Three-Unit Brick
For Sale
$1,250,000
449 Castle Hill Avenue, Bronx, NY 10473
The property includes three rented apartments and driveway parking.
Property Size2,695 SF
Price / SF$463.82
Days on Market72
Property Features for 449 Castle Hill Avenue
General Information
Standard status
Active
Size
2,695 SF
Total Parking Spaces
3
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,665
Building Details
Building Size
2,695 SF
Year Built
1970
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Century 21 Future Homes Realty
Listed By:
Carmen Acevedo · License #40AC1013183
(718) 863-0055
Source:
Thedecurtisgroup
Added: Aug 25
Changed: Nov 3
Last Checked: Nov 3 at 8:51AM
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 Century 21 Future Homes Realty
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Investment Insights
Based on property information with market context.
This 1970 brick triplex contains three apartments, each with three bedrooms. The building has 2,695 square feet of property area and is semidetached. Three cars can park in the driveway.
All three apartments are currently rented. Delivery may include one or two vacant apartments.
All three apartments are currently rented. Delivery may include one or two vacant apartments.
Key Highlights
- Three apartments, each with 3 bedrooms
- 2,695 square feet
- Driveway parking for 3 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,457
Cap Rate
5.48%
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 5.48%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,995 @ 7.0% cap · market cap 4.96%
Theoretical Best
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,721 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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
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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 - The property includes three rented apartments and driveway parking.
Where is this triplex located?
The property is located at 449 Castle Hill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms; 2,695 square feet; Driveway parking for 3 cars
