Triplex with Finished
2141 Washington Avenue, Bronx, NY 10457
For Sale
$1,250,000
Vacant three-family property with R6 zoning and documented redevelopment capacity, subject to professional review.
Property Size2,974 SF
Lot Size0.06 Acres
Price / SF$420.31
Days on Market34
Property Features for 2141 Washington Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
EXIT Realty Private Client
(914) 222-1000
Listed By:
Jose J. Flores · License #10301219876
(917) 353-8808
Source:
Croninreale
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 8 at 5:36PM
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 Private Client
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Investment Insights
Based on property information with market context.
The 2,974-square-foot property contains three family units and a finished basement. Built in 1899, it is fully vacant and subject to a Vacant Order. The building is offered as-is with localized water damage attributed to a bathroom leak. The R6-zoned parcel measures 18.42 feet by 145 feet and has up to 8,010 square feet of maximum buildable area; an architect should verify conversion or expansion potential.
The property is in the Belmont neighborhood, near Fordham University and Arthur Avenue dining. Metro-North and other transit options provide connections toward Manhattan.
The property is in the Belmont neighborhood, near Fordham University and Arthur Avenue dining. Metro-North and other transit options provide connections toward Manhattan.
Key Highlights
- Three‑family property with finished basement; 2,974 square feet
- 18.42' x 145' lot with R6 zoning
- Up to 8,010 sq. ft. of maximum buildable area, subject to architect verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,544
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,510,880
$1.5M
Cap Rate 7%
$1,079,200
$1.1M
Cap Rate 9%
$839,378
$839.4K
Market Conditions
NOI Build-Up for 2,974 SF
Gross rent
$114.2K $38.40/SF
− Vacancy
−$6.3K −$2.11/SF
EGI
$107.9K $36.29/SF
− OpEx
−$32.4K −$10.89/SF
NOI
$75.5K $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%
$1,510,880
Cap Rate 7%
$1,079,200
Cap Rate 9%
$839,378
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.3K – $1.26M
NOI $75,544 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$977.3K
$855.2K – $1.14M
NOI $68,413 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,332 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
6,744
Businesses Nearby
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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
$336,900
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family property with R6 zoning and documented redevelopment capacity, subject to professional review.
Where is this triplex located?
The property is located at 2141 Washington Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑family property with finished basement; 2,974 square feet; 18.42' x 145' lot with R6 zoning; Up to 8,010 sq. ft. of maximum buildable area, subject to architect verification
