Two-Family
For Sale
$995,000
1027 E 231st Street, Bronx, NY 10466
Two separate three-bedroom residences with contemporary finishes and additional finished basement space.
Property Size2,700 SF
Price / SF$368.52
Days on Market51
Property Features for 1027 E 231st Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,743
Building Details
Building Size
2,700 SF
Year Built
2013
Buildings
1
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Nicole Taliafero
(917) 659-1325
Source:
Shawmetro
Added: Aug 30
Changed: Oct 14
Last Checked: Oct 16 at 2:53PM
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 YourHomeSold Guaranteed Realty
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Investment Insights
Based on property information with market context.
This two-family duplex contains 2,700 square feet and was built in 2013. Each residence provides 3 bedrooms and 2 full bathrooms, including a primary bedroom with a private bath, as well as distinct living and dining areas. Interior finishes include hardwood flooring, granite countertops, cabinetry, and stainless-steel appliances.
The finished basement adds flexible space and includes a full bathroom. The separate unit configuration supports an owner-occupant arrangement with one residence used as a rental, or ownership of both units as a residential income property. The property is located at 1027 E 231st Street in the Bronx, New York 10466.
The finished basement adds flexible space and includes a full bathroom. The separate unit configuration supports an owner-occupant arrangement with one residence used as a rental, or ownership of both units as a residential income property. The property is located at 1027 E 231st Street in the Bronx, New York 10466.
Key Highlights
- Two‑family duplex with 2,700 square feet, built in 2013
- Each unit offers 3 bedrooms and 2 full bathrooms
- Primary bedroom in each unit includes a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,584
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,680
$1.4M
Cap Rate 7%
$979,771
$979.8K
Cap Rate 9%
$762,044
$762.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$103.7K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$98.0K $36.29/SF
− OpEx
−$29.4K −$10.89/SF
NOI
$68.6K $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%
$1,371,680
Cap Rate 7%
$979,771
Cap Rate 9%
$762,044
Alternative Uses
Best Use
Multifamily LT 5
$979.8K
$857.3K – $1.14M
NOI $68,584 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$887.3K
$776.4K – $1.04M
NOI $62,110 @ 7.0% cap · market cap 6.24%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,964 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences with contemporary finishes and additional finished basement space.
Where is this duplex located?
The property is located at 1027 E 231st Street Bronx, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑family duplex with 2,700 square feet, built in 2013; Each unit offers 3 bedrooms and 2 full bathrooms; Primary bedroom in each unit includes a private bathroom
