Vacant Multifamily Building in
349 Concord Avenue Bronx, NY 10454
349 Concord Avenue, Bronx, NY, 10454
Contact for pricing
For Sale
Contact for pricing
Three-story brick building in Mott Haven with renovation potential.
Property Size2,180 SF
Price / SF$378.44
Days on Market65
Property Features for 349 Concord Avenue
General Information
- Standard status
- Active
- Size
- 2,180 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1910
Listing Agency
Curb Capital LLC
Listed by
Adam Traub · License #NY 104912098848
Source
Crexi
Added: May 14 Checked: Jul 17 at 6:33 am
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 Curb Capital LLC
Investment Insights
Based on property information with market context.
This is a vacant three-family building, constructed of brick and spanning three stories. It is located in the Mott Haven neighborhood. The property presents a value-add and renovation opportunity. The annual real estate taxes are approximately $2,143. The property is suitable for investors, developers, or end-users. It offers convenient access to Manhattan and public transportation. The building has a size of 2,180 square feet and presents an opportunity to acquire a multifamily asset with potential in the Bronx.
Key Highlights
- Vacant 3‑family building offering immediate value‑add / renovation opportunity.
- Prime Mott Haven location in a dynamic neighborhood.
- Low annual real estate taxes (approximately $2,143).
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 | $83.7k | $38.40 |
| − Vacancy | −$4.6k | −$2.11 |
| EGI | $79.1k | $36.29 |
| − OpEx | −$23.7k | −$10.89 |
| NOI | $55.4k | $25.40 |
2,180 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$791.1K
$692.2K – $922.9K
NOI $55,375 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$716.4K
$626.9K – $835.8K
NOI $50,148 @ 7.0% cap · market cap 6.08%
Theoretical Best
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,741 @ 7.0% cap · market cap 12.82%
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 - Three-story brick building in Mott Haven with renovation potential.
Where is this triplex located?
The property is located at 349 Concord Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Vacant 3‑family building offering immediate value‑add / renovation opportunity.; Prime Mott Haven location in a dynamic neighborhood.; Low annual real estate taxes (approximately $2,143).
