Brick Three-Unit
For Sale
$1,800,000
2905 Wilkinson Avenue, Bronx, NY 10461
The apartment mix includes 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$438.60
Days on Market10
Property Features for 2905 Wilkinson Avenue
General Information
Standard status
Active
Size
4,104 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,741
Amenities
3
No
7
Other
Public
4104
Building Details
Building Size
4,104 SF
Year Built
1965
Year Renovated
2019
Buildings
1
Construction
brick
Listing Agency:
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 9:18AM
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 Noman Basit
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Investment Insights
Based on property information with market context.
This 4,104-square-foot brick triplex contains three apartments: two with three bedrooms and one bathroom each, plus a lower-level unit with one bedroom and one bathroom. The property occupies a 50-by-100-foot lot and was built in 1965. Each apartment has its own heating system.
Roof, windows, and heating systems were replaced in 2019. Renovations are complete, and the units are described as move-in ready.
Pelham Bay Park station, served by the 6 subway line, is a few blocks away. Multiple express bus routes also serve the area.
Roof, windows, and heating systems were replaced in 2019. Renovations are complete, and the units are described as move-in ready.
Pelham Bay Park station, served by the 6 subway line, is a few blocks away. Multiple express bus routes also serve the area.
Key Highlights
- Three apartments: two 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath lower unit
- 4,104 square feet on a 50x100‑foot lot
- Separate heating system for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,248
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,960
$2.1M
Cap Rate 7%
$1,489,257
$1.5M
Cap Rate 9%
$1,158,311
$1.2M
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$157.6K $38.40/SF
− Vacancy
−$8.7K −$2.11/SF
EGI
$148.9K $36.29/SF
− OpEx
−$44.7K −$10.89/SF
NOI
$104.2K $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%
$2,084,960
Cap Rate 7%
$1,489,257
Cap Rate 9%
$1,158,311
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,248 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,407 @ 7.0% cap · market cap 5.24%
Theoretical Best
Warehouse
$2.84M
$2.49M – $3.32M
NOI $199,065 @ 7.0% cap · market cap 11.06%
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The apartment mix includes 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 Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three apartments: two 3‑bedroom/1‑bath units and one 1‑bedroom/1‑bath lower unit; 4,104 square feet on a 50x100‑foot lot; Separate heating system for each unit
