Brick Triplex with Finished
For Sale
$1,025,000
2186 Washington Avenue, Bronx, NY 10457
Three apartments offer three bedrooms and one bathroom each.
Property Size2,640 SF
Days on Market49
Property Features for 2186 Washington Avenue
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,098
Amenities
fully finished basement
private rear parking
Building Details
Building Size
2,640 SF
Year Built
1901
Buildings
1
Units
3
Construction
brick
Listing Agency:
YourHomeSold Guaranteed Realty
(917) 568-5763
Listed By:
Bakary Camara · License #40CA1173900
(917) 568-5763
Source:
Maurafinnegan
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 25 at 9:23AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This attached brick triplex at 2186 Washington Ave in the Bronx contains three apartments, each configured with three bedrooms, one bathroom, a living area, dining space, and a kitchen. The property measures 2,640 square feet and was built in 1901. A finished basement adds supplementary interior space, while the attached driveway provides access to private rear parking.
The property is positioned near shopping, schools, parks, public transportation, and major highways. Its three-family layout supports an owner-occupant arrangement or continued rental use, with separate apartments offering consistent residential functionality across the building.
The property is positioned near shopping, schools, parks, public transportation, and major highways. Its three-family layout supports an owner-occupant arrangement or continued rental use, with separate apartments offering consistent residential functionality across the building.
Key Highlights
- Three‑family attached brick property at 2186 Washington Ave, Bronx, NY 10457
- Three 3‑bedroom, 1‑bathroom apartments
- 2,640 square feet of property size
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
$67,060
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
6.54%
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%
$1,341,200
$1.3M
Cap Rate 7%
$958,000
$958.0K
Cap Rate 9%
$745,111
$745.1K
Market Conditions
NOI Build-Up for 2,640 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
$101.4K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$95.8K $36.29/SF
− OpEx
−$28.7K −$10.89/SF
NOI
$67.1K $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 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%
$1,341,200
Cap Rate 7%
$958,000
Cap Rate 9%
$745,111
Alternative Uses
Best Use
Multifamily LT 5
$958.0K
$838.3K – $1.12M
NOI $67,060 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$867.6K
$759.1K – $1.01M
NOI $60,730 @ 7.0% cap · market cap 5.92%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $128,053 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
7,675
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer three bedrooms and one bathroom each.
Where is this triplex located?
The property is located at 2186 Washington Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Three‑family attached brick property at 2186 Washington Ave, Bronx, NY 10457; Three 3‑bedroom, 1‑bathroom apartments; 2,640 square feet of property size
