Three-Family Triplex with
New
For Sale
$935,000
469 Commonwealth Ave The, Bronx, NY 10473
Three-unit residential property with a full basement, backyard, and on-site parking.
Property Size2,925 SF
Days on Market2
Property Features for 469 Commonwealth Ave The
General Information
Standard status
Active
Size
2,925 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,791
Building Details
Building Size
2,925 SF
Year Built
1975
Units
3
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Isaac Buapim
(347) 290-3680
Source:
Elliman
Added: Sep 16
Last Checked: Sep 16 at 1:43PM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
This three-family triplex in Clason Point includes a three-bedroom, three-bedroom, and one-bedroom configuration, providing a varied unit mix within one residential income property. The building also features a full basement, a backyard accessed near the basement, and a two-car garage with room for a third vehicle. Built in 1975, the property offers substantial space across its three units and supporting areas.
Located at 469 Commonwealth Ave in The Bronx, the property is near Soundview Park and the waterfront. Bus service is a couple of blocks away, with connections to the 6 and 5 trains. Walk Score is 69, Transit Score is 64, and Bike Score is 74.
Located at 469 Commonwealth Ave in The Bronx, the property is near Soundview Park and the waterfront. Bus service is a couple of blocks away, with connections to the 6 and 5 trains. Walk Score is 69, Transit Score is 64, and Bike Score is 74.
Key Highlights
- Three‑family layout with two three‑bedroom units and one one‑bedroom unit
- Full basement with adjacent backyard access
- Two‑car garage with room for a third vehicle
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,486,000
$1.5M
Cap Rate 7%
$1,061,429
$1.1M
Cap Rate 9%
$825,556
$825.6K
Market Conditions
NOI Build-Up for 2,925 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$112.3K $38.40/SF
− Vacancy
−$6.2K −$2.11/SF
EGI
$106.1K $36.29/SF
− OpEx
−$31.8K −$10.89/SF
NOI
$74.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,486,000
Cap Rate 7%
$1,061,429
Cap Rate 9%
$825,556
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.8K – $1.24M
NOI $74,300 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 7.20%
Theoretical Best
Warehouse
$2.03M
$1.77M – $2.36M
NOI $141,877 @ 7.0% cap · market cap 15.17%
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
Location Intelligence
Trade Area within ½ mile
927
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a full basement, backyard, and on-site parking.
Where is this triplex located?
The property is located at 469 Commonwealth Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Three‑family layout with two three‑bedroom units and one one‑bedroom unit; Full basement with adjacent backyard access; Two‑car garage with room for a third vehicle
