1723 Melville St The, Bronx, NY 10460
Two-family home with flexible layout, backyard, and convenient location.
- Added:
- Apr 28, 2026
- Days on Market:
- 54
- Last Refresh:
- Apr 28 at 1:45 am
Property Features for 1723 Melville St The
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1910
Listing agent Paul Magyar License #10401271927 (914) 843-8266
Listing office Exit Realty Power (914) 843-8266
Listing date Apr 28, 2026
Source Elliman
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 Exit Realty Power
HighLights
- Excellent Transit Score (94): Rider's Paradise, with easy access to the 2 and 5 trains, multiple bus routes, Bronx River Parkway, and Cross Bronx Expressway.
- Spacious, Detached 2‑Family Home: Offers over 2100 sq ft of living space with layout flexibility.
- Two Units, Each with 4 Bedrooms and 1 Bathroom: Provides ample living space and potential rental income.
- Large, Semi‑Finished Basement: Offers potential for recreation, storage, laundry, and customization.
- Private Backyard: Ideal for outdoor entertaining, gardening, and relaxation.
- High Walk Score (91) and Bike Score (82): Walker's Paradise and Very Bikeable, close to shops, schools, restaurants, and parks.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.6k | $38.40 |
| − Vacancy | −$4.4k | −$2.11 |
| EGI | $76.2k | $36.29 |
| − OpEx | −$22.9k | −$10.89 |
| NOI | $53.3k | $25.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.870151
- Latitude
- 40.841979