Triplex with Rear 2-Car
For Sale
$1,125,000
Pending
2307 Loring Place N, Bronx, NY 10468
MULTI_FAMILY - Bronx, NY
Property Size3,312 SF
Lot Size0.06 Acres
Days on Market307
Property Features for 2307 Loring Place N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 9, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 8, Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 10, Bedroom 6
Parking features
Carport
Interior features
High Ceilings
Basement
Full
Directions
HIGHBRIDGE neighborhood - from W. Fordham Rd. make a right onto Andrews Ave. N. make a left onto Hall of Fame Terrace and a right onto Loring Place N. (between W. 183rd St. & W. Fordham Rd.)
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
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Dexter Robinson
(646) 425-5457
Added: Oct 14, 2025
Changed: Aug 3
Last Checked: Aug 16 at 1:06AM
MLS# 923882
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.
Investment Insights
Based on property information with market context.
This vacant three-family triplex offers a classic 3-over-3-over-3 bedroom configuration across three separate apartments, for nine total bedrooms and three bathrooms. The property is being delivered vacant, with Apartment 1 noted as vacant and under construction, making it well-suited for renovation and repositioning. Interior features include high ceilings, and the home is supported by an unfinished basement that can serve as additional storage and may provide further development opportunity.
Construction is stone, with hot-water heating. The property includes parking with a rear 2-car garage, plus a carport. Utilities include natural gas available, with public water and public sewer.
Built in 1901 and situated on a 0.0574-acre lot, this Bronx triplex provides an investor-focused layout in a rental-market setting.
Construction is stone, with hot-water heating. The property includes parking with a rear 2-car garage, plus a carport. Utilities include natural gas available, with public water and public sewer.
Built in 1901 and situated on a 0.0574-acre lot, this Bronx triplex provides an investor-focused layout in a rental-market setting.
Key Highlights
- Vacant three‑family triplex delivered vacant; Apartment 1 vacant and under construction
- 3‑over‑3‑over‑3 bedroom configuration totaling nine bedrooms across three apartments
- Unfinished basement for storage and potential future use
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
$84,130
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
7.48%
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%
$1,682,600
$1.7M
Cap Rate 7%
$1,201,857
$1.2M
Cap Rate 9%
$934,778
$934.8K
Market Conditions
NOI Build-Up for 3,312 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
$127.2K $38.40/SF
− Vacancy
−$7.0K −$2.11/SF
EGI
$120.2K $36.29/SF
− OpEx
−$36.1K −$10.89/SF
NOI
$84.1K $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%
$1,682,600
Cap Rate 7%
$1,201,857
Cap Rate 9%
$934,778
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,130 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$1.09M
$952.4K – $1.27M
NOI $76,188 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$2.29M
$2.01M – $2.68M
NOI $160,649 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family triplex with a rear 2-car garage, unfinished basement, stone construction, and hot-water heating.
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: Vacant three‑family triplex delivered vacant; Apartment 1 vacant and under construction; 3‑over‑3‑over‑3 bedroom configuration totaling nine bedrooms across three apartments; Unfinished basement for storage and potential future use
