Two-Unit Duplex with Finished Lower
New
For Sale
$1,350,000
1366 Siegfried Place, Bronx, NY 10465
Two separate residences include a three-bedroom home and a two-bedroom unit, with additional finished walk-out space below.
Property Size2,700 SF
Price / SF$500
Days on Market3
Property Features for 1366 Siegfried Place
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,839
Amenities
outdoor gazebo
terrace
Finished,See Remarks,Walk-Out Access
Ceramic Tile,Hardwood
3
Yes
5
Oversized Windows
First Floor Bedroom,First Floor Full Bath,Central Vacuum
Finished, See Remarks, Walk-Out Access
Public
No
Driveway
2700
Building Details
Building Size
2,700 SF
Year Built
1925
Listing Agency:
Century 21 Kafcos Realty
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 29
Last Checked: Oct 29 at 2:41PM
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 Century 21 Kafcos Realty
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Investment Insights
Based on property information with market context.
This two-family duplex contains a three-bedroom residence and a separate two-bedroom unit. A fully finished lower level with walk-out access adds further interior space. Oversized windows, ductless air conditioning, two high-efficiency boilers, and both baseboard and radiant heating are among the building’s features. The property was rebuilt four years before the listing remarks were prepared, and the original construction year is 1925.
An outdoor gazebo and a terrace off the first-floor kitchen provide additional exterior areas. The property is located at 1366 Siegfried Place in the Bronx, New York.
An outdoor gazebo and a terrace off the first-floor kitchen provide additional exterior areas. The property is located at 1366 Siegfried Place in the Bronx, New York.
Key Highlights
- Two‑family duplex with separate 3‑bedroom and 2‑bedroom units
- Finished walk‑out lower level
- Rebuilt four years before the listing remarks were prepared; originally built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,584
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,371,680
$1.4M
Cap Rate 7%
$979,771
$979.8K
Cap Rate 9%
$762,044
$762.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$103.7K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$98.0K $36.29/SF
− OpEx
−$29.4K −$10.89/SF
NOI
$68.6K $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%
$1,371,680
Cap Rate 7%
$979,771
Cap Rate 9%
$762,044
Alternative Uses
Best Use
Multifamily LT 5
$979.8K
$857.3K – $1.14M
NOI $68,584 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$887.3K
$776.4K – $1.04M
NOI $62,110 @ 7.0% cap · market cap 4.60%
Theoretical Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,964 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
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Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a three-bedroom home and a two-bedroom unit, with additional finished walk-out space below.
Where is this duplex located?
The property is located at 1366 Siegfried Place Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family duplex with separate 3‑bedroom and 2‑bedroom units; Finished walk‑out lower level; Rebuilt four years before the listing remarks were prepared; originally built in 1925
