Brick Two-Family
For Sale
$649,000
1842 Schieffelin Ave TWN The, Bronx, NY 10466
Separate utility connections support a two-unit layout with outdoor access, a porch, garage, and driveway.
Property Size1,806 SF
Days on Market26
Property Features for 1842 Schieffelin Ave TWN The
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
in need of some TLC
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 bed, 1.5 bath, 1 bed, 1 bath
Multifamily Units
2
Amenities
backyard access
porch
garage with a driveway
Building Details
Building Size
1,806 SF
Year Built
1950
Units
2
Construction
brick
Listing Agency:
Keller Williams NYC
Listed By:
Danielle Jernigan
(212) 838-3700
Source:
Elliman
Added: Sep 11
Changed: Sep 25
Last Checked: Oct 5 at 7:46PM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
Built in 1950, this brick duplex contains two distinct residential units: one with 3 bedrooms and 1.5 baths, and another with 1 bedroom and 1 bath. The property requires rehabilitation and is being offered in its current as-is condition.
Exterior features include a porch, backyard access, and a garage reached by a driveway. Dedicated utility connections serve the property. Located at 1842 Schieffelin Ave in The Bronx, the home has a Walk Score of 74, a Transit Score of 65, and a Bike Score of 53.
Exterior features include a porch, backyard access, and a garage reached by a driveway. Dedicated utility connections serve the property. Located at 1842 Schieffelin Ave in The Bronx, the home has a Walk Score of 74, a Transit Score of 65, and a Bike Score of 53.
Key Highlights
- Two‑family property with one 3‑bedroom, 1.5‑bath unit and one 1‑bedroom, 1‑bath unit
- Brick construction completed in 1950
- Garage with driveway, porch, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,875
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,500
$917.5K
Cap Rate 7%
$655,357
$655.4K
Cap Rate 9%
$509,722
$509.7K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$69.4K $38.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$65.5K $36.29/SF
− OpEx
−$19.7K −$10.89/SF
NOI
$45.9K $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%
$917,500
Cap Rate 7%
$655,357
Cap Rate 9%
$509,722
Alternative Uses
Best Use
Multifamily LT 5
$655.4K
$573.4K – $764.6K
NOI $45,875 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$593.5K
$519.3K – $692.4K
NOI $41,545 @ 7.0% cap · market cap 6.40%
Theoretical Best
Warehouse
$1.25M
$1.10M – $1.46M
NOI $87,600 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility connections support a two-unit layout with outdoor access, a porch, garage, and driveway.
Where is this duplex located?
The property is located at 1842 Schieffelin Ave TWN The Bronx, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑family property with one 3‑bedroom, 1.5‑bath unit and one 1‑bedroom, 1‑bath unit; Brick construction completed in 1950; Garage with driveway, porch, and backyard access
