Renovated Brick
For Sale
$1,350,000
Pending
3335 Perry Avenue, Bronx, NY 10467
Residential Income, Bronx, NY
Property Size3,300 SF
Lot Size0.06 Acres
Days on Market93
Property Features for 3335 Perry Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 4
Parking features
Open, Garage
Interior features
Chandelier, High Ceilings, Open Floorplan, Open Kitchen, Recessed Lighting, Smart Thermostat, Washer/Dryer Hookup
Basement
Walk-Out Access
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Directions
NORWOOD neighborhood from E. Gun Hill Rd. make a left onto Perry Avenue (between E. 209th St. and Gun Hill Rd.)
Standard status
Pending
APN
03343-0143
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9898
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
backyard
washer/dryer hookups
smart thermostats
security system
Building Details
Year built
1920
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Kenneth Fuentes · License #10401214433
(718) 697-6800
Added: May 28
Changed: Aug 20
Last Checked: Aug 28 at 11:06PM
MLS# 1005915
Copyright © 2026 OneKey MLS. 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 fully detached brick triplex offers over 3,300 square feet and has been recently renovated. The three-floor layout includes a 3-bedroom, 1-bath apartment, a 3-bedroom, 2-bath apartment with an updated en suite, and a 2-bedroom, 1-bath apartment. Each residence includes an updated kitchen with stone countertops and stainless steel appliances, along with modernized bathrooms.
Additional improvements include a large electric garage with high ceilings, a large backyard, three boilers, three water tanks, washer/dryer hookups, a newer roof, and Nest smart thermostats. A high-tech security system provides intercom communication and remote door locking and unlocking. Public water and sewer service are in place, with natural gas baseboard heat and window or wall-unit cooling. Shops and public transportation are located one block away.
Additional improvements include a large electric garage with high ceilings, a large backyard, three boilers, three water tanks, washer/dryer hookups, a newer roof, and Nest smart thermostats. A high-tech security system provides intercom communication and remote door locking and unlocking. Public water and sewer service are in place, with natural gas baseboard heat and window or wall-unit cooling. Shops and public transportation are located one block away.
Key Highlights
- Over 3,300 sq ft fully detached brick triplex
- Delivered fully vacant and recently renovated
- Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment
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
$80,346
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
5.95%
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%
$1,606,920
$1.6M
Cap Rate 7%
$1,147,800
$1.1M
Cap Rate 9%
$892,733
$892.7K
Market Conditions
NOI Build-Up for 3,300 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
$122.8K $37.20/SF
− Vacancy
−$8.0K −$2.42/SF
EGI
$114.8K $34.78/SF
− OpEx
−$34.4K −$10.43/SF
NOI
$80.3K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /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%
$1,606,920
Cap Rate 7%
$1,147,800
Cap Rate 9%
$892,733
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,346 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$1.03M
$897.6K – $1.20M
NOI $71,809 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,067 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 - Fully vacant three-family property with updated kitchens, baths, a large backyard, and garage parking.
Where is this triplex located?
The property is located at 3335 Perry Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Over 3,300 sq ft fully detached brick triplex; Delivered fully vacant and recently renovated; Unit mix includes two 3‑bedroom apartments and one 2‑bedroom apartment
