Two-Family Home Grand Concourse
For Sale
$959,000
Pending
110 E 198th St The, Bronx, NY 10468
Two-family residence with development potential in the Grand Concourse area.
Property Size3,150 SF
Lot Size0.06 Acres
Days on Market319
Property Features for 110 E 198th St The
General Information
Standard status
Pending
Size
3,150 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$5,312
Building Details
Building Size
3,150 SF
Year Built
1920
Units
3
Listing Agency:
Century 21 Galvez
Listed By:
Ana E. Matos · License #10301215834
(646) 303-2850
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:38PM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
Located in the Grand Concourse area, this two-story residence offers a blend of space and potential. The property is a two-family listing. The second story features a two-bedroom apartment with a living room, dining area, kitchen, and one full bathroom. The first floor includes a front porch, 3.5 bedrooms, a living room, a dining room, a kitchen, and a bathroom. This property has R8 zoning, presenting opportunities for developers and investors. The heating fuel is oil above ground.
Key Highlights
- Two‑family residence offering separate living spaces.
- R8 Zoning: Potential for development or expansion (consult architect).
- Spacious two‑bedroom apartment on the second floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,015
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,300
$1.6M
Cap Rate 7%
$1,143,071
$1.1M
Cap Rate 9%
$889,056
$889.1K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$121.0K $38.40/SF
− Vacancy
−$6.7K −$2.11/SF
EGI
$114.3K $36.29/SF
− OpEx
−$34.3K −$10.89/SF
NOI
$80.0K $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%
$1,600,300
Cap Rate 7%
$1,143,071
Cap Rate 9%
$889,056
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,015 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$1.04M
$905.8K – $1.21M
NOI $72,461 @ 7.0% cap · market cap 7.56%
Theoretical Best
Warehouse
$2.18M
$1.91M – $2.55M
NOI $152,791 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with development potential in the Grand Concourse area.
Where is this duplex located?
The property is located at 110 E 198th St The Bronx, NY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Two‑family residence offering separate living spaces.; R8 Zoning: Potential for development or expansion (consult architect).; Spacious two‑bedroom apartment on the second floor.
