Brick Duplex with Private Driveway and
New
For Sale
$1,288,000
1194 Lydig Avenue, Bronx, NY 10461
MULTI_FAMILY - Bronx, NY
Property Size4,000 SF
Lot Size0.07 Acres
Price / SF$322
Days on Market7
Property Features for 1194 Lydig Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Basement, Bedroom 7
Parking features
Garage, Driveway
Basement
Walk-Out Access, Finished
Elementary school
Ps 108 Philip J Abinanti
Middle school
Jhs 144 Michelangelo
High school
Pelham Preparatory Academy
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Standard status
Active
APN
04309-0006
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10285
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Multi Units, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1942
Number of units
2
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Xiao Feng Pan CBR
(718) 899-7000
Added: Jul 27
Changed: Jul 30
Last Checked: Aug 2 at 5:06AM
MLS# 1031186
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick legal 2-dwelling duplex at 1194 Lydig Avenue, built in 1942 and served by public water and public sewer. The home offers approximately 4,000 sq. ft. of living space with 7 bedrooms and 3 full bathrooms, creating flexible layout options for owner-occupants and investors. Natural gas heating is provided, with cooling via window and wall/window unit(s) across the property.
The residence includes a private driveway and an attached garage, adding convenient off-street parking. Set on a quiet residential block in Morris Park, it is positioned for day-to-day access to neighborhood shopping, restaurants, schools, parks, and other conveniences. Public transportation and major roadways are also described as offering commuter-friendly connectivity.
Lot size is approximately 0.0727 acres.
The residence includes a private driveway and an attached garage, adding convenient off-street parking. Set on a quiet residential block in Morris Park, it is positioned for day-to-day access to neighborhood shopping, restaurants, schools, parks, and other conveniences. Public transportation and major roadways are also described as offering commuter-friendly connectivity.
Lot size is approximately 0.0727 acres.
Key Highlights
- Approximately 4,000 sq. ft. across 2 dwellings with 7 bedrooms and 3 full bathrooms
- Brick construction and natural gas heating
- Private driveway plus attached garage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $38.40 |
| − Vacancy | −$8.4k | −$2.11 |
| EGI | $145.2k | $36.29 |
| − OpEx | −$43.5k | −$10.89 |
| NOI | $101.6k | $25.40 |
4,000 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,606 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,015 @ 7.0% cap · market cap 7.14%
Theoretical Best
Warehouse
$2.77M
$2.43M – $3.23M
NOI $194,020 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,916
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick legal two-dwelling duplex with private driveway, attached garage, and public water and sewer in the Bronx.
Where is this duplex located?
The property is located at 1194 Lydig Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Approximately 4,000 sq. ft. across 2 dwellings with 7 bedrooms and 3 full bathrooms; Brick construction and natural gas heating; Private driveway plus attached garage
