Building Details

Building Size 2,600 SF

Year Built 1989

Units 3

Listed By: Mohammad G. Amin Show Phone

Source: Elliman

Added: Mar 12 Changed: Oct 6 Last Checked: Oct 7 at 1:08PM

Report an Issue

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 Mohammad G. Amin

Investment Insights

Based on property information with market context.

This legal 3-family semi-detached brick home presents an investment opportunity on a corner lot. The property features two occupied units and a vacant first-floor apartment with exclusive backyard access. This setup is suitable for owner-occupancy or immediate rental income. The property includes a private driveway and garage parking. Its location provides convenient access to Metro-North, shopping, schools, and parks. The brick construction offers durability and reduced maintenance needs, while the corner lot enhances curb appeal and natural light. This property is located in an established Bronx neighborhood. It is suited for investors seeking stable cash flow or homebuyers aiming to offset living expenses with rental income.

Key Highlights

• Legal 3‑family home offers excellent income potential with two occupied units.
• Vacant 1st‑floor apartment with exclusive backyard access ideal for owner‑occupancy or immediate rental income.
• Private driveway and garage parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,044

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,320,880 $1.3M

Cap Rate 7%

$943,486 $943.5K

Cap Rate 9%

$733,822 $733.8K

Market Conditions

NOI Build-Up for 2,600 SF

Gross rent

$99.8K $38.40/SF

− Vacancy

−$5.5K −$2.11/SF

EGI

$94.3K $36.29/SF

− OpEx

−$28.3K −$10.89/SF

NOI

$66.0K $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%

$1,320,880

Cap Rate 7%

$943,486

Cap Rate 9%

$733,822

Alternative Uses

Best Use

Multifamily LT 5

$943.5K

$825.6K – $1.10M (±1% cap)

NOI $66,044 @ 7.0% cap · market cap 7.77%

Second Best

Apartment 5plus

$854.4K

$747.6K – $996.8K (±1% cap)

NOI $59,809 @ 7.0% cap · market cap 7.04%

Theoretical Best

Warehouse

$1.80M

$1.58M – $2.10M (±1% cap)

NOI $126,113 @ 7.0% cap · market cap 14.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,073

Businesses Nearby

Explore this area Business Placement

Demographics for 10470, NY

16,686

Population

6,869

Households

2.4

Avg Household Size

38

Median Age

41%

College-Educated

86%

High-School Grad

1.4 sq mi

ZIP Area

11,919

Density / Sq Mi

$81,134

Median Household Income

$54,227

Median Earnings

$1,656

Median Rent

$500,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Three-Family Home with Detached Garage

2952 Miles Avenue, Bronx, NY 10465

$899,000

2,400 SF

View details

Vacant Three-Unit Triplex

1012 E 233rd, The, Bronx, NY 10466

$1,149,000

View details

Three-Family Brick Property

1321 Lafayette Avenue Unit: 4, Bronx, NY 10474

$999,900

View details

Three-Family Triplex with Garage

469 Commonwealth Ave, The, Bronx, NY 10473

$935,000

View details

Three-Unit Multifamily Property

2016 Lafayette Ave, The, Bronx, NY 10473

$989,900

2,860 SF

View details

Updated Brick Triplex

3304 Wickham Avenue, Bronx, NY 10469

$915,000

3,034 SF

View details

Brick Three-Family Residence

323 Concord Avenue, Bronx, NY 10454

$874,888

2,148 SF

View details

Brick Three-Family Triplex

449 Castle Hill Ave, The, Bronx, NY 10473

$1,299,000

View details

Renovated Three-Family Triplex

2001 Prospect Ave, The, Bronx, NY 10457

$1,150,000

View details

Detached Three-Family Home

2925 Wellman Avenue, Bronx, NY 10461

$1,250,000

2,820 SF

View details

Vacant Triplex with Development Potential

2164 Crotona Avenue, Bronx, NY 10457

$1,149,750

View details

Brick Triplex With Private Parking

1405 E 233rd St, The, Bronx, NY 10466

$1,100,000

3,036 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Legal 3-family home with income potential in Wakefield.

Where is this triplex located?

The property is located at 4600 Bronx Blvd 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: Legal 3‑family home offers excellent income potential with two occupied units.; Vacant 1st‑floor apartment with exclusive backyard access ideal for owner‑occupancy or immediate rental income.; Private driveway and garage parking.