Corner Triplex with Off-Street
For Sale
$1,100,000
310 E 160 ST, Bronx, NY 10451
Three residential units include a duplex, two additional apartments, and a finished lower level with laundry hookups.
Property Size2,991 SF
Price / SF$367.77
Days on Market46
Property Features for 310 E 160 ST
General Information
Standard status
Active
Size
2,991 SF
Total Parking Spaces
1
Property subtype
Multi-Unit (2-4)
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BD/2BA duplex, 1 x 1BD/1BA, 1 x 2BD/1BA
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Amenities
laundry hook-ups
cameras
raised deck
Building Details
Year Built
2006
Buildings
1
Stories
3
Construction
brick/masonry
Listing Agency:
CAVITCH ADAM
Listed By:
Adam Cavitch
(901) 483-5394
Source:
Davisrealtyandauction
Added: Sep 17
Changed: Oct 31
Last Checked: Oct 31 at 2:37PM
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 CAVITCH ADAM
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Investment Insights
Based on property information with market context.
This three-unit, brick-and-masonry corner property has three stories above grade and a finished basement. The ground and second floors form a 3-bedroom, 2-bath duplex with a galley kitchen, dining area, and living room. The second floor also contains a separate 1-bedroom, 1-bath apartment, while the third floor has a 2-bedroom, 1-bath unit. The basement includes partitioned rooms, a bathroom, mechanical and storage areas, and laundry hookups. A rear deck and four exterior cameras are also in place. The property is to be delivered vacant.
One gated off-street parking space is included. Electric and cooking gas are separately metered for each apartment. A boiler provides heat and hot water. The address is on East 160th Street between Morris and Sherman avenues. Nearby transit options include the BX41 bus, Metro-North, and subway service at 161st Street and 149th Street.
One gated off-street parking space is included. Electric and cooking gas are separately metered for each apartment. A boiler provides heat and hot water. The address is on East 160th Street between Morris and Sherman avenues. Nearby transit options include the BX41 bus, Metro-North, and subway service at 161st Street and 149th Street.
Key Highlights
- Three apartments: a 3‑bedroom/2‑bath duplex, a 1‑bedroom/1‑bath unit, and a 2‑bedroom/1‑bath unit
- Finished basement with bathroom, partitioned rooms, mechanical and storage areas, and laundry hookups
- One gated off‑street parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,976
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,520
$1.5M
Cap Rate 7%
$1,085,371
$1.1M
Cap Rate 9%
$844,178
$844.2K
Market Conditions
NOI Build-Up for 2,991 SF
Gross rent
$114.9K $38.40/SF
− Vacancy
−$6.3K −$2.11/SF
EGI
$108.5K $36.29/SF
− OpEx
−$32.6K −$10.89/SF
NOI
$76.0K $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%
$1,519,520
Cap Rate 7%
$1,085,371
Cap Rate 9%
$844,178
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.7K – $1.27M
NOI $75,976 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$982.9K
$860.1K – $1.15M
NOI $68,804 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $145,079 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,405
Businesses Nearby
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Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a duplex, two additional apartments, and a finished lower level with laundry hookups.
Where is this triplex located?
The property is located at 310 E 160 ST Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three apartments: a 3‑bedroom/2‑bath duplex, a 1‑bedroom/1‑bath unit, and a 2‑bedroom/1‑bath unit; Finished basement with bathroom, partitioned rooms, mechanical and storage areas, and laundry hookups; One gated off‑street parking space
