Two-Family Brick
For Sale
$825,000
1238 Manor Avenue, Bronx, NY 10472
Vacant and configured with two matching apartments plus a finished basement.
Property Size1,392 SF
Price / SF$592.67
Days on Market29
Property Features for 1238 Manor Avenue
General Information
Standard status
Active
Size
1,392 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,620
Amenities
finshed basement
High Ceilings
Soaking Tub
Building Details
Building Size
1,392 SF
Year Built
1920
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
YourHomeSold Guaranteed Realty
(718) 324-6060
Listed By:
Rofi Ahmed · License #10401227423
(347) 961-4153
Source:
Halknopfrealty
Added: Oct 3
Changed: Oct 30
Last Checked: Oct 29 at 10:05PM
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 YourHomeSold Guaranteed Realty
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Investment Insights
Based on property information with market context.
This brick duplex contains two matching apartments, one on each of its first two floors. Each unit has two bedrooms, a full bathroom, a combined living and dining room, and a kitchen. The finished basement adds further interior space. The 1,392-square-foot property was built in 1920 and is offered vacant, with delivery at closing in its current as-is condition.
An attached driveway accommodates 3–4 cars. The home is on Manor Avenue in the Soundview section of the Bronx, near public transportation, shopping, and dining.
An attached driveway accommodates 3–4 cars. The home is on Manor Avenue in the Soundview section of the Bronx, near public transportation, shopping, and dining.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Matching layouts include combined living and dining rooms and kitchens
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,359
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,180
$707.2K
Cap Rate 7%
$505,129
$505.1K
Cap Rate 9%
$392,878
$392.9K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$53.5K $38.40/SF
− Vacancy
−$2.9K −$2.11/SF
EGI
$50.5K $36.29/SF
− OpEx
−$15.2K −$10.89/SF
NOI
$35.4K $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%
$707,180
Cap Rate 7%
$505,129
Cap Rate 9%
$392,878
Alternative Uses
Best Use
Multifamily LT 5
$505.1K
$442.0K – $589.3K
NOI $35,359 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$457.4K
$400.3K – $533.7K
NOI $32,021 @ 7.0% cap · market cap 3.88%
Theoretical Best
Warehouse
$964.6K
$844.0K – $1.13M
NOI $67,519 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,604
Businesses Nearby
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Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
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 - Vacant and configured with two matching apartments plus a finished basement.
Where is this duplex located?
The property is located at 1238 Manor Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Matching layouts include combined living and dining rooms and kitchens; Finished basement
