Home Buying in New York>Question Details

Inge Willers, Home Buyer in New York

what is a "triplex"?

Asked by Inge Willers, New York Tue Mar 9, 2010

as in .... This 2 bedroom triplex condo has 2 full baths

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Answers

12
Allison McNally’s answer
Am I correct in thinking a duplex on Long Island is a term used for describing a legal 2 family and a triplex is a home with 3 legal apartments. What is the difference between conforming and non conforming. Are triplex homes considered to be more valuable?
Thank you for your input.
0 votes Thank Flag Link Wed Oct 16, 2013
Meaning there are three levels. Very often you will find as you described - that there is a lower (basement) level; a main living room area where the kitchen is usually found; and the bedrooms on the upper level.
0 votes Thank Flag Link Mon Mar 15, 2010
Hi Inge. It is interesting to see the various responses below. Mostly because the term Triplex means different things in various parts of the country.

Ms. Levy's answer is correct and exact. In New York City, a Triplex is an apartment in either a Coop, Condo or a Townhouse building consisting of three levels (or floors). Some of these apartments are the result of combining apartments. Others have indeed been built in this fashion.

These types of apartments can be quite expensive, especially in Manhattan. As a 2BR/2Bath Condo Triplex, I can suspect a price tag of well over a million dollars which adds a new wrinkle. The wrinkle is that in Manhattan we have a little thing called a "mansion tax." This is a tax imposed by NYC when an apartment sale exceeds $1M. The tax is equal to 1% of the purchase price. Of course, this poses no problem for those with a large amount of money. Good luck!
0 votes Thank Flag Link Wed Mar 10, 2010
Inge,
A duplex is two levels. A triplex is three levels. The people outside NYC who say there it would be a three-unit building - here we would call that a three-unit building. A triplex here would often be multiple apts. combined, but there are some buildings, and the first one to come to mind is 7 E. 35th St which is made up of duplexes and triplexes. These are not combined units, but were built this way.

Jenet Levy
Halstead Property, LLC
jlevy@halstead.com
212 381-4268
http://jenetlevy.halstead.com
0 votes Thank Flag Link Wed Mar 10, 2010
inge i believe that this is referring to 3 levels of an apt. when we say duplex this refers to 2 levels and triplex is 3 levels, this may have have 2 bedrooms and baths and they all may be on one full or two floors and living area and kitchen on another floor. you find this townhouses , and some condo or coop bldg. best carol freidman 917 287 2308
0 votes Thank Flag Link Wed Mar 10, 2010
Hello Inge and thanks for your question.

In this case, I believe the home being described is a single condominium for sale containing 2 bedrooms and 2 full bathrooms, but located in a building containing three units--two of which are owned by other homeowners. So the important "selling point" is that the building is intimate and contains only three homeowners that must agree to maintenance and work within the community and around the building.

Hope this helps!!

Sincerely,
Grace Morioka, SRES
Area Pro Realty
0 votes Thank Flag Link Wed Mar 10, 2010
Inge, Wie gehts? It can mean a three family house, a house with three floors, or a side by side unit with three units.

Ralph Windschuh
Certified Buyer Representative
Senior Real Estate Specialist
Associate Broker
Century 21 Princeton Properties.
631-467-0009
rwindschuh@c21princetonproperties.com
0 votes Thank Flag Link Wed Mar 10, 2010
What area of NY are you referring to anyway? Mitchell is correct, in NYC a triplex is 3 stories in other parts, it houses 3 families.
0 votes Thank Flag Link Tue Mar 9, 2010
Housing that provides living quarters for three families in NYC is called multi-family (or 3 family)

A triplex only refers to an apartment. A 2 bedroom triplex is a 2 bedroom apartment on three floors. A triplex apartment can be in a townhouse or in a high rise. It is for 1 family.
0 votes Thank Flag Link Tue Mar 9, 2010
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
Contact
It refers to housing that provides living quarters for three families.
0 votes Thank Flag Link Tue Mar 9, 2010
Hi Inge,

A triplex is an apartment with three floors.
0 votes Thank Flag Link Tue Mar 9, 2010
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
Contact
Out here in the West Coast, a tri-plex is a three-unit building. What you would refer to as a "three-family home."
0 votes Thank Flag Link Tue Mar 9, 2010
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