3-Unit Triplex with Adjacent
2423 Southern Blvd The, Bronx, NY 10458
For Sale
New
$1,595,000
A detached three-family residence is offered together with a separate neighboring parcel.
Property Size3,355 SF
Days on Market2
Property Features for 2423 Southern Blvd The
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listed By:
Maria Di Filippo
(845) 642-5748
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:33PM
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 Maria Di Filippo
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Investment Insights
Based on property information with market context.
Built in 1901, this detached triplex contains three family units. The offering also includes a separate, adjoining lot, with both parcels being sold together.
The property is on Southern Boulevard, directly opposite the Bronx Zoo. Fordham University and the New York Botanical Garden are described as minutes away. Walk Score is 92, Transit Score is 87, and Bike Score is 71.
The property is on Southern Boulevard, directly opposite the Bronx Zoo. Fordham University and the New York Botanical Garden are described as minutes away. Walk Score is 92, Transit Score is 87, and Bike Score is 71.
Key Highlights
- Detached residence with three family units
- Includes a separate adjacent lot in the combined offering
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,222
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,440
$1.7M
Cap Rate 7%
$1,217,457
$1.2M
Cap Rate 9%
$946,911
$946.9K
Market Conditions
NOI Build-Up for 3,355 SF
Gross rent
$128.8K $38.40/SF
− Vacancy
−$7.1K −$2.11/SF
EGI
$121.7K $36.29/SF
− OpEx
−$36.5K −$10.89/SF
NOI
$85.2K $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%
$1,704,440
Cap Rate 7%
$1,217,457
Cap Rate 9%
$946,911
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,222 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.10M
$964.7K – $1.29M
NOI $77,177 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,058 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,505
Businesses Nearby
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Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A detached three-family residence is offered together with a separate neighboring parcel.
Where is this triplex located?
The property is located at 2423 Southern Blvd The Bronx, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Detached residence with three family units; Includes a separate adjacent lot in the combined offering; Built in 1901
