Brick Triplex
For Sale
$1,099,997
433 Howe Avenue Unit A, Bronx, NY 10473
Two three-bedroom residences sit above a ground-level studio-style space with a separate entrance and half bath.
Property Size3,060 SF
Price / SF$359.48
Days on Market28
Property Features for 433 Howe Avenue Unit A
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Triplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,054
Amenities
backyard
Building Details
Building Size
3,060 SF
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Raymond Vasquez · License #40VA1005388
(718) 662-9191
Source:
Serhant
Added: Sep 25
Changed: Oct 21
Last Checked: Oct 21 at 2:34AM
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 RE/MAX Distinguished Hms.&Prop
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Investment Insights
Based on property information with market context.
This 3,060-square-foot brick triplex property was built in 1965. Its layout includes two apartments, each with three bedrooms, plus a first-floor family room or studio area with a private entrance and half bath. The bedrooms have closet space, and both apartments include large living rooms.
An attached one-car garage and a private driveway provide vehicle accommodation, with the driveway extending toward a backyard.
An attached one-car garage and a private driveway provide vehicle accommodation, with the driveway extending toward a backyard.
Key Highlights
- 3,060‑square‑foot brick property built in 1965
- Two apartments, each with three bedrooms
- First‑floor studio or family room has a private entrance and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,729
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,580
$1.6M
Cap Rate 7%
$1,110,414
$1.1M
Cap Rate 9%
$863,656
$863.7K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$117.5K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.0K $36.29/SF
− OpEx
−$33.3K −$10.89/SF
NOI
$77.7K $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%
$1,554,580
Cap Rate 7%
$1,110,414
Cap Rate 9%
$863,656
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$1.01M
$879.9K – $1.17M
NOI $70,391 @ 7.0% cap · market cap 6.40%
Theoretical Best
Warehouse
$2.12M
$1.86M – $2.47M
NOI $148,426 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
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Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
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 - Two three-bedroom residences sit above a ground-level studio-style space with a separate entrance and half bath.
Where is this triplex located?
The property is located at 433 Howe Avenue Unit A Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,997.
What are key features of this property?
This property features: 3,060‑square‑foot brick property built in 1965; Two apartments, each with three bedrooms; First‑floor studio or family room has a private entrance and half bath
