Renovated Brick
For Sale
$1,179,000
Pending
775 E 216th Street, Bronx, NY 10467
Three residential units combine updated interiors, private parking, and flexible owner-user or rental configurations.
Property Size3,348 SF
Days on Market50
Property Features for 775 E 216th Street
General Information
Standard status
Pending
Size
3,348 SF
Property subtype
Triplex
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,121
Building Details
Building Size
3,348 SF
Year Built
1965
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Keystone Realty USA Corp
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Shawmetro
Added: Sep 3
Changed: Oct 20
Last Checked: Oct 21 at 7:13AM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
This three-story brick triplex contains 3,348 square feet and is arranged with two three-bedroom residences plus a two-bedroom garden unit. The homes feature open living and dining areas, granite kitchens with custom cabinetry and stainless steel appliances, tiled bathrooms, generous bedroom storage, and renovated finishes including wide-oak flooring, recessed lighting, doors, and moldings. Updated building systems include electrical, heating, plumbing, and split-unit central air conditioning.
The property includes a driveway and garage at 775 E 216th Street in the Bronx. Its location offers access to White Plains Road, Barnes Avenue, and Bronxwood Avenue, with schools, shopping centers, restaurants, cafes, and parks nearby. The three-unit layout supports a combination of residential occupancy and rental use.
The property includes a driveway and garage at 775 E 216th Street in the Bronx. Its location offers access to White Plains Road, Barnes Avenue, and Bronxwood Avenue, with schools, shopping centers, restaurants, cafes, and parks nearby. The three-unit layout supports a combination of residential occupancy and rental use.
Key Highlights
- 3,348‑square‑foot, three‑story brick triplex
- Two 3‑bedroom units plus one 2‑bedroom garden unit
- Driveway and garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,515
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,300
$1.6M
Cap Rate 7%
$1,164,500
$1.2M
Cap Rate 9%
$905,722
$905.7K
Market Conditions
NOI Build-Up for 3,348 SF
Gross rent
$124.5K $37.20/SF
− Vacancy
−$8.1K −$2.42/SF
EGI
$116.5K $34.78/SF
− OpEx
−$34.9K −$10.43/SF
NOI
$81.5K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,300
Cap Rate 7%
$1,164,500
Cap Rate 9%
$905,722
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,515 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.04M
$910.7K – $1.21M
NOI $72,853 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,395 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,185
Businesses Nearby
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Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 - Three residential units combine updated interiors, private parking, and flexible owner-user or rental configurations.
Where is this triplex located?
The property is located at 775 E 216th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: 3,348‑square‑foot, three‑story brick triplex; Two 3‑bedroom units plus one 2‑bedroom garden unit; Driveway and garage included
