Attached Triplex with
For Sale
$1,300,000
1481 Bryant Ave The, Bronx, NY 10460
Three-unit residential property with one vacant floor, two occupied units, and street parking without a driveway or garage.
Property Size3,294 SF
Days on Market8
Property Features for 1481 Bryant Ave The
General Information
Standard status
Active
Size
3,294 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,626
Building Details
Building Size
3,294 SF
Year Built
1920
Units
3
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Tyrone L. Byrdsong
(718) 710-3584
Source:
Elliman
Added: Aug 28
Changed: Sep 3
Last Checked: Sep 2 at 8:22PM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
Built in 1920, this attached triplex contains three residential units, with each offering three bedrooms and one full bathroom. The first- and third-floor apartments are occupied, while the second floor is vacant. A semi-finished basement provides additional usable area within the property. Parking is limited to the street, with no driveway or garage.
The property is located at 1481 Bryant Ave in The Bronx, NY 10460, near shopping, schools, public transportation, and major roadways. Its walk score is 82, bike score is 76, and transit score is 100. The combination of three-bedroom unit layouts, existing occupancy, and a vacant apartment provides a range of ownership and operating configurations.
The property is located at 1481 Bryant Ave in The Bronx, NY 10460, near shopping, schools, public transportation, and major roadways. Its walk score is 82, bike score is 76, and transit score is 100. The combination of three-bedroom unit layouts, existing occupancy, and a vacant apartment provides a range of ownership and operating configurations.
Key Highlights
- Attached triplex with 3 residential units
- Each unit includes 3 bedrooms and 1 full bathroom
- Second‑floor unit is vacant; first- and third‑floor units are occupied
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
$83,673
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
6.44%
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%
$1,673,460
$1.7M
Cap Rate 7%
$1,195,329
$1.2M
Cap Rate 9%
$929,700
$929.7K
Market Conditions
NOI Build-Up for 3,294 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
$126.5K $38.40/SF
− Vacancy
−$7.0K −$2.11/SF
EGI
$119.5K $36.29/SF
− OpEx
−$35.9K −$10.89/SF
NOI
$83.7K $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%
$1,673,460
Cap Rate 7%
$1,195,329
Cap Rate 9%
$929,700
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,673 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.08M
$947.2K – $1.26M
NOI $75,774 @ 7.0% cap · market cap 5.83%
Theoretical Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,776 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
Explore this area
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
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 - Three-unit residential property with one vacant floor, two occupied units, and street parking without a driveway or garage.
Where is this triplex located?
The property is located at 1481 Bryant Ave The 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: Attached triplex with 3 residential units; Each unit includes 3 bedrooms and 1 full bathroom; Second‑floor unit is vacant; first- and third‑floor units are occupied
