Triplex with
New
For Sale
$1,200,000
3814 Barnes Avenue, Bronx, NY 10467
Three occupied apartments have separate gas service and a gated driveway for tenant parking.
Property Size3,444 SF
Price / SF$348.43
Days on Market5
Property Features for 3814 Barnes Avenue
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,378
Amenities
See Remarks
5
No
Yes
8
First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen
Public
1
Driveway
3444
Building Details
Building Size
3,444 SF
Year Built
2008
Listing Agency:
Keller Williams Realty NYC Grp
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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 Keller Williams Realty NYC Grp
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Investment Insights
Based on property information with market context.
Built in 2008, this three-family property contains two upper-level apartments, each with three bedrooms and two bathrooms, plus a ground-floor apartment with two bedrooms and two bathrooms. The kitchens and bathrooms are described as being in good condition, and the upper apartments have forward-facing balconies. City records show 3,444 square feet for the building; apartment area excluding halls and stairs is approximately 3,050 square feet. There is no basement, and the utility room is on the roof.
The property is zoned R5 and has a gated driveway. Three gas boilers and three gas meters serve the apartments, while four electric meters cover the tenant spaces and common area. Tenancies are month-to-month. Tenants pay utilities other than water, insurance, and common electric, which are landlord expenses.
The property is zoned R5 and has a gated driveway. Three gas boilers and three gas meters serve the apartments, while four electric meters cover the tenant spaces and common area. Tenancies are month-to-month. Tenants pay utilities other than water, insurance, and common electric, which are landlord expenses.
Key Highlights
- Two upper apartments each have 3 bedrooms and 2 bathrooms; the ground‑floor unit has 2 bedrooms and 2 bathrooms
- 3,444 square feet of building area per city records; approximately 3,050 square feet across apartments, excluding halls and stairs
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,852
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,040
$1.7M
Cap Rate 7%
$1,197,886
$1.2M
Cap Rate 9%
$931,689
$931.7K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$128.1K $37.20/SF
− Vacancy
−$8.3K −$2.42/SF
EGI
$119.8K $34.78/SF
− OpEx
−$35.9K −$10.43/SF
NOI
$83.9K $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 Rate 5%
$1,677,040
Cap Rate 7%
$1,197,886
Cap Rate 9%
$931,689
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,852 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.07M
$936.8K – $1.25M
NOI $74,942 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$2.39M
$2.09M – $2.78M
NOI $167,051 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,345
Businesses Nearby
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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
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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 separate gas service and a gated driveway for tenant parking.
Where is this triplex located?
The property is located at 3814 Barnes Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two upper apartments each have 3 bedrooms and 2 bathrooms; the ground‑floor unit has 2 bedrooms and 2 bathrooms; 3,444 square feet of building area per city records; approximately 3,050 square feet across apartments, excluding halls and stairs; R5 zoning
