Bronx Multifamily Investment
For Sale
$850,000
Pending
1907 Edenwald Ave The, Bronx, NY 10466
Legal 3-family home in Edenwald/Wakefield, close to amenities.
Property Size1,931 SF
Lot Size0.06 Acres
Days on Market217
Property Features for 1907 Edenwald Ave The
General Information
Standard status
Pending
Size
1,931 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,292
Building Details
Building Size
1,931 SF
Year Built
1940
Units
3
Listing Agency:
Keller Williams Realty Group
Listed By:
Ryan M. Otis · License #10401389261
(914) 382-9554
Source:
Elliman
Added: Mar 11
Changed: Oct 3
Last Checked: Oct 12 at 7:16PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This legal 3-family home presents an investment opportunity in the Edenwald/Wakefield section of the Bronx. The property is suitable for investors or owner-occupants seeking to generate rental income. Its location offers convenient access to public transportation, local schools, shopping, and parks. The property is also situated minutes away from Seton Falls Park and other neighborhood amenities.
Key Highlights
- Legal 3‑family home: Ideal for investors or owner‑occupants seeking rental income.
- Convenient location: Close proximity to public transportation, local schools, shopping, and parks.
- Prime location in the Edenwald/Wakefield section of the Bronx.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,050
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,000
$981.0K
Cap Rate 7%
$700,714
$700.7K
Cap Rate 9%
$545,000
$545.0K
Market Conditions
NOI Build-Up for 1,931 SF
Gross rent
$74.2K $38.40/SF
− Vacancy
−$4.1K −$2.11/SF
EGI
$70.1K $36.29/SF
− OpEx
−$21.0K −$10.89/SF
NOI
$49.1K $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%
$981,000
Cap Rate 7%
$700,714
Cap Rate 9%
$545,000
Alternative Uses
Best Use
Multifamily LT 5
$700.7K
$613.1K – $817.5K
NOI $49,050 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$634.6K
$555.3K – $740.3K
NOI $44,420 @ 7.0% cap · market cap 5.23%
Theoretical Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,663 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Legal 3-family home in Edenwald/Wakefield, close to amenities.
Where is this triplex located?
The property is located at 1907 Edenwald Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Legal 3‑family home: Ideal for investors or owner‑occupants seeking rental income.; Convenient location: Close proximity to public transportation, local schools, shopping, and parks.; Prime location in the Edenwald/Wakefield section of the Bronx.
