Three-Unit Residential Building with
New
For Sale
$1,150,000
1463 Saint Lawrence Avenue, Bronx, NY 10460
The property includes two second-floor apartments, a first-floor residence, and basement rooms with separate entrances.
Property Size3,164 SF
Price / SF$363.46
Days on Market2
Property Features for 1463 Saint Lawrence Avenue
General Information
Standard status
Active
Size
3,164 SF
Property subtype
Residential Income
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,122
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
3,164 SF
Year Built
1920
Units
3
Tenancy
Multi
Listing Agency:
Prime Realty
Listed By:
Jinyang Ye
Source:
Moreandmorerealestate
Added: Oct 31
Changed: Nov 1
Last Checked: Nov 1 at 1:39AM
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 Prime Realty
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Investment Insights
Based on property information with market context.
This 3,164-square-foot residential property was built in 1920 and contains three apartments. The first-floor unit is delivered vacant. Upstairs, the front apartment has two bedrooms, a living room, and one full bathroom; the rear apartment has one bedroom, a living room, and one full bathroom. The front upstairs unit is occupied, while the rear unit is vacant. Ceilings measure at least nine feet on every level, and a centrally positioned garage is included.
The basement has separate front and rear entrances. Its front section contains a family room and full bathroom; the rear section includes a boiler room, three separate heating systems, a shared hot-water heater, storage, and a garbage room. Bus service is available on the BxM6 and Q44, with the 6 train about a 10-minute walk away and the 2 and 5 trains about a 12-minute walk away.
The basement has separate front and rear entrances. Its front section contains a family room and full bathroom; the rear section includes a boiler room, three separate heating systems, a shared hot-water heater, storage, and a garbage room. Bus service is available on the BxM6 and Q44, with the 6 train about a 10-minute walk away and the 2 and 5 trains about a 12-minute walk away.
Key Highlights
- Three apartments in a 3,164‑square‑foot building constructed in 1920
- At least nine‑foot ceilings on every level
- First‑floor apartment delivered vacant; two second‑floor apartments, one vacant and one occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,371
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,607,420
$1.6M
Cap Rate 7%
$1,148,157
$1.1M
Cap Rate 9%
$893,011
$893.0K
Market Conditions
NOI Build-Up for 3,164 SF
Gross rent
$121.5K $38.40/SF
− Vacancy
−$6.7K −$2.11/SF
EGI
$114.8K $36.29/SF
− OpEx
−$34.4K −$10.89/SF
NOI
$80.4K $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%
$1,607,420
Cap Rate 7%
$1,148,157
Cap Rate 9%
$893,011
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,371 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.04M
$909.8K – $1.21M
NOI $72,784 @ 7.0% cap · market cap 6.33%
Theoretical Best
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,470 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,342
Businesses Nearby
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Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
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 - The property includes two second-floor apartments, a first-floor residence, and basement rooms with separate entrances.
Where is this triplex located?
The property is located at 1463 Saint Lawrence Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three apartments in a 3,164‑square‑foot building constructed in 1920; At least nine‑foot ceilings on every level; First‑floor apartment delivered vacant; two second‑floor apartments, one vacant and one occupied
