Brick Triplex with Finished
For Sale
$1,350,000
1388 Bristow Street, Bronx, NY 10459
Residential Income, Bronx, NY
Property Size3,900 SF
Lot Size0.05 Acres
Price / SF$346.15
Days on Market10
Property Features for 1388 Bristow Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
17
Bathrooms
11
Full bathrooms
9
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 16, Bedroom 15, Bathroom 8, Bathroom 4, Bathroom 10, Bedroom 1, Bedroom 9, Bathroom 9, Bedroom 7, Bedroom 4, Bedroom 12, Bathroom 7, Bedroom 10, Bedroom 3, Bedroom 2, Bathroom 11, Bedroom 8, Bathroom 5, Bathroom 3, Bedroom 14, Bedroom 11, Bedroom 5, Bedroom 17, Bathroom 2, Bathroom 6, Bedroom 13, Bedroom 6
Parking features
Off Street
Interior features
Open Floorplan, Open Kitchen
Basement
Partially Finished
Lot features
Level
Elementary school
Ps 134 George F Bristow
Middle school
Esmt-Is 190
High school
Bronx Regional High School
Elementary school district
Bronx 12
Middle school district
Bronx 12
High school district
Bronx
Directions
Use google maps or mapquest
Standard status
Active
APN
02964-0009
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2018
Tax Annual Amount
5000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1991
Number of units
3
Building materials
Brick
Listing Agency:
Allgold Realty Corp.
(914) 400-0540
Listed By:
Alidu James
(914) 837-0431
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 28 at 4:06PM
MLS# H5126379
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1991 brick triplex is configured as a semi-detached multifamily property with approximately 3900 sqft of building area. The three residential units include open living and dining areas, kitchens, and multiple bedrooms and bathrooms. The first floor has two bedrooms and two full bathrooms, while the second and third floors each provide three bedrooms, two full bathrooms, living space, dining areas, and kitchen space. The third-floor and second-floor layouts also include walk-in closets, with a private bath serving the second-floor primary bedroom.
A finished, high-ceiling basement includes an additional full bathroom and open space. The property has four hot water tanks, four boilers, four gas meters, and four electric meters, supporting separately metered utilities. Additional features include a paved backyard, off-street parking, public water and sewer, natural-gas baseboard heat, and wall or window unit cooling. The property is located in the Longwood section of the Bronx at 1388 Bristow Street, Bronx, NY 10459.
A finished, high-ceiling basement includes an additional full bathroom and open space. The property has four hot water tanks, four boilers, four gas meters, and four electric meters, supporting separately metered utilities. Additional features include a paved backyard, off-street parking, public water and sewer, natural-gas baseboard heat, and wall or window unit cooling. The property is located in the Longwood section of the Bronx at 1388 Bristow Street, Bronx, NY 10459.
Key Highlights
- Three‑unit brick multifamily property built in 1991
- Approximately 3900 sqft of building area on a 0.0459‑acre lot
- Finished high‑ceiling basement with an additional full bathroom
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
$99,066
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
7.34%
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%
$1,981,320
$2.0M
Cap Rate 7%
$1,415,229
$1.4M
Cap Rate 9%
$1,100,733
$1.1M
Market Conditions
NOI Build-Up for 3,900 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
$149.8K $38.40/SF
− Vacancy
−$8.2K −$2.11/SF
EGI
$141.5K $36.29/SF
− OpEx
−$42.5K −$10.89/SF
NOI
$99.1K $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%
$1,981,320
Cap Rate 7%
$1,415,229
Cap Rate 9%
$1,100,733
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,066 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,714 @ 7.0% cap · market cap 6.65%
Theoretical Best
Warehouse
$2.70M
$2.36M – $3.15M
NOI $189,170 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,378
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
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 - Semi-detached Bronx multifamily property with open-plan interiors, separate utilities, and a paved rear yard.
Where is this triplex located?
The property is located at 1388 Bristow Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three‑unit brick multifamily property built in 1991; Approximately 3900 sqft of building area on a 0.0459‑acre lot; Finished high‑ceiling basement with an additional full bathroom
