Three-Family Building with Finished
For Sale
$1,300,000
767 Prospect Avenue, Bronx, NY 10455
The property has a three-unit configuration and finished basement space.
Property Size3,711 SF
Lot Size0.06 Acres
Price / SF$350.31
Days on Market10
Property Features for 767 Prospect Avenue
General Information
Standard status
Active
Size
3,711 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R6
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,877
Amenities
Finished,Full
3
Yes
11
Other
Finished, Full
Public
No
3711
Building Details
Building Size
3,711 SF
Year Built
1901
Listing Agency:
(516) 703-2918
Listed By:
Michael Giordano
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:29PM
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 Michael Giordano
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Investment Insights
Based on property information with market context.
This three-family residential property contains 3,711 square feet and includes a finished basement. The unit mix is described as two four-bedroom residences and one three-bedroom residence. Built in 1901, the building is reported to be well maintained.
The parcel measures 25 by 98.33 feet and carries R6 zoning. Current monthly rent exceeds $10,000.
The parcel measures 25 by 98.33 feet and carries R6 zoning. Current monthly rent exceeds $10,000.
Key Highlights
- Three‑family property with 3,711 square feet
- Unit mix: two 4‑bedroom residences and one 3‑bedroom residence
- Finished basement
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,527
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The property has a three-unit configuration and finished basement space.
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: Three‑family property with 3,711 square feet; Unit mix: two 4‑bedroom residences and one 3‑bedroom residence; Finished basement
