Three-Unit Mixed-Use
For Sale
$1,129,000
1367 Prospect Avenue, Bronx, NY 10459
A ground-level commercial space sits below two apartments with three- and four-bedroom layouts.
Property Size2,672 SF
Days on Market11
Property Features for 1367 Prospect Avenue
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR, 1 x 4BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,971
Amenities
stainless steel appliances
Building Details
Building Size
2,672 SF
Year Built
1901
Listing Agency:
RE/MAX Team
Listed By:
Alexander Mikhaylov · License #10301217282
(917) 587-5799
Source:
Serhant
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 15 at 8:14AM
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 RE/MAX Team
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Investment Insights
Based on property information with market context.
Built in 1901, this Bronx mixed-use building contains a commercial unit on the ground level and two apartments above. The second-floor residence has three bedrooms; the third-floor apartment has four and is vacant. Renovations were completed several years ago, and stainless steel appliances are present throughout.
The property is located at 1367 Prospect Avenue in the Bronx.
The property is located at 1367 Prospect Avenue in the Bronx.
Key Highlights
- Three total units: one ground‑floor commercial space and two apartments
- Second‑floor apartment has 3 bedrooms
- Vacant third‑floor apartment has 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,466
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,320
$1.2M
Cap Rate 7%
$878,086
$878.1K
Cap Rate 9%
$682,956
$683.0K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$118.6K $44.40/SF
− Vacancy
−$6.9K −$2.58/SF
EGI
$111.8K $41.82/SF
− OpEx
−$50.3K −$18.82/SF
NOI
$61.5K $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%
$1,229,320
Cap Rate 7%
$878,086
Cap Rate 9%
$682,956
Alternative Uses
Best Use
Apartment 5plus
$878.1K
$768.3K – $1.02M
NOI $61,466 @ 7.0% cap · market cap 5.44%
Second Best
Mixed Use
$764.4K
$668.8K – $891.8K
NOI $53,507 @ 7.0% cap · market cap 4.74%
Theoretical Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,606 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-level commercial space sits below two apartments with three- and four-bedroom layouts.
Where is this mixed-use property located?
The property is located at 1367 Prospect Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Three total units: one ground‑floor commercial space and two apartments; Second‑floor apartment has 3 bedrooms; Vacant third‑floor apartment has 4 bedrooms
