2-Unit Residential
For Sale
$830,000
1186 Vyse Avenue, Bronx, NY 10459
The fully vacant property combines a four-bedroom two-level residence with a separate two-bedroom apartment.
Property Size2,100 SF
Price / SF$395.24
Days on Market9
Property Features for 1186 Vyse Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,624
Amenities
First Floor Bedroom
First Floor Full Bath
Open Floorplan
Open Kitchen
Walk-In Closet(s)
Building Details
Building Size
2,100 SF
Year Built
1992
Buildings
1
Units
2
Listing Agency:
Real Broker NY LLC
Listed By:
Mark Sabatini
(855) 450-0442
Source:
Croninreale
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 6:08PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 2,100-square-foot, two-unit residential property is fully vacant. The first-floor and second-floor duplex residence has four bedrooms and two full bathrooms, with natural gas heat and hot water, hydronic baseboard heating, and an in-unit washer and dryer. A separate third-floor apartment offers two bedrooms and uses natural gas heat and hot water with forced-air heating. The building has three full bathrooms overall.
Key Highlights
- Two residential units; both are vacant
- 2,100 square feet
- Four‑bedroom duplex spans the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,343
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$80.6K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.2K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.3K $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%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$690.1K
$603.9K – $805.1K
NOI $48,308 @ 7.0% cap · market cap 5.82%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,861 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,669
Businesses Nearby
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Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
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 fully vacant property combines a four-bedroom two-level residence with a separate two-bedroom apartment.
Where is this duplex located?
The property is located at 1186 Vyse Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Two residential units; both are vacant; 2,100 square feet; Four‑bedroom duplex spans the first and second floors
