Brick 3-Unit
For Sale
$1,200,000
1824 Pilgrim Ave, Bronx, NY 10461
Private outdoor space, garage parking and a walk-out basement complement the three-unit layout.
Property Size2,700 SF
Price / SF$444.44
Days on Market16
Property Features for 1824 Pilgrim Ave
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,785
Amenities
front patio
private yard
walk out basement
fenced lot
Building Details
Buildings
1
Construction
brick
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Elisa Bruno-Midili
(914) 912-1355
Source:
Exprealty
Added: Oct 15
Changed: Oct 29
Last Checked: Oct 28 at 3:44PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This detached, legal brick multifamily property contains three two-bedroom apartments and approximately 2,700+ square feet. A fenced lot includes a private yard, front patio and one-car garage; the building also has a walk-out basement. Interior details include wood floors, high ceilings, arched doorways, and original doors and hardware. Built in 1940, the property offers three residential units in a single building.
The home is in the Pelham Bay section of the Bronx, near the 6 train, shopping, highways, schools, houses of worship, City Island, Orchard Beach and Pelham Bay Park. LaGuardia Airport, Pelham Bay and Split Rock Golf Courses, and the Westchester border are also nearby.
The home is in the Pelham Bay section of the Bronx, near the 6 train, shopping, highways, schools, houses of worship, City Island, Orchard Beach and Pelham Bay Park. LaGuardia Airport, Pelham Bay and Split Rock Golf Courses, and the Westchester border are also nearby.
Key Highlights
- Detached legal brick 3‑family property with three 2‑bedroom apartments
- Approximately 2,700+ square feet
- Fenced lot with a private yard and front patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,584
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,680
$1.4M
Cap Rate 7%
$979,771
$979.8K
Cap Rate 9%
$762,044
$762.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$103.7K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$98.0K $36.29/SF
− OpEx
−$29.4K −$10.89/SF
NOI
$68.6K $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%
$1,371,680
Cap Rate 7%
$979,771
Cap Rate 9%
$762,044
Alternative Uses
Best Use
Multifamily LT 5
$979.8K
$857.3K – $1.14M
NOI $68,584 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$887.3K
$776.4K – $1.04M
NOI $62,110 @ 7.0% cap · market cap 5.18%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,964 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Private outdoor space, garage parking and a walk-out basement complement the three-unit layout.
Where is this triplex located?
The property is located at 1824 Pilgrim Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Detached legal brick 3‑family property with three 2‑bedroom apartments; Approximately 2,700+ square feet; Fenced lot with a private yard and front patio
