Multifamily Building in Norwood,
For Sale
$1,750,000
3144 Hull Ave The, Bronx, NY 10467
Multifamily building with eight units in a high-demand Bronx neighborhood.
Property Size5,780 SF
Lot Size0.06 Acres
Days on Market211
Property Features for 3144 Hull Ave The
General Information
Standard status
Active
Size
5,780 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,596
Building Details
Building Size
5,780 SF
Year Built
2010
Units
8
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Phaedra Ballin
(646) 420-3288
Source:
Elliman
Added: Mar 12
Changed: Sep 25
Last Checked: Oct 7 at 1:55PM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
Located in Norwood in the Bronx, 3144 Hull Avenue is a multifamily building featuring eight units. The building includes seven one-bedroom apartments and one studio apartment. Each unit is separately metered and has its own boiler. The property is located near public transportation, shops, and local amenities, offering rental income in a high-demand area. This property presents an opportunity for investors looking to expand their portfolio.
Key Highlights
- Eight‑unit multifamily building in Norwood, Bronx, offering immediate rental income.
- Seven one‑bedroom apartments and one studio apartment provide a diverse tenant base.
- Separately metered units (including individual boilers) for efficient management and tenant billing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,774
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,480
$2.5M
Cap Rate 7%
$1,796,771
$1.8M
Cap Rate 9%
$1,397,489
$1.4M
Market Conditions
NOI Build-Up for 5,780 SF
Gross rent
$242.8K $42.00/SF
− Vacancy
−$14.1K −$2.44/SF
EGI
$228.7K $39.56/SF
− OpEx
−$102.9K −$17.80/SF
NOI
$125.8K $21.76/SF
Area
ZIP 10467
Vacancy
5.80%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,515,480
Cap Rate 7%
$1,796,771
Cap Rate 9%
$1,397,489
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,774 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.01M
$3.50M – $4.67M
NOI $280,359 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily building with eight units in a high-demand Bronx neighborhood.
Where is this apartment building located?
The property is located at 3144 Hull Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Eight‑unit multifamily building in Norwood, Bronx, offering immediate rental income.; Seven one‑bedroom apartments and one studio apartment provide a diverse tenant base.; Separately metered units (including individual boilers) for efficient management and tenant billing.
