Brick Two-Family
For Sale
$999,999
1176 Lydig Ave The, Bronx, NY 10461
Tenant-occupied one-bedroom apartment provides current rental income and added flexibility for an owner or investor.
Property Size2,841 SF
Price / SF$351.99
Days on Market40
Property Features for 1176 Lydig Ave The
General Information
Standard status
Active
Size
2,841 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,343
Building Details
Building Size
2,841 SF
Year Built
1925
Buildings
1
Units
2
Construction
brick
Listing Agency:
Real Broker NY LLC
Listed By:
Shpresa Camaj
(917) 645-6629
Source:
Elliman
Added: Aug 28
Changed: Sep 30
Last Checked: Oct 5 at 7:21PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
1176 Lydig Avenue is a brick two-family property with approximately 2,841 square feet of total living space. The primary residence is arranged as a three-bedroom, 1.5-bathroom duplex with more than 2,000 square feet, while the separate one-bedroom apartment contains over 700 square feet. The apartment is tenant occupied without a lease in place, supporting rental income and flexible ownership options.
The property is within walking distance of the Morris Park 5 train station, with access to Manhattan and destinations throughout the Bronx. Jacobi Medical Center, Albert Einstein College of Medicine, and Montefiore Einstein Campus are nearby. An additional Morris Park Metro North station is expected to begin service in 2027 through the Penn Station Access project. Neighborhood shopping, restaurants, schools, parks, major roadways, and public transportation are also close by.
The property is within walking distance of the Morris Park 5 train station, with access to Manhattan and destinations throughout the Bronx. Jacobi Medical Center, Albert Einstein College of Medicine, and Montefiore Einstein Campus are nearby. An additional Morris Park Metro North station is expected to begin service in 2027 through the Penn Station Access project. Neighborhood shopping, restaurants, schools, parks, major roadways, and public transportation are also close by.
Key Highlights
- Two‑family brick property with approximately 2,841 square feet of total living space
- Main residence includes a 3‑bedroom, 1.5‑bathroom duplex with over 2,000 square feet
- Separate 1‑bedroom apartment offers over 700 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,166
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,320
$1.4M
Cap Rate 7%
$1,030,943
$1.0M
Cap Rate 9%
$801,844
$801.8K
Market Conditions
NOI Build-Up for 2,841 SF
Gross rent
$109.1K $38.40/SF
− Vacancy
−$6.0K −$2.11/SF
EGI
$103.1K $36.29/SF
− OpEx
−$30.9K −$10.89/SF
NOI
$72.2K $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%
$1,443,320
Cap Rate 7%
$1,030,943
Cap Rate 9%
$801,844
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$902.1K – $1.20M
NOI $72,166 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$933.6K
$816.9K – $1.09M
NOI $65,353 @ 7.0% cap · market cap 6.54%
Theoretical Best
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,803 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,916
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
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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 - Tenant-occupied one-bedroom apartment provides current rental income and added flexibility for an owner or investor.
Where is this duplex located?
The property is located at 1176 Lydig Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑family brick property with approximately 2,841 square feet of total living space; Main residence includes a 3‑bedroom, 1.5‑bathroom duplex with over 2,000 square feet; Separate 1‑bedroom apartment offers over 700 square feet
