Three-Unit Residential
For Sale
$1,099,000
1392 Commonwealth Avenue, Bronx, NY 10472
Three distinct residences include a studio with separate side access, plus a finished basement for additional flexible space.
Property Size1,920 SF
Price / SF$572.40
Days on Market177
Property Features for 1392 Commonwealth Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA, 1 x studio
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,137
Building Details
Building Size
1,920 SF
Year Built
1910
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Upstate NY Properties
Listed By:
James Serio · License #10301219262
(607) 221-4619
Source:
Jamesseriore
Added: May 7
Changed: Oct 30
Last Checked: Oct 30 at 2:10PM
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 Keller Williams Upstate NY Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property includes a first-floor home with three bedrooms, a living room, kitchen, and full bath. The second-floor residence has three bedrooms, two full bathrooms, a kitchen, and an open living and dining area with a built-in bar and china cabinet. A separate studio sits behind the first-floor residence and has private side access. The basement is fully finished and offers additional space for recreation, storage, or workspace.
All units are occupied by tenants under month-to-month agreements. The property was built in 1910 and may also be delivered vacant.
All units are occupied by tenants under month-to-month agreements. The property was built in 1910 and may also be delivered vacant.
Key Highlights
- Three residences: two three‑bedroom homes and a separate studio
- First‑floor residence includes a living room, kitchen, and full bathroom
- Second‑floor home has 3 bedrooms, 2 full bathrooms, a kitchen, and an open living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,771
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,420
$975.4K
Cap Rate 7%
$696,729
$696.7K
Cap Rate 9%
$541,900
$541.9K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$73.7K $38.40/SF
− Vacancy
−$4.1K −$2.11/SF
EGI
$69.7K $36.29/SF
− OpEx
−$20.9K −$10.89/SF
NOI
$48.8K $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 Rate 5%
$975,420
Cap Rate 7%
$696,729
Cap Rate 9%
$541,900
Alternative Uses
Best Use
Multifamily LT 5
$696.7K
$609.6K – $812.9K
NOI $48,771 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$631.0K
$552.1K – $736.1K
NOI $44,167 @ 7.0% cap · market cap 4.02%
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $93,130 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,262
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
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences include a studio with separate side access, plus a finished basement for additional flexible space.
Where is this triplex located?
The property is located at 1392 Commonwealth Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three residences: two three‑bedroom homes and a separate studio; First‑floor residence includes a living room, kitchen, and full bathroom; Second‑floor home has 3 bedrooms, 2 full bathrooms, a kitchen, and an open living and dining area
