3-Unit Multifamily Property with
For Sale
$1,349,000
2529a Grand Avenue, Bronx, NY 10468
Three leased apartments offer a 2-bedroom and two 3-bedroom layouts, with separate gas and electric meters for each unit.
Property Size3,206 SF
Lot Size0.05 Acres
Price / SF$420.77
Days on Market13
Property Features for 2529a Grand Avenue
General Information
Standard status
Active
Size
3,206 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R6
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
3
Individually Metered Utilities
gas, electric
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$237
Amenities
hardwood flooring
private rear outdoor space
First Floor Bedroom
First Floor Full Bath
High Speed Internet
Marble Counters
Open Kitchen
Primary Bathroom
Storage
Walk-In Closet(s)
Building Details
Building Size
3,206 SF
Year Built
2004
Buildings
1
Stories
3
Units
3
Listing Agency:
Best Hope Realty Inc
(718) 685-2000
Listed By:
Mohammed S. Ali
(347) 236-2737
Source:
Croninreale
Added: Oct 17
Changed: Oct 26
Last Checked: Oct 26 at 4:05AM
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 Best Hope Realty Inc
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Investment Insights
Based on property information with market context.
Built in 2004, this three-unit multifamily property contains approximately 3,206 square feet. The apartment mix includes a 2-bedroom, 2-bath unit on the first floor and two 3-bedroom, 2-bath units above. Hardwood flooring and natural-gas heat serve the apartments, with gas and electric service metered separately by unit. The first-floor residence has access to private outdoor space at the rear, and the property includes one front parking space.
The building is in the Fordham/Kingsbridge Heights area of the Bronx, near the 4 and D subway lines and several bus routes, including the Bx12, Bx9, Bx3, Bx22 and Bx28. The surrounding area includes shopping, schools, colleges, healthcare facilities and major roadways.
The property is fully leased and will transfer with tenants in place. It sits on an approximately 18.75-by-106-foot lot in an R6 zoning district.
The building is in the Fordham/Kingsbridge Heights area of the Bronx, near the 4 and D subway lines and several bus routes, including the Bx12, Bx9, Bx3, Bx22 and Bx28. The surrounding area includes shopping, schools, colleges, healthcare facilities and major roadways.
The property is fully leased and will transfer with tenants in place. It sits on an approximately 18.75-by-106-foot lot in an R6 zoning district.
Key Highlights
- Three apartments: one 2‑bedroom, 2‑bath unit and two 3‑bedroom, 2‑bath units
- Approximately 3,206 square feet; built in 2004
- Fully leased; sale is with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,438
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,760
$1.6M
Cap Rate 7%
$1,163,400
$1.2M
Cap Rate 9%
$904,867
$904.9K
Market Conditions
NOI Build-Up for 3,206 SF
Gross rent
$123.1K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$116.3K $36.29/SF
− OpEx
−$34.9K −$10.89/SF
NOI
$81.4K $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%
$1,628,760
Cap Rate 7%
$1,163,400
Cap Rate 9%
$904,867
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,438 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$1.05M
$921.9K – $1.23M
NOI $73,750 @ 7.0% cap · market cap 5.47%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,507 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,193
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased apartments offer a 2-bedroom and two 3-bedroom layouts, with separate gas and electric meters for each unit.
Where is this triplex located?
The property is located at 2529a Grand Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom, 2‑bath unit and two 3‑bedroom, 2‑bath units; Approximately 3,206 square feet; built in 2004; Fully leased; sale is with tenants in place
