Duplex with Five-Car
1716 Barnes Ave, Bronx, NY 10462
For Sale
$799,000
Vacant two-family property with R5 zoning and a full renovation required before occupancy.
Property Size2,520 SF
Lot Size0.11 Acres
Price / SF$317.06
Days on Market35
Property Features for 1716 Barnes Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Listing Agency:
Westchester Realty Consultants
Listed By:
William Chester
(914) 630-5522
Source:
Jaida.mappmyhome
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 6:53AM
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 Westchester Realty Consultants
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,520-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The property is vacant and requires a full renovation. A separate garage provides five vehicle spaces, arranged in two 2-car bays and one 1-car bay. The property is being sold as-is.
The 50-by-95-foot lot is near subway service, shopping, Bronx Park, and Pelham Parkway. R5 zoning applies.
The 50-by-95-foot lot is near subway service, shopping, Bronx Park, and Pelham Parkway. R5 zoning applies.
Key Highlights
- Two units, each with 2 bedrooms and 1 bath
- 2,520 square feet; built in 1925
- Separate 5‑car garage with two 2‑car bays and one 1‑car bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,192
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,840
$1.2M
Cap Rate 7%
$874,171
$874.2K
Cap Rate 9%
$679,911
$679.9K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$92.2K $36.60/SF
− Vacancy
−$4.8K −$1.91/SF
EGI
$87.4K $34.69/SF
− OpEx
−$26.2K −$10.41/SF
NOI
$61.2K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,840
Cap Rate 7%
$874,171
Cap Rate 9%
$679,911
Alternative Uses
Best Use
Multifamily LT 5
$874.2K
$764.9K – $1.02M
NOI $61,192 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$779.1K
$681.7K – $909.0K
NOI $54,539 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,169 @ 7.0% cap · market cap 10.53%
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
3,116
Businesses Nearby
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Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
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Market
Average Price Trend$/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 - Vacant two-family property with R5 zoning and a full renovation required before occupancy.
Where is this duplex located?
The property is located at 1716 Barnes Ave Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; 2,520 square feet; built in 1925; Separate 5‑car garage with two 2‑car bays and one 1‑car bay
