Renovated Two-Unit Residential
For Sale
$850,000
1210 Lakewood Place, Bronx, NY 10461
Two-unit multifamily with renovated kitchen upgrades, skylights, patio, and a fenced backyard.
Property Size1,757 SF
Price / SF$483.78
Days on Market66
Property Features for 1210 Lakewood Place
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
screened-in porch
private patio
fenced-in backyard
solar panels
skylights
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Stephen Kaufman Real Estate
(646) 216-8408
Listed By:
Gheri Christon-Kaufman
(646) 216-8408
Source:
Compass
Added: May 28
Changed: Jul 21
Last Checked: Aug 1 at 12:38PM
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 Stephen Kaufman Real Estate
Investment Insights
Based on property information with market context.
This two-unit residential income property is described as well-maintained and newly renovated, featuring an open-concept kitchen and dining area. The main unit includes two bedrooms with closets and an updated bathroom, along with skylights for natural light. The lower-level unit offers an open-concept kitchen with a play area and natural wood paneling, plus a screened-in porch that can support uses such as storage, a playroom, a home office, or a workout space.
Outside, the property includes a private patio area and an oversized fenced-in backyard for outdoor entertaining and relaxation. Reported upgrades include a new roof, skylights, stone pavers, brick work, and solar panels.
The home is being sold as stated in the Certificate of Occupancy, and the listing notes the information is believed accurate but not warranted.
Outside, the property includes a private patio area and an oversized fenced-in backyard for outdoor entertaining and relaxation. Reported upgrades include a new roof, skylights, stone pavers, brick work, and solar panels.
The home is being sold as stated in the Certificate of Occupancy, and the listing notes the information is believed accurate but not warranted.
Key Highlights
- Two‑unit multifamily home with an open‑concept kitchen and dining area plus quartz/quartzite countertops
- Newly renovated kitchen includes stainless steel appliances and a Sub‑Zero refrigerator
- Skylights and double pane windows for added natural light throughout the home
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 | $67.5k | $38.40 |
| − Vacancy | −$3.7k | −$2.11 |
| EGI | $63.8k | $36.29 |
| − OpEx | −$19.1k | −$10.89 |
| NOI | $44.6k | $25.40 |
1,757 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$637.6K
$557.9K – $743.9K
NOI $44,631 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$577.4K
$505.2K – $673.6K
NOI $40,417 @ 7.0% cap · market cap 4.75%
Theoretical Best
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,223 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
5,073
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 - Two-unit multifamily with renovated kitchen upgrades, skylights, patio, and a fenced backyard.
Where is this duplex located?
The property is located at 1210 Lakewood Place 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‑unit multifamily home with an open‑concept kitchen and dining area plus quartz/quartzite countertops; Newly renovated kitchen includes stainless steel appliances and a Sub‑Zero refrigerator; Skylights and double pane windows for added natural light throughout the home
