Triplex with Private
New
For Sale
$1,225,000
748 Kelly Street, Bronx, NY 10455
Three separate residences share a building equipped with solar panels and a tankless water heater.
Property Size2,610 SF
Price / SF$469.35
Days on Market5
Property Features for 748 Kelly Street
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,016
Amenities
private backyard space
solar panels
3
No
5
Other
Public
Driveway
2610
Building Details
Building Size
2,610 SF
Year Built
1901
Buildings
1
Construction
semi-detached
Listing Agency:
(516) 703-2918
Listed By:
Amandeep Kakar
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:40PM
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 Amandeep Kakar
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Investment Insights
Based on property information with market context.
This three-unit residential property in the Bronx includes private backyard space, solar panels, a gas boiler, and a tankless water heater. The building dates to 1901, and the three residences provide separate living spaces within one property.
The property is located in the Mott Haven section of the Bronx, near transportation, shopping, schools, and parks.
The property is located in the Mott Haven section of the Bronx, near transportation, shopping, schools, and parks.
Key Highlights
- Three separate residential units
- Private backyard space
- Solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,298
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,960
$1.3M
Cap Rate 7%
$947,114
$947.1K
Cap Rate 9%
$736,644
$736.6K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$100.2K $38.40/SF
− Vacancy
−$5.5K −$2.11/SF
EGI
$94.7K $36.29/SF
− OpEx
−$28.4K −$10.89/SF
NOI
$66.3K $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%
$1,325,960
Cap Rate 7%
$947,114
Cap Rate 9%
$736,644
Alternative Uses
Best Use
Multifamily LT 5
$947.1K
$828.7K – $1.10M
NOI $66,298 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$857.7K
$750.5K – $1.00M
NOI $60,040 @ 7.0% cap · market cap 4.90%
Theoretical Best
Warehouse
$1.81M
$1.58M – $2.11M
NOI $126,598 @ 7.0% cap · market cap 10.33%
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
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 10455, NY
43,804
Population
16,608
Households
2.6
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
62,577
Density / Sq Mi
$36,701
Median Household Income
$33,892
Median Earnings
$1,130
Median Rent
$348,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences share a building equipped with solar panels and a tankless water heater.
Where is this triplex located?
The property is located at 748 Kelly Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Three separate residential units; Private backyard space; Solar panels
