Triplex Requiring
New
For Sale
$850,000
4123 Boyd Ave The, Bronx, NY 10466
The building contains a two-bedroom first-floor unit and two one-bedroom units above.
Property Size2,420 SF
Days on Market1
Property Features for 4123 Boyd Ave The
General Information
Standard status
Active
Size
2,420 SF
Property subtype
Investment
Property Condition
Severity
Major Repairs Needed
Evidence
extensive renovation
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,895
Building Details
Building Size
2,420 SF
Year Built
1926
Buildings
1
Units
3
Listing Agency:
Keller Williams Realty Group
Listed By:
Jeffrey D. Hanrahan
(914) 552-5111
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:10PM
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 Group
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Investment Insights
Based on property information with market context.
This three-family property has a two-bedroom unit on the first floor and two one-bedroom units on the second. An unfinished basement has a door leading to the driveway. The property requires substantial renovation and is being sold in its current condition; it will not be vacant at closing.
Built in 1926, the property is located in The Bronx, New York. Buyers should verify condition, permitted use, and applicable requirements as part of their due diligence.
Built in 1926, the property is located in The Bronx, New York. Buyers should verify condition, permitted use, and applicable requirements as part of their due diligence.
Key Highlights
- Three‑unit layout: one two‑bedroom unit and two one‑bedroom units
- Unfinished basement with a door to the driveway
- Will not be delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,472
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,440
$1.2M
Cap Rate 7%
$878,171
$878.2K
Cap Rate 9%
$683,022
$683.0K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$92.9K $38.40/SF
− Vacancy
−$5.1K −$2.11/SF
EGI
$87.8K $36.29/SF
− OpEx
−$26.3K −$10.89/SF
NOI
$61.5K $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%
$1,229,440
Cap Rate 7%
$878,171
Cap Rate 9%
$683,022
Alternative Uses
Best Use
Multifamily LT 5
$878.2K
$768.4K – $1.02M
NOI $61,472 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$795.3K
$695.9K – $927.8K
NOI $55,669 @ 7.0% cap · market cap 6.55%
Theoretical Best
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,382 @ 7.0% cap · market cap 13.81%
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
2,856
Businesses Nearby
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Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
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 - The building contains a two-bedroom first-floor unit and two one-bedroom units above.
Where is this triplex located?
The property is located at 4123 Boyd Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit layout: one two‑bedroom unit and two one‑bedroom units; Unfinished basement with a door to the driveway; Will not be delivered vacant at closing
