3-Unit Triplex
For Sale
$925,000
920 E 227th St, Bronx, NY 10466
A three-bedroom duplex may be delivered vacant, alongside a one-bedroom unit.
Property Size2,320 SF
Price / SF$398.71
Days on Market9
Property Features for 920 E 227th St
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3-Bedroom Duplex, 1 x 1-Bedroom Unit
Multifamily Units
3
Building Details
Year Built
1960
Listing Agency:
Rubirosa International Realty
Listed By:
Rushane D. Porter
(914) 350-2883
Source:
Searchhomesinlongisland
Added: Oct 4
Changed: Oct 12
Last Checked: Oct 12 at 1:56AM
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 Rubirosa International Realty
Investment Insights
Based on property information with market context.
This three-unit property in the Bronx contains 2,320 square feet and was built in 1960. One residence is a three-bedroom duplex spanning the upper levels; it may be delivered vacant at closing. Another unit has one bedroom. A full basement is also part of the property.
Located at 920 E 227th St, Bronx, NY 10466, the building’s described configuration includes the duplex and one-bedroom residence, with a third unit completing the three-unit count.
Located at 920 E 227th St, Bronx, NY 10466, the building’s described configuration includes the duplex and one-bedroom residence, with a third unit completing the three-unit count.
Key Highlights
- Three‑unit property with 2,320 square feet
- Three‑bedroom duplex across the upper levels; may be delivered vacant at closing
- Separate one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,932
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,178,640
$1.2M
Cap Rate 7%
$841,886
$841.9K
Cap Rate 9%
$654,800
$654.8K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$89.1K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$84.2K $36.29/SF
− OpEx
−$25.3K −$10.89/SF
NOI
$58.9K $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%
$1,178,640
Cap Rate 7%
$841,886
Cap Rate 9%
$654,800
Alternative Uses
Best Use
Multifamily LT 5
$841.9K
$736.7K – $982.2K
NOI $58,932 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$762.4K
$667.1K – $889.5K
NOI $53,368 @ 7.0% cap · market cap 5.77%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,532 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,004
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
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Frequently Asked Questions
What type of property is this?
Triplex - A three-bedroom duplex may be delivered vacant, alongside a one-bedroom unit.
Where is this triplex located?
The property is located at 920 E 227th St Bronx, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three‑unit property with 2,320 square feet; Three‑bedroom duplex across the upper levels; may be delivered vacant at closing; Separate one‑bedroom unit
