Three-Unit Brick
For Sale
$1,400,000
757 Elton Avenue, Bronx, NY 10451
Three separate apartments offer a mix of bedroom and bathroom layouts in a multi-family property.
Property Size3,036 SF
Lot Size0.05 Acres
Price / SF$461.13
Days on Market9
Property Features for 757 Elton Avenue
General Information
Standard status
Active
Size
3,036 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,971
Amenities
Finished
4
Yes
6
Entrance Foyer,Open Kitchen
Public
2
No
Assigned, Common, Off Street
3036
Building Details
Building Size
3,036 SF
Year Built
1999
Stories
3
Construction
brick
Listing Agency:
(516) 703-2918
Listed By:
Hassan Mahmood
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:47PM
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 Hassan Mahmood
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story brick triplex contains 3,036 square feet of living space on a 2,200-square-foot lot. Built in 1999, the legal three-family property has three apartments: one with three bedrooms and two bathrooms, another with two bedrooms and one bathroom, and a third with one bedroom and one bathroom.
Key Highlights
- Legal three‑family property with three separate apartments
- Unit mix: 3‑bedroom/2‑bathroom, 2‑bedroom/1‑bathroom, and 1‑bedroom/1‑bathroom apartments
- 3,036 square feet of living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,119
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,542,380
$1.5M
Cap Rate 7%
$1,101,700
$1.1M
Cap Rate 9%
$856,878
$856.9K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$116.6K $38.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$110.2K $36.29/SF
− OpEx
−$33.1K −$10.89/SF
NOI
$77.1K $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%
$1,542,380
Cap Rate 7%
$1,101,700
Cap Rate 9%
$856,878
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.0K – $1.29M
NOI $77,119 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$997.7K
$873.0K – $1.16M
NOI $69,839 @ 7.0% cap · market cap 4.99%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,261 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
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 apartments offer a mix of bedroom and bathroom layouts in a multi-family property.
Where is this triplex located?
The property is located at 757 Elton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Legal three‑family property with three separate apartments; Unit mix: 3‑bedroom/2‑bathroom, 2‑bedroom/1‑bathroom, and 1‑bedroom/1‑bathroom apartments; 3,036 square feet of living space
