Bronx Multifamily Investment
2307 Loring Place N Bronx, NY 10468
2307 Loring Place N, Bronx, NY, 10468
$1,125,000
Pending
For Sale
$1,125,000
Pending
MULTI_FAMILY - Bronx, NY
Property Size3,312 SF
Lot Size0.06 Acres
Days on Market282
Property Features for 2307 Loring Place N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 10
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 8, Bedroom 10, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 9, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 2
- 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
Listing agency
Keller Williams Realty NYC Grp
(718) 697-6800
Listed by
Dexter Robinson
(646) 425-5457
Added: Oct 14, 2025 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 6:06PM
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 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.
Key Highlights
- 3‑family property with 3,312 SF of multi‑family living space
- 3‑over‑3‑over‑3 bedroom configuration for a total of 9 bedrooms across three units
- Delivered vacant: Apartment 1 is vacant and under construction
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
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 property with 3,312 SF of multi‑family living space; 3‑over‑3‑over‑3 bedroom configuration for a total of 9 bedrooms across three units; Delivered vacant: Apartment 1 is vacant and under construction
