Triplex with Elevator
3650 Bronxwood Avenue, Bronx, NY 10469
For Sale
$1,399,000
Pending
Three apartments offer a varied unit mix, private outdoor space, and indoor garage parking.
Property Size3,583 SF
Days on Market21
Property Features for 3650 Bronxwood Avenue
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Hardwood
5
No
Yes
7
ENERGY STAR Qualified Windows
Eat-in Kitchen,Elevator,ENERGY STAR Qualified Door(s)
Public
3
Assigned, Parking Lot
3583
Building Details
Building Size
Year Built
Listing Agency:
(516) 703-2918
Listed By:
Matthew Dubinsky
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 9 at 8:47AM
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 Matthew Dubinsky
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Investment Insights
Based on property information with market context.
Completed in 2024, this 3,583-square-foot triplex contains two 3-bedroom, 2-bathroom apartments and one 1-bedroom, 1-bathroom apartment. An elevator serves the building, and the top-floor unit includes a deck. The apartments feature hardwood floors, modern kitchens with stainless steel appliances, and washer/dryer connections. High-efficiency electric heating and air conditioning serve the property, which also has ENERGY STAR-qualified windows and doors.
Indoor garage parking is provided. The property is located at 3650 Bronxwood Avenue in the Bronx, New York.
Indoor garage parking is provided. The property is located at 3650 Bronxwood Avenue in the Bronx, New York.
Key Highlights
- 3,583‑square‑foot, 3‑family property completed in 2024
- Unit mix includes two 3‑bedroom, 2‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment
- Elevator access and a deck for the top‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,014
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,820,280
$1.8M
Cap Rate 7%
$1,300,200
$1.3M
Cap Rate 9%
$1,011,267
$1.0M
Market Conditions
NOI Build-Up for 3,583 SF
Gross rent
$137.6K $38.40/SF
− Vacancy
−$7.6K −$2.11/SF
EGI
$130.0K $36.29/SF
− OpEx
−$39.0K −$10.89/SF
NOI
$91.0K $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%
$1,820,280
Cap Rate 7%
$1,300,200
Cap Rate 9%
$1,011,267
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,014 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,422 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,673 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,654
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
$640,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a varied unit mix, private outdoor space, and indoor garage parking.
Where is this triplex located?
The property is located at 3650 Bronxwood Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,583‑square‑foot, 3‑family property completed in 2024; Unit mix includes two 3‑bedroom, 2‑bathroom apartments and one 1‑bedroom, 1‑bathroom apartment; Elevator access and a deck for the top‑floor apartment
