Renovated Three-Unit Residential
For Sale
$1,320,000
315 E 163rd St The, Bronx, NY 10451
Completely renovated 3-unit multifamily property with separate utilities and an occupied unit generating rental income.
Property Size3,030 SF
Price / SF$435.64
Days on Market85
Property Features for 315 E 163rd St The
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
(929) 240-6710
Listed By:
Ariela Tapia
(929) 240-6710
Source:
Elliman
Added: May 9
Changed: Jul 23
Last Checked: Jul 24 at 2:53PM
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 Ariela Tapia
Investment Insights
Based on property information with market context.
This completely renovated three-unit residential income property includes a brand-new roof and features a functional layout in each unit. The building provides spacious living areas with three bedrooms and two full baths per unit. Unit 1 and Unit 2 are currently vacant, while the third-floor unit is occupied and generating $3,900 per month in rental income.
Each unit has its own boiler and water heater, and all utilities are fully separate. The property is described as being conveniently located near public transportation, schools, parks, shopping, and restaurants, with strong walk and transit accessibility.
The overall configuration supports independent unit operations, with consistent bedroom and bath layouts across all three apartments and separate mechanical systems for each unit.
Each unit has its own boiler and water heater, and all utilities are fully separate. The property is described as being conveniently located near public transportation, schools, parks, shopping, and restaurants, with strong walk and transit accessibility.
The overall configuration supports independent unit operations, with consistent bedroom and bath layouts across all three apartments and separate mechanical systems for each unit.
Key Highlights
- Completely renovated 3‑unit multifamily property built in 2007, offering approx. 3,030 sq ft of living space
- Third‑floor unit is occupied and generates $3,900/month in rental income; Unit 1 and Unit 2 are vacant
- Each unit has separate utilities, with its own boiler and water heater
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 | $116.4k | $38.40 |
| − Vacancy | −$6.4k | −$2.11 |
| EGI | $110.0k | $36.29 |
| − OpEx | −$33.0k | −$10.89 |
| NOI | $77.0k | $25.40 |
3,030 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.1K – $1.28M
NOI $76,967 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$995.7K
$871.3K – $1.16M
NOI $69,701 @ 7.0% cap · market cap 5.28%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $146,970 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,969
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Completely renovated 3-unit multifamily property with separate utilities and an occupied unit generating rental income.
Where is this triplex located?
The property is located at 315 E 163rd St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Completely renovated 3‑unit multifamily property built in 2007, offering approx. 3,030 sq ft of living space; Third‑floor unit is occupied and generates $3,900/month in rental income; Unit 1 and Unit 2 are vacant; Each unit has separate utilities, with its own boiler and water heater
