Renovated
541 Edison Ave The, Bronx, NY 10465
For Sale
New
$1,599,999
The three-family layout offers substantial bedroom and bathroom capacity alongside a private driveway and finished basement.
Property Size4,546 SF
Days on Market2
Property Features for 541 Edison Ave The
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Newman Realty Inc.
Listed By:
German Nielsen
(516) 668-2618
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:18PM
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 Newman Realty Inc.
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Investment Insights
Based on property information with market context.
This Bronx triplex, built in 1987, contains three family units with a total of 13 bedrooms and seven bathrooms. Renovations have been completed throughout, and the property includes a private driveway and a fully finished basement.
The address is 541 Edison Ave. Its Walk Score is 76, its Transit Score is 49, and its Bike Score is 48.
The address is 541 Edison Ave. Its Walk Score is 76, its Transit Score is 49, and its Bike Score is 48.
Key Highlights
- Three‑family property with 13 bedrooms and seven bathrooms
- Private driveway
- Fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,476
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,520
$2.3M
Cap Rate 7%
$1,649,657
$1.6M
Cap Rate 9%
$1,283,067
$1.3M
Market Conditions
NOI Build-Up for 4,546 SF
Gross rent
$174.6K $38.40/SF
− Vacancy
−$9.6K −$2.11/SF
EGI
$165.0K $36.29/SF
− OpEx
−$49.5K −$10.89/SF
NOI
$115.5K $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%
$2,309,520
Cap Rate 7%
$1,649,657
Cap Rate 9%
$1,283,067
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,476 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,575 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,837 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
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Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
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Market
Average Price Trend$/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 - The three-family layout offers substantial bedroom and bathroom capacity alongside a private driveway and finished basement.
Where is this triplex located?
The property is located at 541 Edison Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Three‑family property with 13 bedrooms and seven bathrooms; Private driveway; Fully finished basement
