Two-Family Duplex with Finished
For Sale
$1,599,000
1716 Fowler Avenue, Bronx, NY 10462
Two finished basement areas add flexible living space to the property's two-family configuration.
Property Size3,906 SF
Price / SF$409.37
Days on Market11
Property Features for 1716 Fowler Avenue
General Information
Standard status
Active
Size
3,906 SF
Property subtype
Residential Income
Additional Details
Asking Price
$1,599,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,989
Amenities
Full
2
No
Yes
First Floor Bedroom,First Floor Full Bath,Ceiling Fan(s),Other
Public
Off Site, Off Street, On Street, Other
3906
Building Details
Building Size
3,906 SF
Year Built
1920
Listing Agency:
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 2:34PM
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 Sooyeon (Kelly) Moon
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal two-family residence in the Bronx includes two finished basement areas in addition to its primary apartments. The property was built in 1920 and is located in the Morris Park area.
Train service, shopping, hospitals, medical facilities, restaurants, schools, and major highways are described as a short distance away.
Train service, shopping, hospitals, medical facilities, restaurants, schools, and major highways are described as a short distance away.
Key Highlights
- Legal two‑family residence
- Two finished living areas in the basement
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,848
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,896,960
$1.9M
Cap Rate 7%
$1,354,971
$1.4M
Cap Rate 9%
$1,053,867
$1.1M
Market Conditions
NOI Build-Up for 3,906 SF
Gross rent
$143.0K $36.60/SF
− Vacancy
−$7.5K −$1.91/SF
EGI
$135.5K $34.69/SF
− OpEx
−$40.6K −$10.41/SF
NOI
$94.8K $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%
$1,896,960
Cap Rate 7%
$1,354,971
Cap Rate 9%
$1,053,867
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.19M – $1.58M
NOI $94,848 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,535 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,461 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
5,214
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two finished basement areas add flexible living space to the property's two-family configuration.
Where is this duplex located?
The property is located at 1716 Fowler Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Legal two‑family residence; Two finished living areas in the basement; Built in 1920
