Three-Family Brick
For Sale
$999,900
1321 Lafayette Avenue, Bronx, NY 10474
Legal three-family residence with a three-bedroom lower-level configuration, additional apartments, and on-site parking.
Property Size2,400 SF
Days on Market23
Property Features for 1321 Lafayette Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Triplex
Zoning
R6
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,250
Building Details
Building Size
2,400 SF
Year Built
2000
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Motivated Access Realty Corp.
Listed By:
Hipolito Rosario · License #10311208838
(646) 359-9753
Source:
Serhant
Added: Sep 9
Changed: Sep 25
Last Checked: Sep 30 at 6:07PM
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.
Investment Insights
Based on property information with market context.
This legal three-family property is a brick residence built in 2000. The first floor and accessory unit together provide three bedrooms and two bathrooms. The second floor includes two bedrooms and one bathroom, while the third-floor apartment is vacant. On-site parking is also available.
The property is identified as R6 and is located at 1321 Lafayette Avenue in the Bronx. Its three-floor layout combines occupied apartments with a vacant upper-level unit, providing a clear multifamily configuration for review.
The property is identified as R6 and is located at 1321 Lafayette Avenue in the Bronx. Its three-floor layout combines occupied apartments with a vacant upper-level unit, providing a clear multifamily configuration for review.
Key Highlights
- Legal three‑family property with a three‑floor residential layout
- Brick construction completed in 2000
- First floor and accessory unit include 3 bedrooms and 2 bathrooms
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
$60,964
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
6.10%
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%
$1,219,280
$1.2M
Cap Rate 7%
$870,914
$870.9K
Cap Rate 9%
$677,378
$677.4K
Market Conditions
NOI Build-Up for 2,400 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
$92.2K $38.40/SF
− Vacancy
−$5.1K −$2.11/SF
EGI
$87.1K $36.29/SF
− OpEx
−$26.1K −$10.89/SF
NOI
$61.0K $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 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%
$1,219,280
Cap Rate 7%
$870,914
Cap Rate 9%
$677,378
Alternative Uses
Best Use
Multifamily LT 5
$870.9K
$762.1K – $1.02M
NOI $60,964 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$788.7K
$690.1K – $920.2K
NOI $55,209 @ 7.0% cap · market cap 5.52%
Theoretical Best
Warehouse
$1.66M
$1.46M – $1.94M
NOI $116,412 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family residence with a three-bedroom lower-level configuration, additional apartments, and on-site parking.
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 $999,900.
What are key features of this property?
This property features: Legal three‑family property with a three‑floor residential layout; Brick construction completed in 2000; First floor and accessory unit include 3 bedrooms and 2 bathrooms
