Triplex with Separate Heating
2905 Wilkinson Ave The, Bronx, NY 10461
For Sale
$1,700,000
The three residences comprise two three-bedroom units and one one-bedroom unit, each with a separate heating system.
Property Size4,104 SF
Lot Size0.11 Acres
Price / SF$414.63
Days on Market50
Property Features for 2905 Wilkinson Ave The
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
homecoin.com
Listed By:
Jonathan Minerick · License NY #01523060
(888) 400-2513
Source:
Elliman
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 12 at 7:44AM
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 homecoin.com
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Investment Insights
Based on property information with market context.
This brick triplex contains three residences with a combined interior area of more than 4,100 square feet. The upper and middle units each have three bedrooms and one bathroom; the lower unit has one bedroom and one bathroom. The property occupies a 50-by-100-foot lot. A roof replacement, window replacement, and new heating systems were completed in 2019, with an individual heating system serving each unit. Renovation work is complete.
In Pelham Bay, the property is a few blocks from the Pelham Bay Park station on the 6 train and has access to multiple express bus routes. Walk Score is 70, Bike Score is 62, and Transit Score is 91.
In Pelham Bay, the property is a few blocks from the Pelham Bay Park station on the 6 train and has access to multiple express bus routes. Walk Score is 70, Bike Score is 62, and Transit Score is 91.
Key Highlights
- Three residences: two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- More than 4,100 square feet of interior space on a 50x100 property lot
- Separate heating system for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,147
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,082,940
$2.1M
Cap Rate 7%
$1,487,814
$1.5M
Cap Rate 9%
$1,157,189
$1.2M
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$157.4K $38.40/SF
− Vacancy
−$8.7K −$2.11/SF
EGI
$148.8K $36.29/SF
− OpEx
−$44.6K −$10.89/SF
NOI
$104.1K $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 Rate 5%
$2,082,940
Cap Rate 7%
$1,487,814
Cap Rate 9%
$1,157,189
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,147 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,315 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,941 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
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Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Market
Average Price Trend$/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 - The three residences comprise two three-bedroom units and one one-bedroom unit, each with a separate heating system.
Where is this triplex located?
The property is located at 2905 Wilkinson Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Three residences: two 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; More than 4,100 square feet of interior space on a 50x100 property lot; Separate heating system for each unit
