Two-Family Duplex
For Sale
$499,900
Pending
1129 E Tremont Avenue, Bronx, NY 10460
Two residential units with separate electric and gas metering support flexible occupancy arrangements.
Property Size1,628 SF
Days on Market59
Property Features for 1129 E Tremont Avenue
General Information
Standard status
Pending
Size
1,628 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,367
Building Details
Building Size
1,628 SF
Year Built
1910
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Richard B. Drury · License #10301218239
(631) 877-8989
Source:
Serhant
Added: Aug 9
Changed: Oct 3
Last Checked: Oct 5 at 9:06PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Built in 1910, this two-family duplex property contains approximately 1,628 square feet of building area. The configuration provides four bedrooms and two bathrooms overall, with each residence arranged as a two-bedroom, one-bath unit with its own living room and kitchen.
Utility service is separately metered across the property, including three electric meters and two gas meters. The layout and infrastructure provide a clearly defined setup for a buyer evaluating a small multifamily asset.
Utility service is separately metered across the property, including three electric meters and two gas meters. The layout and infrastructure provide a clearly defined setup for a buyer evaluating a small multifamily asset.
Key Highlights
- Two‑family property with approximately 1,628 square feet of building area
- Four bedrooms and two bathrooms overall
- Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,354
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,080
$827.1K
Cap Rate 7%
$590,771
$590.8K
Cap Rate 9%
$459,489
$459.5K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$62.5K $38.40/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$59.1K $36.29/SF
− OpEx
−$17.7K −$10.89/SF
NOI
$41.4K $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%
$827,080
Cap Rate 7%
$590,771
Cap Rate 9%
$459,489
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$516.9K – $689.2K
NOI $41,354 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$535.0K
$468.1K – $624.2K
NOI $37,450 @ 7.0% cap · market cap 7.49%
Theoretical Best
Warehouse
$1.13M
$987.1K – $1.32M
NOI $78,966 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
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 residential units with separate electric and gas metering support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 1129 E Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑family property with approximately 1,628 square feet of building area; Four bedrooms and two bathrooms overall; Each unit has 2 bedrooms, 1 bathroom, a living room, and a kitchen
