronx.
Two units are already occupied with reliable tenants, ensuring immediate cash flow.
Upgraded interiors in "as‑is" condition, minimizing renovation needs.
Excellent transit score (90) with easy access to the 6 train and major bus routes.
High walk score (91) indicating a Walker's Paradise.

We can help!

Listing Contact

Katherine Rivera

Learn more

For Sale

$1,150,000

High-yield Bronx multifamily property with immediate ROI and upgraded interiors.

Type:Investment

Property size:

3,100 SF

Price / SF:

$370/SF

Added:: Apr 24, 2026
Days on Market:: 57
Last Refresh:: Apr 24 at 3:48 pm

Property Features for 1321 Lafayette Ave The

General Information

Standard status: Active
Size: 3,100 SF
Property subtype: Investment

Building Details

Year Built: 2000

We can help!

Listing Contact

Katherine Rivera

Listing agent Katherine Rivera License #10311208838

Listing office Motivated Access Realty Corp.

Listing date Apr 24, 2026

Source Elliman

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 Motivated Access Realty Corp.

HighLights

Turnkey investment with a 7.3% Cap Rate for immediate ROI.
3,100+ sq. ft. multi‑family property in the Bronx.
Two units are already occupied with reliable tenants, ensuring immediate cash flow.
Upgraded interiors in "as‑is" condition, minimizing renovation needs.
Excellent transit score (90) with easy access to the 6 train and major bus routes.
High walk score (91) indicating a Walker's Paradise.

Overview

This multifamily property, spanning over 3,100 square feet, presents a turnkey investment opportunity with a 7.3% cap rate. Located in the Bronx, the property offers immediate return on investment. It is suitable for investors seeking a high-performing addition to their portfolio or for those looking for a primary residence that generates income. The building is being sold with two units already occupied by tenants, ensuring immediate cash flow. The property is sold in "as-is" condition and features upgraded interiors. Residents can enjoy expansive city views, including views of local fireworks displays. Transportation is facilitated by easy access to the 6 train and major bus routes, providing convenient commutes to Manhattan and other destinations. The location has a walk score of 91, indicating it is a walker's paradise, a transit score of 90, indicating it is a rider's paradise, and a bike score of 53, indicating it is bikeable.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$137.6k	$44.40
− Vacancy	−$8.0k	−$2.58
EGI	$129.7k	$41.82
− OpEx	−$58.3k	−$18.82
NOI	$71.3k	$23.00

3,100 SF · lease $44.40/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.02M

$891.4K – $1.19M (±1% cap)

NOI $71,311 @ 7.0% cap · market cap 6.20%

Second Best

—

no second resolved use

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.

Location Intelligence

Current Use by Public Records

Belen Daycare Inc Daycare Center

Suggested Use

Location Insight

Map
Local Demand

City: Bronx
County: Bronx
State: New York
Longitude: -73.885666
Latitude: 40.817284

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For sale
Multifamily properties
NY
Bronx
10474
1321 Lafayette Ave The

What type of property is this?

Multifamily property - High-yield Bronx multifamily property with immediate ROI and upgraded interiors.

Where is this multifamily property located?

The property is located at 1321 Lafayette Ave The 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: Turnkey investment with a **7.3% Cap Rate** for immediate ROI.; 3,100+ sq. ft. multi‑family property in the Bronx.; Two units are already occupied with reliable tenants, ensuring immediate cash flow.

1321 Lafayette Ave The, Bronx, NY 10474

High-yield Bronx multifamily property with immediate ROI and upgraded interiors.

Property Features for 1321 Lafayette Ave The

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property in Bronx, NY

Established Laundromat Business For Sale

Bronx Retail Investment Opportunity

Spacious Two-Family Bronx Property

Bronx Two-Family Home For Sale

Industrial Auto Repair Warehouse

Renovated Two-Family Brick Home

Charming Bronx Multi-Family Home

Retail Storefront Redevelopment Opportunity

Pelham Parkway Two-Family Home

Spacious Bronx Two-Family Home

Detached Mixed-Use Brick Building

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