Updated Brick
For Sale
$915,000
3304 Wickham Avenue, Bronx, NY 10469
Three-level brick property with renovated kitchens, a one-car garage, and separate heating zones.
Property Size3,034 SF
Price / SF$301.58
Days on Market45
Property Features for 3304 Wickham Avenue
General Information
Standard status
Active
Size
3,034 SF
Total Parking Spaces
1
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$7,059
Building Details
Building Size
3,034 SF
Year Built
1970
Construction
brick
Listing Agency:
Exit Realty Group
Listed By:
Sonny Vataj
(914) 262-4446
Source:
Shawmetro
Added: Jul 23
Changed: Sep 4
Last Checked: Sep 4 at 3:10PM
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 Exit Realty Group
Investment Insights
Based on property information with market context.
This 3,034-square-foot brick triplex was built in 1970 and includes three finished levels. The lower level contains a one-bedroom layout with a living room, kitchen, and full bath, along with a one-car garage. The second level offers three bedrooms, two full baths, and an open kitchen with quartz counters. The third level includes three bedrooms, a living room, an open kitchen with quartz counters, and a full bath.
Building systems include a gas boiler with three-zone heat and an independent water heater. The property is located at 3304 Wickham Avenue in the Bronx, NY 10469.
Building systems include a gas boiler with three-zone heat and an independent water heater. The property is located at 3304 Wickham Avenue in the Bronx, NY 10469.
Key Highlights
- 3,034‑square‑foot brick triplex built in 1970
- Three finished levels with multiple bedroom and bath layouts
- Second- and third‑level kitchens feature quartz counters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,068
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,541,360
$1.5M
Cap Rate 7%
$1,100,971
$1.1M
Cap Rate 9%
$856,311
$856.3K
Market Conditions
NOI Build-Up for 3,034 SF
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.
Gross rent
$116.5K $38.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$110.1K $36.29/SF
− OpEx
−$33.0K −$10.89/SF
NOI
$77.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,541,360
Cap Rate 7%
$1,100,971
Cap Rate 9%
$856,311
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.4K – $1.28M
NOI $77,068 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$997.0K
$872.4K – $1.16M
NOI $69,793 @ 7.0% cap · market cap 7.63%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,164 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Three-level brick property with renovated kitchens, a one-car garage, and separate heating zones.
Where is this triplex located?
The property is located at 3304 Wickham Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 3,034‑square‑foot brick triplex built in 1970; Three finished levels with multiple bedroom and bath layouts; Second- and third‑level kitchens feature quartz counters
