Three-Unit Multifamily
For Sale
$1,295,000
Pending
2874 Roberts Ave The, Bronx, NY 10461
Residential income property with a varied unit mix and one vacant apartment for occupancy or leasing flexibility.
Property Size3,243 SF
Days on Market130
Property Features for 2874 Roberts Ave The
General Information
Standard status
Pending
Size
3,243 SF
Property subtype
Investment
Units
Unit Mix
1 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,669
Building Details
Building Size
3,243 SF
Year Built
1960
Units
3
Listing Agency:
JL Capital Real Estate Corp
Listed By:
Anesa Lajqi
(212) 658-0057
Source:
Elliman
Added: Apr 28
Changed: Sep 2
Last Checked: Sep 1 at 9:08PM
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 JL Capital Real Estate Corp
Investment Insights
Based on property information with market context.
This 1960 multifamily property contains three separate residential units arranged across the building. The configuration includes a walk-in one-bedroom unit, a two-bedroom apartment on the first floor, and a three-bedroom apartment on the second floor. The three-bedroom unit is vacant, creating flexibility for an owner occupant or a new lease-up strategy.
The property is located at 2874 Roberts Ave in The Bronx’s Pelham Bay neighborhood, near the 6 train, schools, shopping centers, parks, and major highways. WalkScore is 89, TransitScore is 92, and BikeScore is 88, reflecting access to multiple transportation and neighborhood amenities.
The property is located at 2874 Roberts Ave in The Bronx’s Pelham Bay neighborhood, near the 6 train, schools, shopping centers, parks, and major highways. WalkScore is 89, TransitScore is 92, and BikeScore is 88, reflecting access to multiple transportation and neighborhood amenities.
Key Highlights
- Three‑family property built in 1960
- Unit mix includes one-, two-, and three‑bedroom residences
- Vacant three‑bedroom apartment on the second floor
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
$82,377
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
6.36%
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%
$1,647,540
$1.6M
Cap Rate 7%
$1,176,814
$1.2M
Cap Rate 9%
$915,300
$915.3K
Market Conditions
NOI Build-Up for 3,243 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
$124.5K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$117.7K $36.29/SF
− OpEx
−$35.3K −$10.89/SF
NOI
$82.4K $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%
$1,647,540
Cap Rate 7%
$1,176,814
Cap Rate 9%
$915,300
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,377 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$1.07M
$932.5K – $1.24M
NOI $74,601 @ 7.0% cap · market cap 5.76%
Theoretical Best
Warehouse
$2.25M
$1.97M – $2.62M
NOI $157,302 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Residential income property with a varied unit mix and one vacant apartment for occupancy or leasing flexibility.
Where is this triplex located?
The property is located at 2874 Roberts Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three‑family property built in 1960; Unit mix includes one-, two-, and three‑bedroom residences; Vacant three‑bedroom apartment on the second floor
