Two-Story Prewar Duplex Development
1328 University Avenue Bronx, NY 10452
For Sale
$1,900,000
Two-story prewar duplex on an approximately 50 x 100 ft lot, sold as-is with renovation or development possibilities.
Property Size2,320 SF
Lot Size0.11 Acres
Price / SF$818.97
Days on Market18
Property Features for 1328 University Avenue
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Lot size
- 0.11 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1901
Listing Agency:
Elite Home Property Adv LLC
(917) 993-7566
Listed By:
Hua Qiu
(917) 993-7566
Source:
Compass
Added: Jul 7
Changed: Jul 22
Last Checked: Jul 23 at 8:31AM
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 Elite Home Property Adv LLC
Investment Insights
Based on property information with market context.
Located at 1328 University Avenue in the Bronx, this two-story prewar duplex sits on an approximately 50 x 100 ft lot. The property is being sold as-is and is positioned for buyers interested in renovation, expansion, or new development.
The offering is described as being conveniently near public transportation, shopping, schools, parks, and major roadways. Prospective buyers should plan to conduct their own due diligence regarding zoning, development rights, permitted use, buildable square footage, and lot dimensions with their architect and the appropriate municipal agencies.
As a residential income property with a prewar two-story configuration, this site may appeal to investors and developers seeking a flexible project footprint. The seller has not represented additional details beyond the information provided, so any further feasibility work should be confirmed through independent verification.
The offering is described as being conveniently near public transportation, shopping, schools, parks, and major roadways. Prospective buyers should plan to conduct their own due diligence regarding zoning, development rights, permitted use, buildable square footage, and lot dimensions with their architect and the appropriate municipal agencies.
As a residential income property with a prewar two-story configuration, this site may appeal to investors and developers seeking a flexible project footprint. The seller has not represented additional details beyond the information provided, so any further feasibility work should be confirmed through independent verification.
Key Highlights
- Two‑story prewar duplex on an approximately 50 x 100 ft lot
- Brick construction with on‑street exterior features
- Sold as‑is; buyer must independently verify zoning, development rights, and permitted use
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 | $86.3k | $37.20 |
| − Vacancy | −$5.6k | −$2.42 |
| EGI | $80.7k | $34.78 |
| − OpEx | −$24.2k | −$10.43 |
| NOI | $56.5k | $24.35 |
2,320 SF · lease $37.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$806.9K
$706.1K – $941.4K
NOI $56,486 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$744.2K
$651.1K – $868.2K
NOI $52,091 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,184 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-story prewar duplex on an approximately 50 x 100 ft lot, sold as-is with renovation or development possibilities.
Where is this duplex located?
The property is located at 1328 University Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑story prewar duplex on an approximately 50 x 100 ft lot; Brick construction with on‑street exterior features; Sold as‑is; buyer must independently verify zoning, development rights, and permitted use
