Three-Unit Multifamily
For Sale
$1,300,000
767 Prospect Avenue, Bronx, NY 10455
The legal three-family layout combines three apartments with a finished basement.
Property Size3,711 SF
Lot Size0.06 Acres
Days on Market337
Property Features for 767 Prospect Avenue
General Information
Standard status
Active
Size
3,711 SF
Lot size
0.06 Acres
Property subtype
Triplex
Zoning
R6
Units
Unit Mix
2 x 4BR, 1 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,877
Building Details
Building Size
3,711 SF
Year Built
1901
Listing Agency:
Keller Williams Realty NYC Grp
Listed By:
Kenneth Fuentes · License #10401214433
(718) 697-6800
Source:
Serhant
Added: Nov 10, 2025
Changed: Oct 13
Last Checked: Oct 13 at 2:15AM
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 Keller Williams Realty NYC Grp
Investment Insights
Based on property information with market context.
This legal three-family property contains three apartments configured with four, four, and three bedrooms. A finished basement adds usable space, and the building dates to 1901.
The property occupies a 25 x 98.33-foot lot and is zoned R6. Current monthly rent exceeds $10,000.
The property occupies a 25 x 98.33-foot lot and is zoned R6. Current monthly rent exceeds $10,000.
Key Highlights
- Legal three‑family property with 4‑bedroom, 4‑bedroom, and 3‑bedroom apartments
- Finished basement
- 25 x 98.33‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,265
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,885,300
$1.9M
Cap Rate 7%
$1,346,643
$1.3M
Cap Rate 9%
$1,047,389
$1.0M
Market Conditions
NOI Build-Up for 3,711 SF
Gross rent
$142.5K $38.40/SF
− Vacancy
−$7.8K −$2.11/SF
EGI
$134.7K $36.29/SF
− OpEx
−$40.4K −$10.89/SF
NOI
$94.3K $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%
$1,885,300
Cap Rate 7%
$1,346,643
Cap Rate 9%
$1,047,389
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,265 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,367 @ 7.0% cap · market cap 6.57%
Theoretical Best
Warehouse
$2.57M
$2.25M – $3.00M
NOI $180,002 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,527
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The legal three-family layout combines three apartments with a finished basement.
Where is this triplex located?
The property is located at 767 Prospect Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Legal three‑family property with 4‑bedroom, 4‑bedroom, and 3‑bedroom apartments; Finished basement; 25 x 98.33‑foot lot
