Brick
New
For Sale
$1,449,000
3233 Ely Ave, Bronx, NY 10469
A finished basement, garage, and front-yard parking supplement the three residential units.
Property Size4,440 SF
Price / SF$326.35
Days on Market7
Property Features for 3233 Ely Ave
General Information
Standard status
Active
Size
4,440 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1989
Buildings
1
Construction
brick
Listing Agency:
KDP Global Realty LLC
Listed By:
Kwaku Dapaah · License #10491211972
(347) 338-1770
Source:
Jaida.mappmyhome
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:22AM
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 KDP Global Realty LLC
Investment Insights
Based on property information with market context.
This brick triplex contains three legal residential units and approximately 4,440 square feet. The property, built in 1989, also includes a fully finished basement, a garage, and front-yard parking for multiple vehicles.
The home is in the Baychester section of the Bronx, near neighborhood shopping, transportation, and Co-op City.
The home is in the Baychester section of the Bronx, near neighborhood shopping, transportation, and Co-op City.
Key Highlights
- Three legal residential units in a brick building
- Approximately 4,440 square feet
- Fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,783
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,255,660
$2.3M
Cap Rate 7%
$1,611,186
$1.6M
Cap Rate 9%
$1,253,144
$1.3M
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$170.5K $38.40/SF
− Vacancy
−$9.4K −$2.11/SF
EGI
$161.1K $36.29/SF
− OpEx
−$48.3K −$10.89/SF
NOI
$112.8K $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%
$2,255,660
Cap Rate 7%
$1,611,186
Cap Rate 9%
$1,253,144
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,783 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,136 @ 7.0% cap · market cap 7.05%
Theoretical Best
Warehouse
$3.08M
$2.69M – $3.59M
NOI $215,363 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A finished basement, garage, and front-yard parking supplement the three residential units.
Where is this triplex located?
The property is located at 3233 Ely Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Three legal residential units in a brick building; Approximately 4,440 square feet; Fully finished basement
