Newly Built Three-Unit
504 Van Nest, Bronx, NY 10460
For Sale
$1,395,000
Pending
Three separate residences feature open living and dining areas, with central heating and cooling throughout.
Property Size3,828 SF
Days on Market26
Property Features for 504 Van Nest
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central heating and cooling
in-unit laundry hookups
Finished
5
Yes
9
Other
Public
No
3828
Building Details
Building Size
Year Built
Buildings
Listing Agency:
WW Realty Group Inc
(516) 788-8382
Listed By:
Mohit Kalia
Source:
Sunluxrealty
Added: Oct 16
Changed: Nov 9
Last Checked: Nov 9 at 5:38PM
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 WW Realty Group Inc
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Investment Insights
Based on property information with market context.
Completed in 2024, this Bronx triplex contains three residences with a combined 3,828 square feet. The property has 9 bedrooms and 5 bathrooms, with open-concept living and dining areas in each unit. Central heating and cooling serve the building, and the interiors feature contemporary finishes and kitchens with cabinetry and storage.
Key Highlights
- Three‑unit residential property
- 3,828 square feet of building area
- 9 bedrooms and 5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,237
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,740
$1.9M
Cap Rate 7%
$1,389,100
$1.4M
Cap Rate 9%
$1,080,411
$1.1M
Market Conditions
NOI Build-Up for 3,828 SF
Gross rent
$147.0K $38.40/SF
− Vacancy
−$8.1K −$2.11/SF
EGI
$138.9K $36.29/SF
− OpEx
−$41.7K −$10.89/SF
NOI
$97.2K $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%
$1,944,740
Cap Rate 7%
$1,389,100
Cap Rate 9%
$1,080,411
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,237 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,058 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,856 @ 7.0% cap · market cap 9.17%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
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Market
Average Price Trend$/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 separate residences feature open living and dining areas, with central heating and cooling throughout.
Where is this triplex located?
The property is located at 504 Van Nest Bronx, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Three‑unit residential property; 3,828 square feet of building area; 9 bedrooms and 5 bathrooms
