Three-Family Residential Income
For Sale
$1,185,000
3643 Paulding Ave The, Bronx, NY 10469
Three-unit home with 3 bedrooms over 3 bedrooms, plus a separate 1-bedroom unit and a full basement.
Property Size3,264 SF
Days on Market143
Property Features for 3643 Paulding Ave The
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,383
Building Details
Building Size
3,264 SF
Year Built
1899
Units
3
Listing Agency:
Strive Realty Inc.
Listed By:
Maurice A. Banton · License #10401219592
(914) 320-0325
Source:
Elliman
Added: Jun 3
Changed: Oct 16
Last Checked: Oct 23 at 9:33AM
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 Strive Realty Inc.
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Investment Insights
Based on property information with market context.
This large three-family residential income property offers a straightforward, well-defined unit mix: three bedrooms over three bedrooms, along with an additional one-bedroom unit. The building also includes a full basement, providing extra usable space relative to a typical multi-unit configuration.
Located in the Williamsbridge area of the Bronx, the property is described as very walkable and well served by transit, with reported WalkScore of 75 and TransitScore of 83. BikeScore is listed as 52.
With three separate residential units and a full basement, the layout is built for an owner who wants to oversee multiple income streams within a single property.
Located in the Williamsbridge area of the Bronx, the property is described as very walkable and well served by transit, with reported WalkScore of 75 and TransitScore of 83. BikeScore is listed as 52.
With three separate residential units and a full basement, the layout is built for an owner who wants to oversee multiple income streams within a single property.
Key Highlights
- Large 3‑family home (year built 1899) in the Williamsbridge area of the Bronx
- 3 bedrooms over 3 bedrooms configuration, plus an additional 1‑bedroom unit
- Includes a full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,911
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,658,220
$1.7M
Cap Rate 7%
$1,184,443
$1.2M
Cap Rate 9%
$921,233
$921.2K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$125.3K $38.40/SF
− Vacancy
−$6.9K −$2.11/SF
EGI
$118.4K $36.29/SF
− OpEx
−$35.5K −$10.89/SF
NOI
$82.9K $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%
$1,658,220
Cap Rate 7%
$1,184,443
Cap Rate 9%
$921,233
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,911 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$1.07M
$938.6K – $1.25M
NOI $75,084 @ 7.0% cap · market cap 6.34%
Theoretical Best
Warehouse
$2.26M
$1.98M – $2.64M
NOI $158,321 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit home with 3 bedrooms over 3 bedrooms, plus a separate 1-bedroom unit and a full basement.
Where is this triplex located?
The property is located at 3643 Paulding Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Large 3‑family home (year built 1899) in the Williamsbridge area of the Bronx; 3 bedrooms over 3 bedrooms configuration, plus an additional 1‑bedroom unit; Includes a full basement
