Mixed-Use Triplex with Commercial
For Sale
$859,000
704 E 183rd Street, Bronx, NY 10458
Triplex building with two commercial spaces and a three-bedroom residence upstairs, with one commercial unit and the residence delivered vacant.
Days on Market91
Property Features for 704 E 183rd Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
2,024 SF
Year Built
1901
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Greater NY LLC
(646) 528-0525
Listed By:
Mahir Sadman SFR
(646) 528-0525
Source:
Cohenandcohenrealty
Added: May 3
Changed: Jul 30
Last Checked: Aug 1 at 11:57AM
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 Compass Greater NY LLC
Investment Insights
Based on property information with market context.
This mixed-use triplex at 704–706 E 183rd includes two commercial spaces and one three-bedroom residential unit located upstairs. The residential unit and one of the commercial units will be delivered vacant, offering flexibility for an owner-occupant or incoming tenant. The other commercial space is currently leased to a barbershop.
The building is centrally located in the Bronx and near the Bronx Zoo, with access to MTA subway and bus service. It is also close to major highways and area shops, supporting both foot traffic and convenient commutes.
Built in 1901, the property is well-suited for buyers seeking a live-and-work setup or a multi-tenant structure that combines retail frontage with residential space in a single building.
The building is centrally located in the Bronx and near the Bronx Zoo, with access to MTA subway and bus service. It is also close to major highways and area shops, supporting both foot traffic and convenient commutes.
Built in 1901, the property is well-suited for buyers seeking a live-and-work setup or a multi-tenant structure that combines retail frontage with residential space in a single building.
Key Highlights
- Triplex layout with two commercial spaces and one three‑bedroom residential unit upstairs
- Residential unit and one commercial unit delivered vacant
- One commercial space leased to a barbershop
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.7k | $38.40 |
| − Vacancy | −$4.3k | −$2.11 |
| EGI | $73.4k | $36.29 |
| − OpEx | −$22.0k | −$10.89 |
| NOI | $51.4k | $25.40 |
2,024 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$734.5K
$642.7K – $856.9K
NOI $51,413 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$665.1K
$582.0K – $776.0K
NOI $46,559 @ 7.0% cap · market cap 5.42%
Theoretical Best
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,174 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex building with two commercial spaces and a three-bedroom residence upstairs, with one commercial unit and the residence delivered vacant.
Where is this triplex located?
The property is located at 704 E 183rd Street Bronx, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Triplex layout with two commercial spaces and one three‑bedroom residential unit upstairs; Residential unit and one commercial unit delivered vacant; One commercial space leased to a barbershop
