Two-Family Duplex with
New
For Sale
$1,750,000
1201 Neill Avenue, Bronx, NY 10461
A finished walk-in level adds a bedroom, full bath, family room, and summer kitchen to the property’s residential configuration.
Property Size3,216 SF
Lot Size0.11 Acres
Price / SF$544.15
Days on Market6
Property Features for 1201 Neill Avenue
General Information
Standard status
Active
Size
3,216 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,400
Amenities
Finished,Full
Hardwood
3
Yes
6
ENERGY STAR Qualified Windows,Insulated Windows,Screens
Entrance Foyer,First Floor Bedroom,Master Downstairs
Finished, Full
No
Fenced
Public
4
Driveway, On Street, Underground
3216
Public Maintained Road
Building Details
Building Size
3,216 SF
Year Built
1960
Buildings
1
Construction
brick
Listing Agency:
Today Realty Corp.
(516) 703-2918
Listed By:
Donna Francavilla
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 2:10AM
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 Today Realty Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached, brick two-family property contains 3,216 square feet and sits on a 50-by-100-foot corner lot. The duplex-style unit includes a five-room middle floor with two bedrooms and a front porch, plus a finished, above-grade walk-in level with a bedroom, full bath, family room, and summer kitchen. A separate top-floor unit has six rooms, three bedrooms, and one bath. A four-foot-high sub-basement provides storage, and the boiler room has its own exterior entrance.
The property includes a two-car garage, a wide driveway, and parking for four cars. The landscaped, fenced lot is near restaurants, shopping, hospitals, highways, and public transportation. Built in 1960, the home is in the Indian Village area of Morris Park in the Bronx.
The property includes a two-car garage, a wide driveway, and parking for four cars. The landscaped, fenced lot is near restaurants, shopping, hospitals, highways, and public transportation. Built in 1960, the home is in the Indian Village area of Morris Park in the Bronx.
Key Highlights
- Detached brick two‑family property with 3,216 square feet
- 50‑by‑100‑foot corner lot in the Indian Village area of Morris Park
- Duplex‑style unit pairs a five‑room middle floor with a finished, above‑grade walk‑in level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,692
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,840
$1.6M
Cap Rate 7%
$1,167,029
$1.2M
Cap Rate 9%
$907,689
$907.7K
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$123.5K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$116.7K $36.29/SF
− OpEx
−$35.0K −$10.89/SF
NOI
$81.7K $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%
$1,633,840
Cap Rate 7%
$1,167,029
Cap Rate 9%
$907,689
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,692 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.06M
$924.8K – $1.23M
NOI $73,980 @ 7.0% cap · market cap 4.23%
Theoretical Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,992 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished walk-in level adds a bedroom, full bath, family room, and summer kitchen to the property’s residential configuration.
Where is this duplex located?
The property is located at 1201 Neill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Detached brick two‑family property with 3,216 square feet; 50‑by‑100‑foot corner lot in the Indian Village area of Morris Park; Duplex‑style unit pairs a five‑room middle floor with a finished, above‑grade walk‑in level
