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    2920 Ely Ave, Unit The Bronx, NY 10469

    For Sale
    $850,000

    Well-maintained two-family brick home in the Baychester section of the Bronx.

    Lot size:
    0.05 Acres

    Property Features for 2920 Ely Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    2004

    Source: NYC Empire Realty Inc. Agent Gerald L. Boone Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Family Home in Baychester, Bronx

    Located in the Baychester section of the Bronx, 2920 Ely Avenue is a well-maintained two-family brick home. Each unit features a legal 3-bedroom, 2-bath layout, along with bonus rooms suitable for work-from-home setups, guest rooms, or rental expansion. The property also includes a complete finished basement. Modern finishes and spacious living areas are present throughout the home, which is situated on a quiet residential block. The property offers nearby access to the 5 train, major highways (I-95 & Hutchinson Pkwy), Bay Plaza Mall, and schools. The property is being sold as is.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.83585
    Latitude
    40.870525

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family brick home in the Baychester section of the Bronx.
    Where is this duplex located?
    The property is located at 2920 Ely Ave, Unit The Bronx, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Two legal units, each with 3 bedrooms and 2 bathrooms, offering immediate rental income potential or multi-generational living.; - Finished basement provides additional living space and potential for customization.; - Convenient location with easy access to the 5 train, I-95, Hutchinson Pkwy, and Bay Plaza Mall.
    (718) 637-1433
    Request Owner's contact information
    2920 Ely Ave, Unit The Bronx, NY 10469
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2920 Ely Ave, Unit The Bronx, NY 10469
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