Three-Family Residential Income
940 East 181st Street, Bronx, NY 10460
New
Multi-Unit (2-4) - Bronx, NY
Property size:
3,087 SFLot size:
0.10 AcresPrice / SF:
$404/SF- Added:
- Jun 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 4:06 am
Property Features for 940 East 181st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Standard status
- Active
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Floors in Building
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Maha Alaoui (516) 713-7161
Listing office Landair Property Advisors, LLC 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
- 3,087 sq. ft. three‑family building on a 40.27' x 103' (3,338 sq. ft.) lot in West Farms, the Bronx
- Unit mix includes a ground‑floor studio, a 3‑bedroom/1‑bath on the first floor, and a 4‑bedroom/2‑bath duplex
- Delivered fully vacant at closing
- Zoned R7‑1: permits up to 11,482 buildable sq. ft. as‑of‑right or 16,723 buildable sq. ft. with UAP
- Brick construction with garage parking
- 0.4 miles to West Farms Square–East Tremont Ave station (2/5 trains) and served by Bx9, Bx21, and Bx36 buses
Overview
940 East 181st Street is a 3,087 sq. ft. three-family building set on an irregular 40.27’ x 103’ lot in the West Farms section of the Bronx. The ground floor features a studio, the first floor includes a three-bedroom/one-bath layout, and the building also contains a four-bedroom/two-bath duplex. At closing, the property will be delivered fully vacant, providing flexibility for an operator or buyer to reposition the asset.
The site is zoned R7-1. Based on the information provided, the property permits up to 11,482 buildable sq. ft. as-of-right, or 16,723 buildable sq. ft. with UAP. The area is served by transit including the West Farms Square–East Tremont Ave station approximately 0.4 miles away (2/5 trains), along with Bx9, Bx21, and Bx36 bus service. Neighborhood context includes Bronx Park to the north and the East Tremont Avenue retail corridor, with Fordham University, local schools, and Bronx healthcare facilities nearby.
This offering may appeal to buyers seeking a residential income asset with a multi-unit configuration and an R7-1 development framework. The fully vacant delivery supports immediate occupancy plans, renovation strategies, or consideration of redevelopment and alterations under the stated zoning allowances.
The site is zoned R7-1. Based on the information provided, the property permits up to 11,482 buildable sq. ft. as-of-right, or 16,723 buildable sq. ft. with UAP. The area is served by transit including the West Farms Square–East Tremont Ave station approximately 0.4 miles away (2/5 trains), along with Bx9, Bx21, and Bx36 bus service. Neighborhood context includes Bronx Park to the north and the East Tremont Avenue retail corridor, with Fordham University, local schools, and Bronx healthcare facilities nearby.
This offering may appeal to buyers seeking a residential income asset with a multi-unit configuration and an R7-1 development framework. The fully vacant delivery supports immediate occupancy plans, renovation strategies, or consideration of redevelopment and alterations under the stated zoning allowances.
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 - Three-family building with multiple unit layouts on an R7-1 site, fully vacant at closing.
Where is this triplex located?
The property is located at 940 East 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: 3,087 sq. ft. three‑family building on a 40.27' x 103' (3,338 sq. ft.) lot in West Farms, the Bronx; Unit mix includes a ground‑floor studio, a 3‑bedroom/1‑bath on the first floor, and a 4‑bedroom/2‑bath duplex; Delivered fully vacant at closing
