Three-Family Brick Residence with
854E 229th Street Bronx, NY 10466
854E 229th Street, Bronx, NY, 10466
$1,400,000
For Sale
$1,400,000
MULTI_FAMILY - Other - Bronx, NY
Property Size3,366 SF
Price / SF$415.92
Days on Market109
Property Features for 854E 229th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 1
- Standard status
- Active
- APN
- 04853-0083
- Size
- 3,366 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9141
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS REALTY NYC GROUP
(914) 346-8256
2300 Eastchester Road, BRONX, NY
Listed by
Herminia Florimon · License #10401291032
Added: Mar 31 Checked: Jul 17 at 12:06 am
MLS# 11669774
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal three-family brick residence offers a versatile unit mix configured as 4 bedrooms, 3 bedrooms, and 2 bedrooms. The building is equipped for multi-family operations with three boilers, four electric meters, and three gas meters. Parking and storage are supported by private garages and a private driveway.
The property is located in the Bronx at 854E 229th Street and is described as being just minutes from the 233rd Street MTA station, with access to major highways, buses, schools, and local shops.
According to the remarks, two tenant units are currently occupied, and the 2-bedroom unit is vacant. The property is also noted as possibly being delivered vacant, depending on timing.
The property is located in the Bronx at 854E 229th Street and is described as being just minutes from the 233rd Street MTA station, with access to major highways, buses, schools, and local shops.
According to the remarks, two tenant units are currently occupied, and the 2-bedroom unit is vacant. The property is also noted as possibly being delivered vacant, depending on timing.
Key Highlights
- Legal 3‑family brick home built in 1910 with baseboard heating and natural gas heat
- Three boilers plus four electric meters and three gas meters set up for multi‑family operations
- Four private garages and a private driveway provide off‑street parking and storage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.3k | $38.40 |
| − Vacancy | −$7.1k | −$2.11 |
| EGI | $122.1k | $36.29 |
| − OpEx | −$36.6k | −$10.89 |
| NOI | $85.5k | $25.40 |
3,366 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,502 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$1.11M
$967.9K – $1.29M
NOI $77,430 @ 7.0% cap · market cap 5.53%
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,268 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Legal three-family brick home with private garages, private driveway, and multiple utilities including three boilers and four electric meters.
Where is this triplex located?
The property is located at 854E 229th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Legal 3‑family brick home built in 1910 with baseboard heating and natural gas heat; Three boilers plus four electric meters and three gas meters set up for multi‑family operations; Four private garages and a private driveway provide off‑street parking and storage
