Building Details

Building Size 2,400 SF

Year Built 1994

Units 3

Listing Agency: Century 21 Milestone Team Rlty

Listed By: Tano Holmes Show Phone

Source: Elliman

Added: Jun 17 Changed: Oct 10 Last Checked: Oct 19 at 7:26AM

Report an Issue

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 Century 21 Milestone Team Rlty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This legal three-family triplex was built in 1994 and is being offered vacant. The layout includes a two-bedroom apartment, a three-bedroom duplex, and a studio, creating a varied unit configuration within one property. Each residence has undergone renovation within the past two years, and the building is presented in mint condition.

Exterior features include front parking and a private, fully fenced backyard. The property sits near the border of Crotona Park North and Belmont, with access to public transportation, shopping, and the restaurants of Arthur Avenue. Its location scores 80 for walkability, 74 for biking, and 100 for transit access.

Key Highlights

• Legal three‑family triplex offered vacant
• Unit mix includes a 2‑bedroom apartment, 3‑bedroom duplex, and studio
• Every unit renovated within the past two years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,964

Cap Rate

5.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,219,280 $1.2M

Cap Rate 7%

$870,914 $870.9K

Cap Rate 9%

$677,378 $677.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$92.2K $38.40/SF

− Vacancy

−$5.1K −$2.11/SF

EGI

$87.1K $36.29/SF

− OpEx

−$26.1K −$10.89/SF

NOI

$61.0K $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%

$1,219,280

Cap Rate 7%

$870,914

Cap Rate 9%

$677,378

Alternative Uses

Best Use

Multifamily LT 5

$870.9K

$762.1K – $1.02M (±1% cap)

NOI $60,964 @ 7.0% cap · market cap 5.30%

Second Best

Apartment 5plus

$788.7K

$690.1K – $920.2K (±1% cap)

NOI $55,209 @ 7.0% cap · market cap 4.80%

Theoretical Best

Warehouse

$1.66M

$1.46M – $1.94M (±1% cap)

NOI $116,412 @ 7.0% cap · market cap 10.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Location Intelligence

Trade Area within ½ mile

3,732

Businesses Nearby

Explore this area Business Placement

Demographics for 10457, NY

77,488

Population

27,795

Households

2.8

Avg Household Size

33

Median Age

15%

College-Educated

70%

High-School Grad

1.3 sq mi

ZIP Area

59,606

Density / Sq Mi

$44,911

Median Household Income

$30,564

Median Earnings

$1,400

Median Rent

$336,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Three-Family Brick Property

1321 Lafayette Avenue Unit: 4, Bronx, NY 10474

$999,900

View details

Three-Family Home with Detached Garage

2952 Miles Avenue, Bronx, NY 10465

$899,000

2,400 SF

View details

3-Unit Triplex Property

920 E 227th St, Bronx, NY 10466

$925,000

2,320 SF

View details

Brick 3-Unit Triplex

1824 Pilgrim Avenue, Bronx, NY 10461

$1,200,000

2,700 SF

View details

Brick Three-Family Triplex

449 Castle Hill Ave, The, Bronx, NY 10473

$1,299,000

View details

Detached Three-Family Home

2925 Wellman Avenue, Bronx, NY 10461

$1,250,000

2,820 SF

View details

Brick Three-Family Residence

323 Concord Avenue, Bronx, NY 10454

$874,888

2,148 SF

View details

Brick Triplex With Private Parking

1405 E 233rd St, The, Bronx, NY 10466

$1,100,000

3,036 SF

View details

Three-Unit Multifamily Property

2016 Lafayette Ave, The, Bronx, NY 10473

$989,900

2,860 SF

View details

Brick Triplex with Private Driveway

433 Howe Avenue, Bronx, NY 10473

$1,099,999

0.06 Acres

View details

Brick Triplex with Two-Car Garage

1348 Elder Ave, The, Bronx, NY 10472

$1,199,000

View details

Three-Family Residential Property

932 E 217th Street, Bronx, NY 10469

$1,250,000

3,024 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Vacant property with a two-bedroom unit, three-bedroom duplex, studio, parking, and fenced outdoor space.

Where is this triplex located?

The property is located at 2001 Prospect Ave The Bronx, NY.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Legal three‑family triplex offered vacant; Unit mix includes a 2‑bedroom apartment, 3‑bedroom duplex, and studio; Every unit renovated within the past two years