Mott Haven Three-Family
323 Concord Avenue Bronx, NY 10454
323 Concord Avenue, Bronx, NY, 10454
$874,888
For Sale
$874,888
MULTI_FAMILY - Bronx, NY
Property Size2,148 SF
Lot Size0.04 Acres
Price / SF$407.30
Days on Market95
Property Features for 323 Concord Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M1-2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 1
- Interior features
- A/C Unit - Window, Microwave, Refrigerator, Stove, Window Treatments
- Standard status
- Active
- Size
- 2,148 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3997
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency
Remax Top Nest Real Estate
(646) 828-6378
2303 Avenue Z, Brooklyn, NY
Listed by
Yat Chi (Stanley) Ng
(646) 828-6378
Added: Apr 13 Checked: Jul 16 at 6:06 pm
MLS# 500451
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-family residence is located in the Mott Haven neighborhood. The property features three units, each with upgraded kitchens and contemporary baths. All units are fully leased to tenants, providing a consistent income stream. The property is situated moments from the Bronx waterfront, dining, cultural venues, and multiple transit options, including the 2, 5, and 6 trains, offering connectivity to Manhattan. The property size is 2148 square feet and the lot size is 0.0367 acres. The zoning is M1-2. This property offers both refined living and financial performance. It delivers an uncommon blend of architectural charm, modern updates, and turnkey investment appeal. The units are generously scaled and beautifully enhanced, boasting abundant natural light. The property delivers a market-aligned income stream and an attractive 5% cap rate, making it an exceptional opportunity for investors seeking stability and long-term growth in a high-demand neighborhood. It balances immediate cash flow with future appreciation potential.
Key Highlights
- Three‑family residence built in 1910 with brick construction and a flat roof
- All units are fully leased to tenants, providing a consistent, market‑aligned income stream
- Reported 5% cap rate for the fully occupied property
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 | $82.5k | $38.40 |
| − Vacancy | −$4.5k | −$2.11 |
| EGI | $77.9k | $36.29 |
| − OpEx | −$23.4k | −$10.89 |
| NOI | $54.6k | $25.40 |
2,148 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$779.5K
$682.0K – $909.4K
NOI $54,563 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$705.9K
$617.7K – $823.5K
NOI $49,412 @ 7.0% cap · market cap 5.65%
Theoretical Best
Warehouse
$1.49M
$1.30M – $1.74M
NOI $104,189 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey investment in a high-demand neighborhood with strong returns.
Where is this triplex located?
The property is located at 323 Concord Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $874,888.
What are key features of this property?
This property features: Three‑family residence built in 1910 with brick construction and a flat roof; All units are fully leased to tenants, providing a consistent, market‑aligned income stream; Reported 5% cap rate for the fully occupied property
