Renovated Brick
For Sale
$1,179,000
Pending
775 E 216th St The, Bronx, NY 10467
Three residential units feature updated interiors, private parking, and a garage in a walkable Bronx setting.
Property Size3,348 SF
Days on Market49
Property Features for 775 E 216th St The
General Information
Standard status
Pending
Size
3,348 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,121
Building Details
Building Size
3,348 SF
Year Built
1965
Buildings
1
Stories
3
Units
2
Construction
brick
Listing Agency:
Keystone Realty USA Corp
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Elliman
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 20 at 9:56PM
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 was built in 1965 and contains 3,350 square feet of living space within a 23-by-48-foot structure. The unit mix includes two three-bedroom residences and a two-bedroom garden unit. Interior improvements include wide oak flooring, recessed lighting, custom doors and moldings, granite kitchens with stainless steel appliances, tiled bathrooms, and open living and dining areas. Electrical, heating, and plumbing systems have been updated, with energy-efficient split-system central air conditioning throughout. The property also includes a driveway and garage.
Located at 775 E 216th St in The Bronx, the property sits near White Plains Road, Barnes Avenue, and Bronxwood Avenue. Schools, shopping centers, restaurants, cafes, and parks are within short blocks. Transportation metrics include a Walk Score of 83, a Transit Score of 82, and a Bike Score of 74.
Located at 775 E 216th St in The Bronx, the property sits near White Plains Road, Barnes Avenue, and Bronxwood Avenue. Schools, shopping centers, restaurants, cafes, and parks are within short blocks. Transportation metrics include a Walk Score of 83, a Transit Score of 82, and a Bike Score of 74.
Key Highlights
- 3,350 square feet of living space in a 23x48, 3‑story brick building
- Two 3‑bedroom units plus a 2‑bedroom garden unit
- Updated electrical, heating, and plumbing systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,564
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,280
$1.6M
Cap Rate 7%
$1,165,200
$1.2M
Cap Rate 9%
$906,267
$906.3K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$124.6K $37.20/SF
− Vacancy
−$8.1K −$2.42/SF
EGI
$116.5K $34.78/SF
− OpEx
−$35.0K −$10.43/SF
NOI
$81.6K $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%
$1,631,280
Cap Rate 7%
$1,165,200
Cap Rate 9%
$906,267
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,564 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$1.04M
$911.2K – $1.21M
NOI $72,897 @ 7.0% cap · market cap 6.18%
Theoretical Best
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,492 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Paved road access
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 feature updated interiors, private parking, and a garage in a walkable Bronx setting.
Where is this triplex located?
The property is located at 775 E 216th St The 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: 3,350 square feet of living space in a 23x48, 3‑story brick building; Two 3‑bedroom units plus a 2‑bedroom garden unit; Updated electrical, heating, and plumbing systems
