Three-Family Triplex with Private
For Sale
$1,159,000
2000 Mapes Ave The, Bronx, NY 10460
A three-family triplex built in 1994 with private laundry, a private backyard, and one parking space.
Property Size2,280 SF
Days on Market17
Property Features for 2000 Mapes Ave The
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
1
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,438
Amenities
private laundry room
private backyard
Building Details
Building Size
2,280 SF
Year Built
1994
Buildings
1
Stories
3
Units
1
Tenancy
Multi
Listing Agency:
Exit Realty Group
(347) 259-5336
Listed By:
Stephanie Wilson
(347) 259-5336
Source:
Elliman
Added: Jul 30
Changed: Aug 12
Last Checked: Aug 15 at 8:28AM
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 Exit Realty Group
Investment Insights
Based on property information with market context.
This three-family triplex was built in 1994 and is configured for flexible owner-occupancy or investment use. The first floor features a studio apartment. The second floor is a duplex with three bedrooms and two full bathrooms, including a spacious living room and primary bedroom, plus a lower level with two additional bedrooms, a dining room, and a kitchen. The third floor offers a two-bedroom, one-bathroom apartment with a living room and kitchen.
The property includes a private laundry room and a private backyard. There is one parking space on-site.
Convenient walk and transit access is reflected by a Walk Score of 80 and a Transit Score of 100, with a Bike Score of 74.
The property includes a private laundry room and a private backyard. There is one parking space on-site.
Convenient walk and transit access is reflected by a Walk Score of 80 and a Transit Score of 100, with a Bike Score of 74.
Key Highlights
- Built in 1994
- Three separate apartments: studio, duplex, and two‑bedroom unit
- Second‑floor duplex has 3 bedrooms and 2 full bathrooms
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
$57,916
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
5.00%
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%
$1,158,320
$1.2M
Cap Rate 7%
$827,371
$827.4K
Cap Rate 9%
$643,511
$643.5K
Market Conditions
NOI Build-Up for 2,280 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
$87.6K $38.40/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$82.7K $36.29/SF
− OpEx
−$24.8K −$10.89/SF
NOI
$57.9K $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%
$1,158,320
Cap Rate 7%
$827,371
Cap Rate 9%
$643,511
Alternative Uses
Best Use
Multifamily LT 5
$827.4K
$724.0K – $965.3K
NOI $57,916 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 4.53%
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,592 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,351
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 - A three-family triplex built in 1994 with private laundry, a private backyard, and one parking space.
Where is this triplex located?
The property is located at 2000 Mapes Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: Built in 1994; Three separate apartments: studio, duplex, and two‑bedroom unit; Second‑floor duplex has 3 bedrooms and 2 full bathrooms
