Two-Unit Duplex with Private
137 E 235th Street, Bronx, NY 10470
For Sale
$839,000
A one-car garage, two driveway spaces and outdoor garden space complement the two-unit layout.
Property Size1,760 SF
Price / SF$476.70
Days on Market55
Property Features for 137 E 235th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private back garden
First Floor Bedroom
First Floor Full Bath
Washer/Dryer Hookup
Building Details
Building Size
Year Built
Units
Listing Agency:
Daniel Gale Sothebys Intl Rlty
(516) 678-1510
Listed By:
Kenneth A. Nugent CBR
(516) 410-3244
Source:
Clairedleone
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 9 at 1:18PM
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 Daniel Gale Sothebys Intl Rlty
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Investment Insights
Based on property information with market context.
This 1,760-square-foot duplex, built in 1965, is configured as a legal two-family home. The upper apartment has three bedrooms, an open dining and kitchen area, a living room and a renovated bathroom. Its kitchen includes granite countertops, new cabinetry and stainless steel appliances. The ground-floor apartment contains one bedroom, a separate living room, and a renovated kitchen and bathroom. Oak floors and custom millwork are among the interior finishes.
The property includes a one-car garage, two additional driveway parking spaces and a private back garden. Together, the two apartments provide distinct one- and three-bedroom layouts within the same residence.
The property includes a one-car garage, two additional driveway parking spaces and a private back garden. Together, the two apartments provide distinct one- and three-bedroom layouts within the same residence.
Key Highlights
- Legal two‑family duplex with 1,760 square feet
- Upper apartment has 3 bedrooms and an open dining and kitchen area
- Ground‑floor apartment has 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,707
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,140
$894.1K
Cap Rate 7%
$638,671
$638.7K
Cap Rate 9%
$496,744
$496.7K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$67.6K $38.40/SF
− Vacancy
−$3.7K −$2.11/SF
EGI
$63.9K $36.29/SF
− OpEx
−$19.2K −$10.89/SF
NOI
$44.7K $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%
$894,140
Cap Rate 7%
$638,671
Cap Rate 9%
$496,744
Alternative Uses
Best Use
Multifamily LT 5
$638.7K
$558.8K – $745.1K
NOI $44,707 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$578.4K
$506.1K – $674.8K
NOI $40,486 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$839.8K
$734.8K – $979.7K
NOI $58,784 @ 7.0% cap · market cap 7.01%
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
819
Businesses Nearby
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Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Bronx, NY
Properties on Market for Duplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A one-car garage, two driveway spaces and outdoor garden space complement the two-unit layout.
Where is this duplex located?
The property is located at 137 E 235th Street Bronx, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Legal two‑family duplex with 1,760 square feet; Upper apartment has 3 bedrooms and an open dining and kitchen area; Ground‑floor apartment has 1 bedroom
