Brick Triplex With Private
For Sale
$1,100,000
1405 E 233rd St The, Bronx, NY 10466
Three residential units include finished lower-level space, outdoor amenities, and convenient access to shopping, transit, schools, and parks.
Property Size3,036 SF
Price / SF$362.32
Days on Market53
Property Features for 1405 E 233rd St The
General Information
Standard status
Active
Size
3,036 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,475
Amenities
finished basement
laundry
private rear yard
brick oven
Building Details
Building Size
3,036 SF
Year Built
1959
Buildings
1
Units
3
Construction
brick
Listing Agency:
Fave Realty Inc.
Listed By:
Elvis Gonzalez · License #10401287727
(646) 320-8803
Source:
Elliman
Added: Aug 28
Changed: Oct 4
Last Checked: Oct 19 at 7:15AM
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 Fave Realty Inc.
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Investment Insights
Based on property information with market context.
This 1959 brick triplex contains approximately 3,036 square feet arranged among three residential apartments. The unit mix includes a three-bedroom residence on the top floor, a two-bedroom apartment on the second floor, and a one-bedroom apartment at street level. Hardwood flooring and natural light are noted throughout the units, which feature practical living arrangements.
A full finished basement adds laundry facilities and additional rooms for storage, recreation, or other uses. Exterior amenities include a private rear yard with a brick oven. Parking is provided by an attached garage and private driveway with capacity for up to two vehicles.
The property is located at 1405 E 233rd St in The Bronx, near shopping, dining, schools, parks, and public transportation. Dyre Avenue subway station is identified as a nearby transit option. Walk Score is 74, Transit Score is 65, and Bike Score is 53.
A full finished basement adds laundry facilities and additional rooms for storage, recreation, or other uses. Exterior amenities include a private rear yard with a brick oven. Parking is provided by an attached garage and private driveway with capacity for up to two vehicles.
The property is located at 1405 E 233rd St in The Bronx, near shopping, dining, schools, parks, and public transportation. Dyre Avenue subway station is identified as a nearby transit option. Walk Score is 74, Transit Score is 65, and Bike Score is 53.
Key Highlights
- Three‑unit brick property with approximately 3,036 square feet of living space
- Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments
- Full finished basement includes laundry and additional rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,119
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,380
$1.5M
Cap Rate 7%
$1,101,700
$1.1M
Cap Rate 9%
$856,878
$856.9K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$116.6K $38.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$110.2K $36.29/SF
− OpEx
−$33.1K −$10.89/SF
NOI
$77.1K $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 Rate 5%
$1,542,380
Cap Rate 7%
$1,101,700
Cap Rate 9%
$856,878
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.0K – $1.29M
NOI $77,119 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$997.7K
$873.0K – $1.16M
NOI $69,839 @ 7.0% cap · market cap 6.35%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,261 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
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Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include finished lower-level space, outdoor amenities, and convenient access to shopping, transit, schools, and parks.
Where is this triplex located?
The property is located at 1405 E 233rd St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit brick property with approximately 3,036 square feet of living space; Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom apartments; Full finished basement includes laundry and additional rooms
