Two-Family
For Sale
$929,000
1660 Jarvis Avenue, Bronx, NY 10461
Two residential units include a three-bedroom upper-level home and a separate one-bedroom ground-floor apartment.
Property Size2,189 SF
Price / SF$424.39
Days on Market47
Property Features for 1660 Jarvis Avenue
General Information
Standard status
Active
Size
2,189 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1.5BA duplex, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,545
Amenities
paved backyard
backyard deck
First Floor Bedroom
First Floor Full Bath
Walk-In Closet(s)
Building Details
Building Size
2,189 SF
Year Built
1950
Buildings
1
Units
2
Listing Agency:
Han Tang Realty Inc.
(718) 513-1111
Listed By:
Alex S. Huang
(347) 989-5882
Source:
Jwsrealtygroup
Added: Sep 15
Changed: Oct 30
Last Checked: Oct 30 at 2:27PM
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 Han Tang Realty Inc.
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Investment Insights
Based on property information with market context.
This two-family property, constructed in 1950, has a 2,189-square-foot building on a 23' x 100' lot. The upper residence spans the first and second floors, with three bedrooms, an updated full bathroom, living room, open kitchen, dining area, and half bathroom. A deck connects the dining area to the paved backyard. The ground-floor apartment contains one bedroom and one full bathroom. A new oil boiler serves the property.
PS 071 is directly across Jarvis Avenue. The property is also near Pelham Bay Library, the post office, shops, restaurants, MTA bus service, and the Buhre Avenue station on the MTA #6 train.
PS 071 is directly across Jarvis Avenue. The property is also near Pelham Bay Library, the post office, shops, restaurants, MTA bus service, and the Buhre Avenue station on the MTA #6 train.
Key Highlights
- Two‑family property with a 2,189‑square‑foot building
- 23' x 100' lot
- Upper apartment has 3 bedrooms and an updated full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,604
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,080
$1.1M
Cap Rate 7%
$794,343
$794.3K
Cap Rate 9%
$617,822
$617.8K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$84.1K $38.40/SF
− Vacancy
−$4.6K −$2.11/SF
EGI
$79.4K $36.29/SF
− OpEx
−$23.8K −$10.89/SF
NOI
$55.6K $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%
$1,112,080
Cap Rate 7%
$794,343
Cap Rate 9%
$617,822
Alternative Uses
Best Use
Multifamily LT 5
$794.3K
$695.1K – $926.7K
NOI $55,604 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$719.4K
$629.4K – $839.3K
NOI $50,355 @ 7.0% cap · market cap 5.42%
Theoretical Best
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,178 @ 7.0% cap · market cap 11.43%
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
2,307
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 residential units include a three-bedroom upper-level home and a separate one-bedroom ground-floor apartment.
Where is this duplex located?
The property is located at 1660 Jarvis Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two‑family property with a 2,189‑square‑foot building; 23' x 100' lot; Upper apartment has 3 bedrooms and an updated full bathroom
