Three-Unit Multifamily
For Sale
$869,000
681 E 243rd St, Bronx, NY 10470
Multifamily asset with top-floor, second-unit, and walkout-unit configurations.
Property Size1,896 SF
Price / SF$458.33
Days on Market111
Property Features for 681 E 243rd St
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Nicole Taliafero
(917) 659-1325
Source:
Searchhomesinlongisland
Added: Jul 14
Changed: Oct 31
Last Checked: Nov 1 at 6:09AM
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 YourHomeSold Guaranteed Realty
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Investment Insights
Based on property information with market context.
This three-unit multifamily property contains 1,896 square feet and was built in 1910. The configuration includes a top-floor unit, a second unit, and a walkout unit, providing three distinct residential components within one building.
The property is located at 681 E 243rd St in the Bronx, NY 10470. Its three-unit layout and established construction date provide the core physical profile for evaluating the asset as a residential income property.
The property is located at 681 E 243rd St in the Bronx, NY 10470. Its three-unit layout and established construction date provide the core physical profile for evaluating the asset as a residential income property.
Key Highlights
- Three‑unit multifamily property
- 1,896 square feet of building area
- Top‑floor, second, and walkout‑unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,161
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,220
$963.2K
Cap Rate 7%
$688,014
$688.0K
Cap Rate 9%
$535,122
$535.1K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$72.8K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.8K $36.29/SF
− OpEx
−$20.6K −$10.89/SF
NOI
$48.2K $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%
$963,220
Cap Rate 7%
$688,014
Cap Rate 9%
$535,122
Alternative Uses
Best Use
Multifamily LT 5
$688.0K
$602.0K – $802.7K
NOI $48,161 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$623.1K
$545.2K – $726.9K
NOI $43,615 @ 7.0% cap · market cap 5.02%
Theoretical Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,966 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Multifamily asset with top-floor, second-unit, and walkout-unit configurations.
Where is this triplex located?
The property is located at 681 E 243rd St Bronx, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Three‑unit multifamily property; 1,896 square feet of building area; Top‑floor, second, and walkout‑unit configuration
