Duplex Property with Three-Car
1406 Oakley Street, Bronx, NY 10469
For Sale
New
$1,399,000
Two apartments offer five-bedroom and three-bedroom layouts, with a first-floor unit extending into the lower level.
Property Size4,640 SF
Lot Size0.17 Acres
Price / SF$301.51
Days on Market5
Property Features for 1406 Oakley Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
wall A/C units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Jeffrey Landsman · License #30LA0928313
(917) 859-0331
Source:
Shawmetro
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 6:04PM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
This two-family property contains 4,640 square feet and was built in 1965. The first-floor apartment spans the lower level and includes five bedrooms and three bathrooms; a separate second-floor apartment has three bedrooms. Oversized rooms and multiple wall-mounted air-conditioning units are among the building’s interior features.
The detached corner property sits on a 7,425-square-foot lot measuring 77 feet by 95 feet. Parking includes three spaces at the front of the house and a three-car garage on the side. The roof and furnace are both 12 years old.
The detached corner property sits on a 7,425-square-foot lot measuring 77 feet by 95 feet. Parking includes three spaces at the front of the house and a three-car garage on the side. The roof and furnace are both 12 years old.
Key Highlights
- Two‑family property with 4,640 square feet of building area
- First‑floor duplex apartment has 5 bedrooms and 3 bathrooms; second‑floor apartment has 3 bedrooms
- Detached corner property on a 7,425‑square‑foot lot measuring 77 feet by 95 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,863
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,357,260
$2.4M
Cap Rate 7%
$1,683,757
$1.7M
Cap Rate 9%
$1,309,589
$1.3M
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$178.2K $38.40/SF
− Vacancy
−$9.8K −$2.11/SF
EGI
$168.4K $36.29/SF
− OpEx
−$50.5K −$10.89/SF
NOI
$117.9K $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%
$2,357,260
Cap Rate 7%
$1,683,757
Cap Rate 9%
$1,309,589
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,863 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,737 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,977 @ 7.0% cap · market cap 11.08%
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
2,068
Businesses Nearby
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Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
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Market
Average Price Trend$/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 - Two apartments offer five-bedroom and three-bedroom layouts, with a first-floor unit extending into the lower level.
Where is this duplex located?
The property is located at 1406 Oakley Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family property with 4,640 square feet of building area; First‑floor duplex apartment has 5 bedrooms and 3 bathrooms; second‑floor apartment has 3 bedrooms; Detached corner property on a 7,425‑square‑foot lot measuring 77 feet by 95 feet
