Two-Family Duplex with
1711 Hobart Ave, Bronx, NY 10461
For Sale
$895,000
Both residences include a den, while the lower level adds separate living space and a summer kitchen.
Property Size1,800 SF
Price / SF$497.22
Days on Market29
Property Features for 1711 Hobart Ave
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Heidi Oliver · License #40OL0989548
(914) 328-8400
Source:
Searchhomesinlongisland
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 7:33AM
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 1,800-square-foot duplex, built in 1930, contains two residences. Each unit has two bedrooms, one full bathroom, a den, and hardwood flooring. The lower level provides additional space with a summer kitchen, full bathroom, and bonus room. A backyard completes the property.
The home is at 1711 Hobart Ave in the Pelham Bay section of the Bronx. Shopping, restaurants, schools, major highways, and public transportation are nearby, including the No. 6 subway line.
The home is at 1711 Hobart Ave in the Pelham Bay section of the Bronx. Shopping, restaurants, schools, major highways, and public transportation are nearby, including the No. 6 subway line.
Key Highlights
- Two units, each with two bedrooms, one full bathroom, and a den
- 1,800 square feet; built in 1930
- Lower level includes a summer kitchen, full bathroom, and bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,723
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,460
$914.5K
Cap Rate 7%
$653,186
$653.2K
Cap Rate 9%
$508,033
$508.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$69.1K $38.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$65.3K $36.29/SF
− OpEx
−$19.6K −$10.89/SF
NOI
$45.7K $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%
$914,460
Cap Rate 7%
$653,186
Cap Rate 9%
$508,033
Alternative Uses
Best Use
Multifamily LT 5
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$591.5K
$517.6K – $690.1K
NOI $41,407 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,307
Businesses Nearby
Explore this area
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
$640,400
Median Home Value
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Market
Average Price Trend$/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 - Both residences include a den, while the lower level adds separate living space and a summer kitchen.
Where is this duplex located?
The property is located at 1711 Hobart Ave Bronx, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two units, each with two bedrooms, one full bathroom, and a den; 1,800 square feet; built in 1930; Lower level includes a summer kitchen, full bathroom, and bonus room
