Legal Triplex With Separate
For Sale
$1,049,000
Pending
819 E 223rd St The, Bronx, NY 10466
Three apartments offer matching bedroom and bath layouts, hardwood floors, and dedicated heating and hot-water equipment.
Property Size3,504 SF
Days on Market92
Property Features for 819 E 223rd St The
General Information
Standard status
Pending
Size
3,504 SF
Property subtype
Investment
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,685
Building Details
Building Size
3,504 SF
Year Built
1925
Buildings
1
Stories
3
Units
3
Listing Agency:
RE/MAX Distinguished Homes & Properties
Listed By:
Hermi Aquino · License #30AQ1103641
(646) 685-6269
Source:
Elliman
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 19 at 7:21AM
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 RE/MAX Distinguished Homes & Properties
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Investment Insights
Based on property information with market context.
This legal triplex at 819 E 223rd St comprises three residential apartments, with one unit on each floor. Every apartment includes 3 bedrooms and 2 full baths, along with living, dining, and kitchen areas. Hardwood flooring runs throughout the building, while each residence has its own boiler and hot-water heater.
The property is located in the Williamsbridge section of The Bronx, NY 10466. The 2 and 5 subway station is within steps of the building, with additional bus service, schools, hospitals, shopping hubs, and major highways nearby. Built in 1925, the property provides a consistent three-unit configuration across all levels.
The property is located in the Williamsbridge section of The Bronx, NY 10466. The 2 and 5 subway station is within steps of the building, with additional bus service, schools, hospitals, shopping hubs, and major highways nearby. Built in 1925, the property provides a consistent three-unit configuration across all levels.
Key Highlights
- Legal 3‑family property with one apartment on each floor
- Each unit includes 3 bedrooms and 2 full baths
- Separate boiler and hot‑water heater serving each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,007
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,140
$1.8M
Cap Rate 7%
$1,271,529
$1.3M
Cap Rate 9%
$988,967
$989.0K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$134.6K $38.40/SF
− Vacancy
−$7.4K −$2.11/SF
EGI
$127.2K $36.29/SF
− OpEx
−$38.1K −$10.89/SF
NOI
$89.0K $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%
$1,780,140
Cap Rate 7%
$1,271,529
Cap Rate 9%
$988,967
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,007 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,605 @ 7.0% cap · market cap 7.68%
Theoretical Best
Warehouse
$2.43M
$2.12M – $2.83M
NOI $169,962 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,871
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
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 apartments offer matching bedroom and bath layouts, hardwood floors, and dedicated heating and hot-water equipment.
Where is this triplex located?
The property is located at 819 E 223rd St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Legal 3‑family property with one apartment on each floor; Each unit includes 3 bedrooms and 2 full baths; Separate boiler and hot‑water heater serving each unit
