Two-Family Duplex with Finished
1768 GLEASON Avenue, Bronx, NY 10472
For Sale
$1,400,000
Two residential levels each offer three bedrooms, a full bath, living and dining rooms, and an eat-in kitchen.
Property Size2,100 SF
Price / SF$666.67
Days on Market22
Property Features for 1768 GLEASON Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
MYNY Residential
Listed By:
Jo-Sar Asher Davis-Dacio
(646) 721-4779
Source:
Howardhannanyc
Added: Oct 19
Changed: Nov 9
Last Checked: Nov 8 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 MYNY Residential
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 2,100 square feet and was built in 2008. Both residential floors have three bedrooms, one full bathroom, a living room, a dining room, and an eat-in kitchen. A finished basement adds further interior space for recreation or storage.
The property is at 1768 Gleason Avenue in the Parkchester section of the Bronx, New York.
The property is at 1768 Gleason Avenue in the Parkchester section of the Bronx, New York.
Key Highlights
- Legal two‑family residence
- Each floor has 3 bedrooms, 1 full bathroom, living room, dining room, and eat‑in kitchen
- Full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,343
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$80.6K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.2K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.3K $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%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$690.1K
$603.9K – $805.1K
NOI $48,308 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.00M
$876.8K – $1.17M
NOI $70,140 @ 7.0% cap · market cap 5.01%
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
3,053
Businesses Nearby
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Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value
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Market
Average Price Trend$/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 - Two residential levels each offer three bedrooms, a full bath, living and dining rooms, and an eat-in kitchen.
Where is this duplex located?
The property is located at 1768 GLEASON Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Legal two‑family residence; Each floor has 3 bedrooms, 1 full bathroom, living room, dining room, and eat‑in kitchen; Full finished basement
