Duplex with Finished
For Sale
$994,600
1311 Balcom Avenue, Bronx, NY 10461
Two-family residence with separate utility metering and a finished lower level.
Property Size2,880 SF
Days on Market151
Property Features for 1311 Balcom Avenue
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,491
Building Details
Building Size
2,880 SF
Year Built
1920
Listing Agency:
Key Nest Real Estate, Inc.
Listed By:
Kulsoom Akhtar
(347) 282-9767
Source:
Serhant
Added: May 10
Changed: Oct 5
Last Checked: Oct 5 at 10:07PM
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 Key Nest Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1920, this two-family duplex in the Bronx includes a four-bedroom unit above a three-bedroom unit, along with a full finished basement. The property has three electric meters and three gas meters, supporting its multi-unit configuration.
The second-floor residence is currently occupied by a tenant. The property may be delivered vacant, providing flexibility for an owner-occupant or continued rental use. Located at 1311 Balcom Avenue in Bronx, NY 10461.
The second-floor residence is currently occupied by a tenant. The property may be delivered vacant, providing flexibility for an owner-occupant or continued rental use. Located at 1311 Balcom Avenue in Bronx, NY 10461.
Key Highlights
- Four‑bedroom unit over a three‑bedroom unit
- Full finished basement
- Three electric meters and three gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,157
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,140
$1.5M
Cap Rate 7%
$1,045,100
$1.0M
Cap Rate 9%
$812,856
$812.9K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$110.6K $38.40/SF
− Vacancy
−$6.1K −$2.11/SF
EGI
$104.5K $36.29/SF
− OpEx
−$31.4K −$10.89/SF
NOI
$73.2K $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%
$1,463,140
Cap Rate 7%
$1,045,100
Cap Rate 9%
$812,856
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$914.5K – $1.22M
NOI $73,157 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$946.4K
$828.1K – $1.10M
NOI $66,250 @ 7.0% cap · market cap 6.66%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,695 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,420
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate utility metering and a finished lower level.
Where is this duplex located?
The property is located at 1311 Balcom Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $994,600.
What are key features of this property?
This property features: Four‑bedroom unit over a three‑bedroom unit; Full finished basement; Three electric meters and three gas meters
