Three-Family Brick Triplex with
For Sale
$1,200,000
3814 Barnes Avenue, Bronx, NY 10467
Residential Income, Bronx, NY
Property Size3,444 SF
Lot Size0.03 Acres
Price / SF$348.43
Days on Market27
Property Features for 3814 Barnes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 7
Parking
1
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Elementary school
Ps 78 Anne Hutchinson
Middle school
Leaders Of Tomorrow
High school
Contact Agent
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Contact Agent
Directions
WILLIAMSBRIDGE neighborhood - From the Bx River Pkwy N - take Exit 9: Gun Hill Road. Turn right onto E. Gun Hill Road, then turn left onto Barnes Ave. (between E. 219th St. & E. 220th St.)
Standard status
Active
APN
04678-0142
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6378
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
gated driveway
balconies
Building Details
Year built
2008
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Gregory Tsougranis · License #10301201886
(845) 304-5745
Added: Jul 29
Changed: Aug 20
Last Checked: Aug 24 at 6:06PM
MLS# 1023477
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal three-family brick property contains two upper-level three-bedroom, two-bath residences and a ground-floor two-bedroom, two-bath unit. The apartments offer eat-in kitchens, first-floor bedroom and full-bath access, and kitchens and bathrooms described as being in good condition. The upper residences also include forward-facing balconies. Total city-recorded building area is 3,444 square feet, with approximately 3,050 square feet of apartment area excluding halls and stairs. Unit sizes are identified as 1.050sq. ft. for each three-bedroom apartment and 950 sq. ft. for the two-bedroom apartment.
A gated driveway provides on-site parking. The building has three gas boilers, four electric meters, public water, and public sewer. The utility room is located on the rooftop, and there is no basement. The property was built in 2008 and is zoned R5.
A gated driveway provides on-site parking. The building has three gas boilers, four electric meters, public water, and public sewer. The utility room is located on the rooftop, and there is no basement. The property was built in 2008 and is zoned R5.
Key Highlights
- Legal three‑family building with two 3BR/2BA units and one 2BR/2BA unit
- 3,444 square feet of city‑recorded building area
- Approximately 3,050 square feet of apartment area excluding halls and stairs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,852
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,345
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family property with gated driveway parking and separate utility metering.
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: Legal three‑family building with two 3BR/2BA units and one 2BR/2BA unit; 3,444 square feet of city‑recorded building area; Approximately 3,050 square feet of apartment area excluding halls and stairs
