Two-Unit Brick
For Sale
$1,500,000
1611 Hering Avenue, Bronx, NY 10461
Two apartments are complemented by a partly finished basement with a summer kitchen.
Property Size1,736 SF
Price / SF$864.06
Days on Market37
Property Features for 1611 Hering Avenue
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Public Transit
Yes
Building Details
Year Built
1930
Construction
brick/masonry
Listing Agency:
CAROZZA NICHOLAS M
Listed By:
Nicholas Carozza
(718) 931-0140
Source:
Gosenproperties
Added: Sep 25
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
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 CAROZZA NICHOLAS M
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,736-square-foot brick duplex contains two apartments and a partially finished basement with a summer kitchen. A private garage and driveway provide additional on-site parking, with street parking also noted.
At 1611 Hering Avenue in the Bronx, the property is within walking distance of Montefiore/Einstein Hospital and a college, as well as public transportation, schools, and shopping.
At 1611 Hering Avenue in the Bronx, the property is within walking distance of Montefiore/Einstein Hospital and a college, as well as public transportation, schools, and shopping.
Key Highlights
- Two apartments in a 1,736‑square‑foot brick building
- Partially finished basement includes a summer kitchen
- Private garage and driveway, plus street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,097
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,940
$881.9K
Cap Rate 7%
$629,957
$630.0K
Cap Rate 9%
$489,967
$490.0K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$66.7K $38.40/SF
− Vacancy
−$3.7K −$2.11/SF
EGI
$63.0K $36.29/SF
− OpEx
−$18.9K −$10.89/SF
NOI
$44.1K $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%
$881,940
Cap Rate 7%
$629,957
Cap Rate 9%
$489,967
Alternative Uses
Best Use
Multifamily LT 5
$630.0K
$551.2K – $735.0K
NOI $44,097 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.6K
NOI $39,934 @ 7.0% cap · market cap 2.66%
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,205 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,694
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are complemented by a partly finished basement with a summer kitchen.
Where is this duplex located?
The property is located at 1611 Hering Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two apartments in a 1,736‑square‑foot brick building; Partially finished basement includes a summer kitchen; Private garage and driveway, plus street parking
