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    Updated Multi-Unit Townhouse in Bronx Title is generated by Realmo AI

    138 West 179th Street, Bronx, NY 10453

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    Claim this Listing
    For Sale
    $1,400,000

    Multi-Unit (2-4) - Bronx, NY

    Property size:
    4,994 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $280/SF
    Added:
    May 18, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for 138 West 179th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    4,994 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Floors in Building
    3
    Architectural style
    Other

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    Listing Contact
    Duncan Garbutt
    Duncan Garbutt

    Listing agent Duncan Garbutt

    Listing office JESKELL REALTY LLC 1445 E GUNHILL RD, Bronx, NY

    Listing date May 18, 2026

    MLS# 11777411 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    Located in the University Heights neighborhood of the Bronx, near Bronx Community College, this residential townhouse is ready for immediate occupancy. The property sits on a level 2,500 sq ft lot. The building has been well maintained and significantly updated. The first floor features a living room, formal dining room, kitchen with a dining area, three bedrooms, and an updated bathroom with a tub and stand-up shower. The second floor has a similar layout to the first floor, with a living room/dining room, den/office, modern kitchen, three bedrooms, and a modern bathroom with a tub and stand-up shower. The third-floor unit is fully renovated and includes a large living room, modern kitchen with a dining alcove, large bedroom, and modern bathroom. This unit also provides access to the roof deck, which is partly covered with solar panels that provide energy to the basement. The finished basement contains a living room, kitchen, bathroom, utility room, storage room, and a repurposed 2-car built-in garage. Heat to the first and second floors is provided by a gas-fired boiler, while the third floor is heated by electric radiators. The gross living area is approximately 3,923 sq ft, with an additional 1,071 sq ft basement area, for a total gross building area of approximately 4,994 sq ft. Washer/dryers and ceiling fans will remain with the sale. Public transportation is located nearby, including the MTA #4 train at Burnside Avenue and buses Bx3, Bx18, and BxM3. There is also easy access to I-87 and Harlem River Drive.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $188.8k $37.80
    − Vacancy −$9.8k −$1.97
    EGI $179.0k $35.83
    − OpEx −$53.7k −$10.75
    NOI $125.3k $25.08
    4,994 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.79M
    $1.57M – $2.09M (±1% cap)
    NOI $125,270 @ 7.0% cap · market cap 8.95%
    Second Best
    Apartment 5plus
    $1.66M
    $1.46M – $1.94M (±1% cap)
    NOI $116,466 @ 7.0% cap · market cap 8.32%
    Theoretical Best
    Office A
    $2.34M
    $2.05M – $2.74M (±1% cap)
    NOI $164,107 @ 7.0% cap · market cap 11.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.913604
    Latitude
    40.855243

    FAQs

    What type of property is this?
    Triplex - Well-maintained, updated multi-unit townhouse in University Heights, Bronx.
    Where is this triplex located?
    The property is located at 138 West 179th Street Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    More about this property
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