Building Details

Building Size 2,898 SF

Year Built 1930

Buildings 1

Stories 3

Units 3

Listing Agency: Keller Williams Realty of Greater Nassau

Listed By: Jayla S. Collins Show Phone

Source: Elliman

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 14 at 11:22PM

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Investment Insights

Based on property information with market context.

Built in 1930, this legal three-family residence in Throggs Neck has living areas across three levels. The first-floor apartment contains 2 bedrooms and 1 bathroom. A studio-style unit on the second floor has a kitchen and rear deck. The third floor provides 4 bedrooms; its kitchen was removed, while plumbing and gas connections remain accessible in one bedroom.

The property is at 3018 Schley Ave in the Bronx. P.S. 72, transit options, and shopping on East Tremont Ave are within walking distance. The property is being sold as-is, and the listing notes a possible combined purchase with a neighboring parcel.

Key Highlights

• Legal three‑family residence built in 1930
• First‑floor unit has 2 bedrooms and 1 bathroom
• Second‑floor studio includes a kitchen and rear deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,614

Cap Rate

4.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,472,280 $1.5M

Cap Rate 7%

$1,051,629 $1.1M

Cap Rate 9%

$817,933 $817.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,898 SF

Gross rent

$111.3K $38.40/SF

− Vacancy

−$6.1K −$2.11/SF

EGI

$105.2K $36.29/SF

− OpEx

−$31.5K −$10.89/SF

NOI

$73.6K $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%

$1,472,280

Cap Rate 7%

$1,051,629

Cap Rate 9%

$817,933

Alternative Uses

Best Use

Multifamily LT 5

$1.05M

$920.2K – $1.23M (±1% cap)

NOI $73,614 @ 7.0% cap · market cap 4.60%

Second Best

Apartment 5plus

$952.4K

$833.3K – $1.11M (±1% cap)

NOI $66,665 @ 7.0% cap · market cap 4.17%

Theoretical Best

Warehouse

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,568 @ 7.0% cap · market cap 8.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Computer & Electronic Repair Bakery (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,293

Businesses Nearby

Explore this area Business Placement

Demographics for 10465, NY

45,799

Population

17,200

Households

2.7

Avg Household Size

40

Median Age

29%

College-Educated

86%

High-School Grad

3.9 sq mi

ZIP Area

11,743

Density / Sq Mi

$90,255

Median Household Income

$52,787

Median Earnings

$1,774

Median Rent

$602,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - The Bronx property has a three-level configuration with separate living areas and existing utility connections on the upper floor.

Where is this triplex located?

The property is located at 3018 Schley Ave The Bronx, NY.

What is the asking price?

The asking price for this property is $1,599,000.

What are key features of this property?

This property features: Legal three‑family residence built in 1930; First‑floor unit has 2 bedrooms and 1 bathroom; Second‑floor studio includes a kitchen and rear deck