Two-Family Residential Income
1850 Unionport Road Bronx, NY 10462
1850 Unionport Road, Bronx, NY, 10462
$750,000
For Sale
$750,000
Two separate units each with a balcony, plus a finished basement with three rooms and a full bathroom.
Property Size1,700 SF
Price / SF$441.18
Days on Market42
Property Features for 1850 Unionport Road
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1901
Listing agency
RE/MAX Distinguished Hms.&Prop
(914) 346-8255
Listed by
Walter F. Sarmiento · License #10301205363
(914) 346-8255
Source
Compass
Added: Jun 10 Updated: Jul 21 at 5:58PM Checked: Jul 21 at 5:58PM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate apartments with outdoor balcony space. The first-floor unit features one bedroom and one bathroom, with a living room, a separate kitchen, and a balcony. The second-floor unit includes two bedrooms and one bathroom, also with its own balcony.
A finished basement adds additional usable space, including three rooms and a full bathroom. Access to the backyard is available from the basement level only.
Conveniently located in the Morris Park/Van Nest area of the Bronx, the property is just two blocks from the #5 Bronx Park East Train Station, with retail and dining options near Parkchester and Bay Plaza Shopping Center, and healthcare nearby at Jacobi Medical Center.
A finished basement adds additional usable space, including three rooms and a full bathroom. Access to the backyard is available from the basement level only.
Conveniently located in the Morris Park/Van Nest area of the Bronx, the property is just two blocks from the #5 Bronx Park East Train Station, with retail and dining options near Parkchester and Bay Plaza Shopping Center, and healthcare nearby at Jacobi Medical Center.
Key Highlights
- Two‑family home in Morris Park / Van Nest with two separate apartments, each with its own balcony
- First‑floor unit: 1 bedroom, 1 bathroom; separate living room and kitchen; includes a balcony
- Second‑floor unit: 2 bedrooms, 1 bathroom; includes a balcony
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 | $62.2k | $36.60 |
| − Vacancy | −$3.2k | −$1.91 |
| EGI | $59.0k | $34.69 |
| − OpEx | −$17.7k | −$10.41 |
| NOI | $41.3k | $24.28 |
1,700 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,792 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$811.1K
$709.8K – $946.3K
NOI $56,780 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units each with a balcony, plus a finished basement with three rooms and a full bathroom.
Where is this duplex located?
The property is located at 1850 Unionport Road Bronx, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family home in Morris Park / Van Nest with two separate apartments, each with its own balcony; First‑floor unit: 1 bedroom, 1 bathroom; separate living room and kitchen; includes a balcony; Second‑floor unit: 2 bedrooms, 1 bathroom; includes a balcony
