Renovated Multi-Unit
138 West 179th Street, Bronx, NY 10453
Multi-Unit (2-4) - Bronx, NY
Property size:
3,923 SFLot size:
0.06 AcresPrice / SF:
$331/SF- Added:
- May 18, 2026
- Days on Market:
- 29
- Last Refresh:
- Jun 15 at 6:06 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
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Duncan Garbutt (718) 325-5980
Listing office JESKELL REALTY LLC 1445 E GUNHILL RD, Bronx, NY (718) 325-5980
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.
HighLights
- Level 2,500 sq. ft. lot in University Heights, ready for immediate occupancy
- Approximately 3,923 sq. ft. gross living area plus approx. 1,071 sq. ft. basement for total approx. 4,994 sq. ft.
- First floor: large LR + FDR + KIT with DA, 3 bedrooms, updated bath with tub and standup shower
- Second floor: fully renovated with LR/DR + den/office + modern KIT, 3 bedrooms, modern bath
- Third floor: fully renovated with large LR, modern KIT with dining alcove, large bedroom, modern bath, and roof deck access partly covered with solar panels
- Finished basement with LR + KIT + bath, utility and storage; heat via fairly new gas‑fired boiler (1st/2nd) and electric radiators (3rd)
Overview
This well-maintained, significantly updated multi-unit townhouse is ready for immediate occupancy. The interior is designed for straightforward navigation, with the first floor featuring a large living room with formal dining room and kitchen, three bedrooms, and an updated bathroom with tub and stand-up shower. The second floor mirrors the layout with a living/dining room, den/office, modern kitchen, three bedrooms, and a modern bathroom. The third floor includes a large living room, modern kitchen with dining alcove, a large bedroom, and a modern bathroom, plus access to a roof deck that is partly covered with solar panels. A finished basement adds additional living space with a living room, kitchen, bathroom, utility and storage rooms, and a repurposed built-in two-car garage.
Located in the University Heights section of the Bronx, the property is near the historic Bronx Community College campus. Public transportation is nearby, including the MTA #4 train at Burnside Avenue and bus routes Bx3, Bx18, and BxM3, with easy access to I-87 and Harlem River Drive.
The configuration supports a multi-unit living setup with multiple renovated kitchens and bathrooms, along with in-place comfort systems including a fairly new gas-fired boiler serving the first and second floors and electric radiators for the third floor. Washer/dryers, ceiling fans, and other items are included with the sale. Prospective buyers seeking financing should be prepared to provide lender pre-approval, or proof of funds for cash offers.
Located in the University Heights section of the Bronx, the property is near the historic Bronx Community College campus. Public transportation is nearby, including the MTA #4 train at Burnside Avenue and bus routes Bx3, Bx18, and BxM3, with easy access to I-87 and Harlem River Drive.
The configuration supports a multi-unit living setup with multiple renovated kitchens and bathrooms, along with in-place comfort systems including a fairly new gas-fired boiler serving the first and second floors and electric radiators for the third floor. Washer/dryers, ceiling fans, and other items are included with the sale. Prospective buyers seeking financing should be prepared to provide lender pre-approval, or proof of funds for cash offers.
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 | $148.3k | $37.80 |
| − Vacancy | −$7.7k | −$1.97 |
| EGI | $140.6k | $35.83 |
| − OpEx | −$42.2k | −$10.75 |
| NOI | $98.4k | $25.08 |
3,923 SF · lease $37.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,405 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,489 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,913 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.913604
- Latitude
- 40.855243
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Updated three-story income property with a finished basement, roof deck, and solar-assisted energy.
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 $1,300,000.
What are key features of this property?
This property features: Level 2,500 sq. ft. lot in University Heights, ready for immediate occupancy; Approximately 3,923 sq. ft. gross living area plus approx. 1,071 sq. ft. basement for total approx. 4,994 sq. ft.; First floor: large LR + FDR + KIT with DA, 3 bedrooms, updated bath with tub and standup shower
