Three-Family Triplex with
469 Commonwealth Ave The, Bronx, NY 10473
For Sale
$935,000
Pending
Three-unit residential property with a full basement, backyard, and on-site parking.
Property Size2,925 SF
Days on Market57
Property Features for 469 Commonwealth Ave The
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Isaac Buapim
(347) 290-3680
Source:
Elliman
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 10 at 7:58AM
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
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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 / Yr
$74,300
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
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
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 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
Office A
$1.40M
$1.22M – $1.63M
NOI $97,696 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
927
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
$586,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bronx, NY
Properties on Market for Triplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
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
