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    Bronx Multifamily Investment Opportunity Title is generated by Realmo AI

    2307 Loring Place N, Bronx, NY 10468

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    Claim this Listing
    Pending
    $1,125,000

    MULTI_FAMILY - Bronx, NY

    Property size:
    3,312 SF
    Lot size:
    0.06 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    261
    Last Refresh:
    Jul 1 at 4:06 am

    Property Features for 2307 Loring Place N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    10
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Basement, Bedroom 1, Bedroom 8, Bedroom 10, Bathroom 1
    Parking features
    Carport
    Interior features
    High Ceilings
    Basement
    Full
    Standard status
    Pending
    APN
    03225-0179
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5054

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1901
    Number of units
    3
    Building materials
    Stone

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    Dexter Robinson
    Dexter Robinson

    Listing agent Dexter Robinson

    Listing office Keller Williams Realty NYC Grp 2300 Eastchester Road, Bronx, NY

    Listing date Oct 14, 2025

    MLS# 923882 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑family home with 3‑over‑3‑over‑3 bedroom configuration across three units
    • Includes 10 bedrooms total listed (Bedroom 1–10) plus 3 bathrooms (Bathroom 1–3)
    • 3,312 SF multi‑family building with unfinished basement
    • Stone construction; high ceilings; hot water heating
    • Carport parking plus a rear 2‑car garage
    • Public utilities available: natural gas, public water, and public sewer

    Overview

    This 3,312 square foot multi-family property in the Bronx presents a prime investment opportunity. The property features a three-over-three-over-three bedroom configuration across three spacious units, maximizing rental income potential. The property is being delivered vacant, with Apartment 1 under construction, providing an opportunity for renovation and repositioning. The classic layout includes nine total bedrooms across three separate apartments, each offering excellent living space. Additional features include an unfinished basement with potential for additional storage or future development, plus a two-car garage at the rear of the property, which can generate additional income or serve as a tenant perk. Situated on a 0.0574-acre lot, this property is located in a strong rental market with consistent demand, representing an opportunity for experienced investors to build equity through strategic improvements. The Bronx continues to show solid fundamentals with growing interest from both renters and investors alike.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $127.2k $38.40
    − Vacancy −$7.0k −$2.11
    EGI $120.2k $36.29
    − OpEx −$36.1k −$10.89
    NOI $84.1k $25.40
    3,312 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $84,130 @ 7.0% cap · market cap 7.48%
    Second Best
    Apartment 5plus
    $1.09M
    $952.4K – $1.27M (±1% cap)
    NOI $76,188 @ 7.0% cap · market cap 6.77%
    Theoretical Best
    Warehouse
    $2.29M
    $2.01M – $2.68M (±1% cap)
    NOI $160,649 @ 7.0% cap · market cap 14.28%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.908529
    Latitude
    40.861948

    FAQs

    What type of property is this?
    Triplex - Three-unit property in the Bronx with value-add potential.
    Where is this triplex located?
    The property is located at 2307 Loring Place N Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: 3‑family home with 3‑over‑3‑over‑3 bedroom configuration across three units; Includes 10 bedrooms total listed (Bedroom 1–10) plus 3 bathrooms (Bathroom 1–3); 3,312 SF multi‑family building with unfinished basement
    More about this property
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