Duplex With Finished
For Sale
$1,200,000
1897 Longfellow Ave The, Bronx, NY 10460
R-7-zoned duplex near Metro-North transportation options and established neighborhood amenities.
Property Size2,472 SF
Days on Market57
Property Features for 1897 Longfellow Ave The
General Information
Standard status
Active
Size
2,472 SF
Property subtype
Investment
Zoning
R-7
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,108
Building Details
Building Size
2,472 SF
Year Built
1910
Units
2
Listing Agency:
Century 21 Galvez
Listed By:
Alexander Galvez · License #REB.0792388
(646) 326-3146
Source:
Elliman
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 6:43PM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
Built in 1910, this legal two-family residence includes three-bedroom living spaces and a finished basement. The property sits on an R-7 zoning lot, with potential for conversion to a legal three-family residence subject to applicable approvals.
Located at 1897 Longfellow Ave in The Bronx, the property is near Metro-North and other transportation options. The surrounding area records a Walk Score of 80, a BikeScore of 74, and a TransitScore of 100, reflecting convenient access for pedestrians, cyclists, and transit riders.
Located at 1897 Longfellow Ave in The Bronx, the property is near Metro-North and other transportation options. The surrounding area records a Walk Score of 80, a BikeScore of 74, and a TransitScore of 100, reflecting convenient access for pedestrians, cyclists, and transit riders.
Key Highlights
- Legal two‑family residence with a finished basement
- Three‑bedroom living spaces
- R‑7 zoning lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,793
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,860
$1.3M
Cap Rate 7%
$897,043
$897.0K
Cap Rate 9%
$697,700
$697.7K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$94.9K $38.40/SF
− Vacancy
−$5.2K −$2.11/SF
EGI
$89.7K $36.29/SF
− OpEx
−$26.9K −$10.89/SF
NOI
$62.8K $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%
$1,255,860
Cap Rate 7%
$897,043
Cap Rate 9%
$697,700
Alternative Uses
Best Use
Multifamily LT 5
$897.0K
$784.9K – $1.05M
NOI $62,793 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$812.4K
$710.8K – $947.8K
NOI $56,865 @ 7.0% cap · market cap 4.74%
Theoretical Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,905 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,905
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R-7-zoned duplex near Metro-North transportation options and established neighborhood amenities.
Where is this duplex located?
The property is located at 1897 Longfellow Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family residence with a finished basement; Three‑bedroom living spaces; R‑7 zoning lot
