Brick Two-Family
For Sale
$1,299,000
1309 Seneca Ave, Bronx, NY 10474
Semi-detached residential income property with a finished basement, driveway, and one vacant residential level.
Property Size2,680 SF
Price / SF$484.70
Days on Market91
Property Features for 1309 Seneca Ave
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 4BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Construction
brick semi-detached
Listing Agency:
Safeway Realty Corp
Listed By:
Guerys Mojica · License #31MO1022056
(917) 662-4779
Source:
Searchhomesinlongisland
Added: Jul 15
Changed: Oct 1
Last Checked: Oct 12 at 8:04PM
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 Safeway Realty Corp
Investment Insights
Based on property information with market context.
This 1925-built duplex is a brick, semi-detached two-family property with separate residential levels. The first floor contains three bedrooms and 1.5 bathrooms and is currently rented. The second floor offers four bedrooms and one bathroom and is vacant. A full finished basement adds additional interior space, while the property also includes a driveway.
The property is located near shops and transportation along Seneca Avenue in the Bronx. The second-floor vacancy provides immediate flexibility for occupancy or leasing, and the property may be delivered vacant at closing.
The property is located near shops and transportation along Seneca Avenue in the Bronx. The second-floor vacancy provides immediate flexibility for occupancy or leasing, and the property may be delivered vacant at closing.
Key Highlights
- Two‑family brick, semi‑detached duplex built in 1925
- First floor includes 3 bedrooms and 1.5 bathrooms
- Vacant second floor has 4 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,076
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,520
$1.4M
Cap Rate 7%
$972,514
$972.5K
Cap Rate 9%
$756,400
$756.4K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$102.9K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$97.3K $36.29/SF
− OpEx
−$29.2K −$10.89/SF
NOI
$68.1K $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%
$1,361,520
Cap Rate 7%
$972,514
Cap Rate 9%
$756,400
Alternative Uses
Best Use
Multifamily LT 5
$972.5K
$851.0K – $1.13M
NOI $68,076 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$880.7K
$770.6K – $1.03M
NOI $61,650 @ 7.0% cap · market cap 4.75%
Theoretical Best
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,994 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached residential income property with a finished basement, driveway, and one vacant residential level.
Where is this duplex located?
The property is located at 1309 Seneca Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family brick, semi‑detached duplex built in 1925; First floor includes 3 bedrooms and 1.5 bathrooms; Vacant second floor has 4 bedrooms and 1 bathroom
