Renovated Two-Family
3041 Paulding Avenue Bronx, NY 10469
3041 Paulding Avenue, Bronx, NY, 10469
$1,175,000
For Sale
$1,175,000
Brick two-family home offers updated kitchens and bathrooms, with three bedrooms per unit plus a finished basement.
Property Size3,272 SF
Price / SF$359.11
Days on Market8
Property Features for 3041 Paulding Avenue
General Information
- Standard status
- Active
- Size
- 3,272 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1930
Listing agency
Nareema Baksh Real Estate
(914) 548-5744
Listed by
Aaron Outar
(914) 548-5744
Source
Compass
Added: Jul 15 Updated: Jul 21 at 7:04PM Checked: Jul 21 at 7:04PM
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 Nareema Baksh Real Estate
Investment Insights
Based on property information with market context.
Renovated brick two-family residence featuring three bedrooms over three bedrooms, plus a full finished basement. The basement includes two large rooms, a third bathroom, and an entrance that leads to the backyard, adding practical indoor-outdoor flow.
The property is located in the Allerton section of the Bronx, with convenient access to neighborhood shops, restaurants, schools, parks, and public transportation described in the remarks.
Both units feature modern, open-concept layouts with updated kitchens and bathrooms and contemporary finishes, supporting flexible living arrangements while presenting a move-in-ready configuration.
The property is located in the Allerton section of the Bronx, with convenient access to neighborhood shops, restaurants, schools, parks, and public transportation described in the remarks.
Both units feature modern, open-concept layouts with updated kitchens and bathrooms and contemporary finishes, supporting flexible living arrangements while presenting a move-in-ready configuration.
Key Highlights
- Brick 2‑family home built in 1930 with open floorplan layouts in both units
- 3 bedrooms over 3 bedrooms, offering the same bedroom count on each floor
- Full finished basement with large rooms plus a huge 3rd bathroom
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 | $125.6k | $38.40 |
| − Vacancy | −$6.9k | −$2.11 |
| EGI | $118.7k | $36.29 |
| − OpEx | −$35.6k | −$10.89 |
| NOI | $83.1k | $25.40 |
3,272 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,114 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$1.08M
$940.9K – $1.25M
NOI $75,268 @ 7.0% cap · market cap 6.41%
Theoretical Best
Warehouse
$2.27M
$1.98M – $2.65M
NOI $158,709 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Brick two-family home offers updated kitchens and bathrooms, with three bedrooms per unit plus a finished basement.
Where is this triplex located?
The property is located at 3041 Paulding Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Brick 2‑family home built in 1930 with open floorplan layouts in both units; 3 bedrooms over 3 bedrooms, offering the same bedroom count on each floor; Full finished basement with large rooms plus a huge 3rd bathroom
