Two-Family
For Sale
$949,000
1038 Neill Avenue, Bronx, NY 10461
The property contains 2,680 square feet of residential space in the Bronx.
Property Size2,680 SF
Price / SF$354.10
Days on Market39
Property Features for 1038 Neill Avenue
General Information
Standard status
Active
Size
2,680 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,406
Amenities
In-Law Floorplan
Building Details
Building Size
2,680 SF
Year Built
1970
Units
2
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Vincent Rinaldi · License #10401361917
(646) 533-3920
Source:
Croninreale
Added: Sep 16
Changed: Oct 23
Last Checked: Oct 23 at 5:03PM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
This 1970-built duplex property provides 2,680 square feet of residential space. It is located in the Morris Park section of the Bronx.
Key Highlights
- 2,680 square feet of residential space
- Built in 1970
- Located in the Morris Park section of the Bronx
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,076
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,520
$1.4M
Cap Rate 7%
$972,514
$972.5K
Cap Rate 9%
$756,400
$756.4K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$102.9K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$97.3K $36.29/SF
− OpEx
−$29.2K −$10.89/SF
NOI
$68.1K $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%
$1,361,520
Cap Rate 7%
$972,514
Cap Rate 9%
$756,400
Alternative Uses
Best Use
Multifamily LT 5
$972.5K
$851.0K – $1.13M
NOI $68,076 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$880.7K
$770.6K – $1.03M
NOI $61,650 @ 7.0% cap · market cap 6.50%
Theoretical Best
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,994 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,101
Businesses Nearby
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Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains 2,680 square feet of residential space in the Bronx.
Where is this duplex located?
The property is located at 1038 Neill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,680 square feet of residential space; Built in 1970; Located in the Morris Park section of the Bronx
