Vacant Triplex in Desirable
For Sale
$999,900
Pending
1350 Croes Ave The, Bronx, NY 10472
Vacant three-family property near transportation and shopping.
Property Size3,685 SF
Lot Size0.06 Acres
Days on Market215
Property Features for 1350 Croes Ave The
General Information
Standard status
Pending
Size
3,685 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,566
Building Details
Building Size
3,685 SF
Year Built
1930
Units
3
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Ishwar Rameshar
(914) 410-1839
Source:
Elliman
Added: Mar 10
Changed: Sep 26
Last Checked: Oct 7 at 2:37PM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
This is a vacant three-family property situated in a highly desired neighborhood. The location offers convenient access to transportation, shopping, and places of worship.
Key Highlights
- Huge vacant 3‑family property
- Highly desired neighborhood
- Close to all transportation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,768
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,360
$1.7M
Cap Rate 7%
$1,210,971
$1.2M
Cap Rate 9%
$941,867
$941.9K
Market Conditions
NOI Build-Up for 3,685 SF
Gross rent
$163.6K $44.40/SF
− Vacancy
−$9.5K −$2.58/SF
EGI
$154.1K $41.82/SF
− OpEx
−$69.4K −$18.82/SF
NOI
$84.8K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,360
Cap Rate 7%
$1,210,971
Cap Rate 9%
$941,867
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,605 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,768 @ 7.0% cap · market cap 8.48%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.98M
NOI $178,741 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,173
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Vacant three-family property near transportation and shopping.
Where is this triplex located?
The property is located at 1350 Croes Ave The 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: Huge vacant 3‑family property; Highly desired neighborhood; Close to all transportation
