Two-Family with
For Sale
$1,695,000
1242 Castle Hill Avenue, Bronx, NY 10462
MULTI_FAMILY - Bronx, NY
Property Size4,800 SF
Price / SF$353.13
Days on Market90
Property Features for 1242 Castle Hill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
East Bronx
Standard status
Active
Utilities
Water source
Public
Building Details
Building materials
Brick
Roof type
Flat
Listing Agency:
COUNTRYWIDE REAL ESTATE INC
(718) 863-2900
Listed By:
Harry Sanichara
Added: May 4
Changed: Jul 2
Last Checked: Aug 1 at 5:06PM
MLS# 11738757
Copyright © 2026 My State 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.
This property is a two-family building with a retail storefront on the first level and residential units on the second and third floors. The first unit includes a 1,200 sq ft store with full access to a 1,200 sq ft basement. The second floor features a 1,200 sq ft four-bedroom apartment with one full bathroom. The third floor also provides a 1,200 sq ft four-bedroom apartment with one full bathroom. The total building size is 4,800 sq ft.
Located on Castle Hill Avenue in the Bronx, the property is described as being close to a train station, supporting convenient day-to-day access for both retail and residential tenants.
For buyers seeking a combination of income streams, the building offers a practical live-and-work style setup: retail space with basement storage or back-of-house flexibility at street level, paired with two separate four-bedroom, one-bath apartments above. The straightforward unit mix may appeal to owner-occupants and investors looking for a property with multiple rental components under one roof.
Located on Castle Hill Avenue in the Bronx, the property is described as being close to a train station, supporting convenient day-to-day access for both retail and residential tenants.
For buyers seeking a combination of income streams, the building offers a practical live-and-work style setup: retail space with basement storage or back-of-house flexibility at street level, paired with two separate four-bedroom, one-bath apartments above. The straightforward unit mix may appeal to owner-occupants and investors looking for a property with multiple rental components under one roof.
Key Highlights
- Two‑family building with approx. 4,800 sq ft total construction area
- First floor includes a 1,200 sq ft store with full access to a 1,200 sq ft basement
- Second floor features a 1,200 sq ft, four‑bedroom apartment with 1 full bathroom
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 | $175.7k | $36.60 |
| − Vacancy | −$9.2k | −$1.91 |
| EGI | $166.5k | $34.69 |
| − OpEx | −$50.0k | −$10.41 |
| NOI | $116.6k | $24.28 |
4,800 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.94M
NOI $116,557 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,883 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,321 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
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 - Mixed-use two-family property with a street-level store and two four-bedroom apartments above.
Where is this duplex located?
The property is located at 1242 Castle Hill Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Two‑family building with approx. 4,800 sq ft total construction area; First floor includes a 1,200 sq ft store with full access to a 1,200 sq ft basement; Second floor features a 1,200 sq ft, four‑bedroom apartment with 1 full bathroom
