1851 Watson Ave, Bronx, NY 10472

Building Details

Year Built 1925 More

Listing Agency: Beacon Homes Intl., Inc

Listed By: Silvio Guerrero Show Phone

Source: Jaida.mappmyhome

Added: Oct 5 Changed: Nov 8 Last Checked: Nov 8 at 7:00AM

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Investment Insights

Based on property information with market context.

Built in 1925, this 2,970-square-foot triplex includes two additional units. The property is tenant-occupied, and the legal status, permitted use, occupancy, and rental potential of the extra units require independent verification; no guarantees are made regarding their legality or use.

The seller may be able to provide one or two units vacant, subject to current leases, tenancy arrangements, and applicable laws. Located in the Bronx, the property is offered for sale.

Key Highlights

• 2,970‑square‑foot triplex built in 1925
• Two additional units; legal status, permitted use, occupancy, and rental potential require independent verification
• Tenant‑occupied; seller may be able to deliver one or two units vacant, subject to leases, tenancy arrangements, and applicable laws

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,443

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,508,860 $1.5M

Cap Rate 7%

$1,077,757 $1.1M

Cap Rate 9%

$838,256 $838.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,970 SF

Gross rent

$114.0K $38.40/SF

− Vacancy

−$6.3K −$2.11/SF

EGI

$107.8K $36.29/SF

− OpEx

−$32.3K −$10.89/SF

NOI

$75.4K $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%

$1,508,860

Cap Rate 7%

$1,077,757

Cap Rate 9%

$838,256

Alternative Uses

Best Use

Multifamily LT 5

$1.08M

$943.0K – $1.26M (±1% cap)

NOI $75,443 @ 7.0% cap · market cap 5.59%

Second Best

Apartment 5plus

$976.0K

$854.0K – $1.14M (±1% cap)

NOI $68,321 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,199 @ 7.0% cap · market cap 7.35%

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

Location Intelligence

Trade Area within ½ mile

2,753

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

Market

Average Price Trend$/SF for Triplexes in Bronx, NY

$405 Jul

$411 Aug

$395 Sep

$408 Oct

Properties on Market for Triplexes in Bronx

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Tenant-occupied multifamily property with two extra units whose legal status and permitted use require independent verification.

Where is this triplex located?

The property is located at 1851 Watson Ave Bronx, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 2,970‑square‑foot triplex built in 1925; Two additional units; legal status, permitted use, occupancy, and rental potential require independent verification; Tenant‑occupied; seller may be able to deliver one or two units vacant, subject to leases, tenancy arrangements, and applicable laws