Legal Three-Family Brick
For Sale
$1,499,000
3212 Giegerich Place Unit 3, Bronx, NY 10465
All-brick legal three-family with two 3-bedroom units and one 1-bedroom unit plus separate electric meters.
Property Size3,100 SF
Price / SF$483.55
Days on Market13
Property Features for 3212 Giegerich Place Unit 3
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
1
Property subtype
Triplex
Building Details
Building Size
3,194 SF
Year Built
1970
Buildings
1
Construction
all-brick
Tenancy
Multi
Listing Agency:
Keller Williams Realty Partner
(646) 938-6875
Listed By:
Sandra Genaro · License #40GE0988798
Source:
Cottiemaxwellrealestate
Added: Jul 20
Changed: Jul 31
Last Checked: Aug 1 at 10:53AM
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 Keller Williams Realty Partner
Investment Insights
Based on property information with market context.
This legal three-family, all-brick home is set up for flexible use and long-term residential income. The property features two spacious three-bedroom apartments and one one-bedroom apartment, totaling over 3,100 square feet of living space. A walk-out basement with potential adds additional versatility, and the home also includes a one-car garage.
Built in 1970, the building provides separate electric meters, supporting independent utility arrangements across the units. The property is described as being near public transportation, shopping, dining, schools, and major commuter routes, positioning it well for both renters and an owner-occupant.
The combination of a clear legal three-family configuration, unit mix, and dedicated electric metering makes this an actionable option for anyone seeking a multi-unit residential property in the Bronx.
Built in 1970, the building provides separate electric meters, supporting independent utility arrangements across the units. The property is described as being near public transportation, shopping, dining, schools, and major commuter routes, positioning it well for both renters and an owner-occupant.
The combination of a clear legal three-family configuration, unit mix, and dedicated electric metering makes this an actionable option for anyone seeking a multi-unit residential property in the Bronx.
Key Highlights
- Legal three‑family all‑brick structure
- Two 3‑bedroom apartments plus one 1‑bedroom apartment
- Over 3,100 square feet of living space
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 | $119.0k | $38.40 |
| − Vacancy | −$6.5k | −$2.11 |
| EGI | $112.5k | $36.29 |
| − OpEx | −$33.7k | −$10.89 |
| NOI | $78.7k | $25.40 |
3,100 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$984.3K – $1.31M
NOI $78,745 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.02M
$891.4K – $1.19M
NOI $71,311 @ 7.0% cap · market cap 4.76%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,366 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
194
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - All-brick legal three-family with two 3-bedroom units and one 1-bedroom unit plus separate electric meters.
Where is this triplex located?
The property is located at 3212 Giegerich Place Unit 3 Bronx, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Legal three‑family all‑brick structure; Two 3‑bedroom apartments plus one 1‑bedroom apartment; Over 3,100 square feet of living space
