Brick Three-Unit
New
For Sale
$1,000,000
371 E 158th St The, Bronx, NY 10451
Three occupied apartments have staggered lease terms, with the first-floor unit potentially available vacant at closing.
Property Size3,132 SF
Price / SF$319.28
Days on Market1
Property Features for 371 E 158th St The
General Information
Standard status
Active
Size
3,132 SF
Total Parking Spaces
1
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,524
Amenities
laundry facilities
Building Details
Building Size
3,132 SF
Year Built
2002
Buildings
1
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Sergio J. Garcia · License #10401277594
(718) 737-3874
Source:
Elliman
Added: Nov 3
Last Checked: Nov 3 at 2:56PM
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 YourHomeSold Guaranteed Realty
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Investment Insights
Based on property information with market context.
This 3,132-square-foot brick triplex was built in 2002 and contains three apartments: a first-floor three-bedroom, two-bath unit, a one-bedroom, one-bath apartment upstairs, and a two-bedroom, one-bath apartment on the third floor. The basement adds a bathroom and laundry facilities. Tile and hardwood flooring are found throughout, and the property includes one private rear parking space.
All three apartments are tenant-occupied. The first-floor lease runs through February 28, 2027, and that apartment may be delivered vacant at closing. The second-floor lease ends September 30, 2027, and the third-floor lease ends August 31, 2027; those two units are subject to their existing leases. Public transportation, shopping, restaurants, and major roadways are nearby. The property has a Walk Score of 87, a Transit Score of 100, and a Bike Score of 79.
All three apartments are tenant-occupied. The first-floor lease runs through February 28, 2027, and that apartment may be delivered vacant at closing. The second-floor lease ends September 30, 2027, and the third-floor lease ends August 31, 2027; those two units are subject to their existing leases. Public transportation, shopping, restaurants, and major roadways are nearby. The property has a Walk Score of 87, a Transit Score of 100, and a Bike Score of 79.
Key Highlights
- Legal three‑family brick property with 3,132 square feet
- Apartment mix: three bedrooms and two baths; one bedroom and one bath; two bedrooms and one bath
- Basement includes a bathroom and laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,558
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,160
$1.6M
Cap Rate 7%
$1,136,543
$1.1M
Cap Rate 9%
$883,978
$884.0K
Market Conditions
NOI Build-Up for 3,132 SF
Gross rent
$120.3K $38.40/SF
− Vacancy
−$6.6K −$2.11/SF
EGI
$113.7K $36.29/SF
− OpEx
−$34.1K −$10.89/SF
NOI
$79.6K $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%
$1,591,160
Cap Rate 7%
$1,136,543
Cap Rate 9%
$883,978
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$994.5K – $1.33M
NOI $79,558 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$1.03M
$900.6K – $1.20M
NOI $72,047 @ 7.0% cap · market cap 7.20%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,918 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,560
Businesses Nearby
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Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments have staggered lease terms, with the first-floor unit potentially available vacant at closing.
Where is this triplex located?
The property is located at 371 E 158th St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Legal three‑family brick property with 3,132 square feet; Apartment mix: three bedrooms and two baths; one bedroom and one bath; two bedrooms and one bath; Basement includes a bathroom and laundry facilities
