2722 WALLACE AVE, Bronx, NY 10467
For sale three-unit multifamily property totaling 3,276 SF in the Bronx.
- Added:
- Jun 5, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 20 at 5:30 am
Property Features for 2722 WALLACE AVE
General Information
- Standard status
- Active
- Size
- 3,276 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2002
Listing agent Valon Nikci License #NY 10491202180
Listing office Link NY Realty (646) 321-9428
Listing date Jun 5, 2026
Source Crexi
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 Link NY Realty
HighLights
- Three‑unit multifamily property totaling 3,276 SF
- Built in 2002
Overview
Located at 2722 Wallace Ave in the Bronx, the property is positioned as a local residential income asset within an established urban setting. The listing information provided does not specify additional building amenities, lot details, or unit configurations beyond the three-unit count and total square footage.
For buyers seeking a manageable multifamily hold, this three-unit structure can be an efficient way to diversify rental income within one building rather than pursuing multiple properties. It may also fit investors or owner-occupants looking for a smaller-scale residential income strategy, with the practical advantage of controlling all units in a single asset. Please contact us for further details on the unit mix and any available documentation related to the property’s condition and leases.
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 | $121.9k | $37.20 |
| − Vacancy | −$7.9k | −$2.42 |
| EGI | $113.9k | $34.78 |
| − OpEx | −$34.2k | −$10.43 |
| NOI | $79.8k | $24.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.86415
- Latitude
- 40.86626
