Triplex with Full
For Sale
$999,000
Pending
3425 Dekalb Ave The, Bronx, NY 10467
R7-zoned three-family residence with private entrances and driveway parking.
Property Size2,940 SF
Days on Market118
Property Features for 3425 Dekalb Ave The
General Information
Standard status
Pending
Size
2,940 SF
Property subtype
Investment
Zoning
R7
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,721
Amenities
private entrance
full basement
Building Details
Building Size
2,940 SF
Year Built
1920
Units
3
Listing Agency:
RE/MAX Distinguished Homes & Properties
Listed By:
Eric Stein · License #49ST1168831
(914) 346-8255
Source:
Elliman
Added: May 9
Changed: Sep 2
Last Checked: Sep 1 at 10:30PM
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 RE/MAX Distinguished Homes & Properties
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1920, is arranged with one residence on the first floor and two additional units above. Each unit has a separate entrance, while a full basement provides substantial storage and flexible space. A driveway supplies on-site parking. The property is zoned R7.
The address is 3425 Dekalb Ave in The Bronx, NY 10467. Transportation access includes the 4 and D subway lines, Metro-North trains, local and express bus service, and the Bronx River Pkwy. Parks, shopping, and dining are also nearby. Walk Score is 81, Transit Score is 100, and BikeScore is 71.
The address is 3425 Dekalb Ave in The Bronx, NY 10467. Transportation access includes the 4 and D subway lines, Metro-North trains, local and express bus service, and the Bronx River Pkwy. Parks, shopping, and dining are also nearby. Walk Score is 81, Transit Score is 100, and BikeScore is 71.
Key Highlights
- Three‑unit property with one first‑floor unit and two upper‑level units
- R7 zoning
- Separate private entrance for each unit
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
$71,581
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
7.17%
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%
$1,431,620
$1.4M
Cap Rate 7%
$1,022,586
$1.0M
Cap Rate 9%
$795,344
$795.3K
Market Conditions
NOI Build-Up for 2,940 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
$109.4K $37.20/SF
− Vacancy
−$7.1K −$2.42/SF
EGI
$102.3K $34.78/SF
− OpEx
−$30.7K −$10.43/SF
NOI
$71.6K $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%
$1,431,620
Cap Rate 7%
$1,022,586
Cap Rate 9%
$795,344
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$894.8K – $1.19M
NOI $71,581 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$913.9K
$799.7K – $1.07M
NOI $63,975 @ 7.0% cap · market cap 6.40%
Theoretical Best
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,605 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,948
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R7-zoned three-family residence with private entrances and driveway parking.
Where is this triplex located?
The property is located at 3425 Dekalb Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑unit property with one first‑floor unit and two upper‑level units; R7 zoning; Separate private entrance for each unit
