Three-Family Building for
940 E 181st Street, Bronx, NY 10460
- Added:
- Jun 1, 2026
- Days on Market:
- 37
- Last Refresh:
- Jul 7 at 6:06 pm
Property Features for 940 E 181st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 4, Bedroom 5, Bathroom 3
- Standard status
- Active
- Lot size
- 0.08 Acres
Building Details
- Floors in Building
- 4
- Building materials
- Brick
Listing agent Maha Alaoui (646) 559-4700
Listing office Landair Property Advisors, LLC Suite 301 224 W 30th Street, New York, NY (646) 559-4700
Listing date Jun 1, 2026
MLS# 11798820
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.
HighLights
- 3‑family building with 3,087 SF on an irregular 40.27' x 103' lot (3,338 SF) in West Farms, Bronx
- Income/tenant mix includes a ground‑floor studio, a 3‑bedroom/1‑bath, and a 5‑bedroom/2‑bath duplex
- Zoned R7‑1 with as‑of‑right up to 11,482 buildable SF or 16,723 buildable SF with UAP
- Property delivered fully vacant at closing
- 0.4 miles to West Farms Square–East Tremont Ave station (2/5 trains) plus Bx9, Bx21, and Bx36 bus service
- Brick construction
Overview
940 E 181st Street is a 3,087 sq. ft. three-family building on an irregular 40.27' x 103' lot. The ground floor includes a studio, the first floor offers a three-bedroom/one-bath unit, and the second-floor layout features a five-bedroom/two-bath duplex. The property will be delivered fully vacant at closing, providing flexibility for either renovation of the existing improvements or preparation for a larger redevelopment plan.
Zoned R7-1, the site permits up to 11,482 buildable sq. ft. as-of-right or 16,723 buildable sq. ft. with UAP. The location is about 0.4 miles from the West Farms Square–East Tremont Ave station serving the 2 and 5 trains, and it is supported by nearby Bx9, Bx21, and Bx36 bus service. Bronx Park, including the Bronx Zoo and New York Botanical Garden, anchors the northern area of West Farms, while the East Tremont Avenue retail corridor, Fordham University, area schools, and Bronx healthcare facilities contribute to the neighborhood’s day-to-day demand.
For buyers and operators, this setup can fit teams looking for a vacant income property with immediate control at closing, as well as developers evaluating the opportunity to redevelop ground-up or alter the existing building under the site’s zoning parameters. The mix of unit sizes may also appeal to purchasers interested in modernizing current residential layouts while planning for future use.
Zoned R7-1, the site permits up to 11,482 buildable sq. ft. as-of-right or 16,723 buildable sq. ft. with UAP. The location is about 0.4 miles from the West Farms Square–East Tremont Ave station serving the 2 and 5 trains, and it is supported by nearby Bx9, Bx21, and Bx36 bus service. Bronx Park, including the Bronx Zoo and New York Botanical Garden, anchors the northern area of West Farms, while the East Tremont Avenue retail corridor, Fordham University, area schools, and Bronx healthcare facilities contribute to the neighborhood’s day-to-day demand.
For buyers and operators, this setup can fit teams looking for a vacant income property with immediate control at closing, as well as developers evaluating the opportunity to redevelop ground-up or alter the existing building under the site’s zoning parameters. The mix of unit sizes may also appeal to purchasers interested in modernizing current residential layouts while planning for future use.
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 | $118.5k | $38.40 |
| − Vacancy | −$6.5k | −$2.11 |
| EGI | $112.0k | $36.29 |
| − OpEx | −$33.6k | −$10.89 |
| NOI | $78.4k | $25.40 |
3,087 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$980.2K – $1.31M
NOI $78,415 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.01M
$887.7K – $1.18M
NOI $71,012 @ 7.0% cap · market cap 5.68%
Theoretical Best
Warehouse
$2.14M
$1.87M – $2.50M
NOI $149,735 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.880474
- Latitude
- 40.844808
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Fully vacant three-family building in West Farms with R7-1 zoning supporting significant redevelopment options.
Where is this triplex located?
The property is located at 940 E 181st Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3‑family building with 3,087 SF on an irregular 40.27' x 103' lot (3,338 SF) in West Farms, Bronx; Income/tenant mix includes a ground‑floor studio, a 3‑bedroom/1‑bath, and a 5‑bedroom/2‑bath duplex; Zoned R7‑1 with as‑of‑right up to 11,482 buildable SF or 16,723 buildable SF with UAP
