Two-Family Duplex with
For Sale
$970,000
1716 Parkview Avenue, Bronx, NY 10461
The detached residence contains two three-bedroom apartments, each with one full bathroom, plus basement space.
Property Size2,720 SF
Price / SF$356.62
Days on Market77
Property Features for 1716 Parkview Avenue
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,540
Building Details
Building Size
2,720 SF
Year Built
1920
Buildings
1
Listing Agency:
Elite Real Estate Group 1 LLC
Listed By:
Musa Balidemaj · License #10491203878
(718) 684-6642
Source:
Thedecurtisgroup
Added: Aug 17
Changed: Nov 1
Last Checked: Nov 1 at 1:40AM
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 Elite Real Estate Group 1 LLC
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Investment Insights
Based on property information with market context.
This detached, legal two-family property contains 2,720 square feet and was built in 1920. Its two apartments each have three bedrooms and one full bathroom. A large deck serves the upper residence, and the building also includes a basement; the available information describes its finish level inconsistently.
The property is in the Pelham Bay area of the Bronx, near shopping, public transportation, highways, and Pelham Bay Park.
The property is in the Pelham Bay area of the Bronx, near shopping, public transportation, highways, and Pelham Bay Park.
Key Highlights
- Legal two‑family property with two three‑bedroom, one‑bathroom apartments
- 2,720 square feet on a detached building footprint
- Large deck above the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,092
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,381,840
$1.4M
Cap Rate 7%
$987,029
$987.0K
Cap Rate 9%
$767,689
$767.7K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$104.4K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$98.7K $36.29/SF
− OpEx
−$29.6K −$10.89/SF
NOI
$69.1K $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%
$1,381,840
Cap Rate 7%
$987,029
Cap Rate 9%
$767,689
Alternative Uses
Best Use
Multifamily LT 5
$987.0K
$863.7K – $1.15M
NOI $69,092 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$893.9K
$782.1K – $1.04M
NOI $62,570 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,934 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,634
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The detached residence contains two three-bedroom apartments, each with one full bathroom, plus basement space.
Where is this duplex located?
The property is located at 1716 Parkview Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Legal two‑family property with two three‑bedroom, one‑bathroom apartments; 2,720 square feet on a detached building footprint; Large deck above the basement
