Triplex with Hardwood Floors and 4 Electric
For Sale
$1,799,900
204 W 260th Street, Bronx, NY 10471
Brick and stucco triplex with three apartments, hardwood floors, updated appliances, and four electric meters for tenant billing.
Property Size2,636 SF
Lot Size0.11 Acres
Price / SF$682.81
Days on Market103
Property Features for 204 W 260th Street
General Information
Standard status
Active
Size
2,636 SF
Lot size
0.11 Acres
Property subtype
Triplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,322
Building Details
Building Size
2,636 SF
Year Built
1920
Buildings
1
Construction
brick and stucco
Tenancy
Multi
Listing Agency:
RE/MAX In The City
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Shawmetro
Added: Jul 24
Changed: Oct 31
Last Checked: Nov 3 at 3:12PM
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 RE/MAX In The City
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Investment Insights
Based on property information with market context.
Brick and stucco triplex at 204 W 260th Street featuring three distinct, fully functional apartments and two additional ground-level bonus areas. The layout includes a total of eight bedrooms and five bathrooms divided across the three units, with natural gas heating and hardwood floors noted throughout. Some units have recently been updated, including updated appliances.
The property is set on a 50x100 lot and includes four separate electric meters, supporting easier tenant billing. Multi-car parking is available behind the property, along with convenient street parking. Public transportation access is described as nearby Manhattan buses and major highways.
Additional flexibility is built into the ground-level bonus spaces, which may support owner use, a home office, or tenant storage. The setting is described as a short distance from Van Cortlandt Park amenities, with Manhattan University and Bronx School District 10 also noted in the surrounding area. A 5-minute radius to three major shopping centers along Mosholu Avenue is mentioned.
The property is set on a 50x100 lot and includes four separate electric meters, supporting easier tenant billing. Multi-car parking is available behind the property, along with convenient street parking. Public transportation access is described as nearby Manhattan buses and major highways.
Additional flexibility is built into the ground-level bonus spaces, which may support owner use, a home office, or tenant storage. The setting is described as a short distance from Van Cortlandt Park amenities, with Manhattan University and Bronx School District 10 also noted in the surrounding area. A 5-minute radius to three major shopping centers along Mosholu Avenue is mentioned.
Key Highlights
- Three fully functional apartments plus two ground‑level bonus areas
- Total of eight bedrooms and five bathrooms divided across three units
- Four separate electric meters for easier tenant billing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,959
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,339,180
$1.3M
Cap Rate 7%
$956,557
$956.6K
Cap Rate 9%
$743,989
$744.0K
Market Conditions
NOI Build-Up for 2,636 SF
Gross rent
$101.2K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$95.7K $36.29/SF
− OpEx
−$28.7K −$10.89/SF
NOI
$67.0K $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%
$1,339,180
Cap Rate 7%
$956,557
Cap Rate 9%
$743,989
Alternative Uses
Best Use
Multifamily LT 5
$956.6K
$837.0K – $1.12M
NOI $66,959 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$866.3K
$758.0K – $1.01M
NOI $60,638 @ 7.0% cap · market cap 3.37%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,859 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
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Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brick and stucco triplex with three apartments, hardwood floors, updated appliances, and four electric meters for tenant billing.
Where is this triplex located?
The property is located at 204 W 260th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Three fully functional apartments plus two ground‑level bonus areas; Total of eight bedrooms and five bathrooms divided across three units; Four separate electric meters for easier tenant billing
