Brick Three-Family
For Sale
$1,299,000
449 Castle Hill Ave The, Bronx, NY 10473
Three rented apartments and driveway parking support an established residential income property configuration.
Property Size2,695 SF
Days on Market52
Property Features for 449 Castle Hill Ave The
General Information
Standard status
Active
Size
2,695 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,665
Building Details
Building Size
2,695 SF
Year Built
1970
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
NY Future Homes Realty
Listed By:
Carmen Acevedo · License #40AC1013183
(917) 653-0402
Source:
Elliman
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 14 at 11:51PM
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 NY Future Homes Realty
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Investment Insights
Based on property information with market context.
This 1970 brick, semidetached triplex contains three residential apartments, each with three bedrooms. The property includes a driveway with parking for three cars, and all apartments are currently rented.
Located at 449 Castle Hill Ave in The Bronx, the property has a Walk Score of 69, a BikeScore of 74, and a TransitScore of 64. These ratings indicate some walkability, very bikeable conditions, and good transit access.
Located at 449 Castle Hill Ave in The Bronx, the property has a Walk Score of 69, a BikeScore of 74, and a TransitScore of 64. These ratings indicate some walkability, very bikeable conditions, and good transit access.
Key Highlights
- Three‑family brick semidetached property with three apartments
- Each apartment contains 3 bedrooms
- Driveway parking for 3 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,457
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,140
$1.4M
Cap Rate 7%
$977,957
$978.0K
Cap Rate 9%
$760,633
$760.6K
Market Conditions
NOI Build-Up for 2,695 SF
Gross rent
$103.5K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$97.8K $36.29/SF
− OpEx
−$29.3K −$10.89/SF
NOI
$68.5K $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%
$1,369,140
Cap Rate 7%
$977,957
Cap Rate 9%
$760,633
Alternative Uses
Best Use
Multifamily LT 5
$978.0K
$855.7K – $1.14M
NOI $68,457 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,995 @ 7.0% cap · market cap 4.77%
Theoretical Best
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,721 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three rented apartments and driveway parking support an established residential income property configuration.
Where is this triplex located?
The property is located at 449 Castle Hill Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Three‑family brick semidetached property with three apartments; Each apartment contains 3 bedrooms; Driveway parking for 3 cars
