Two-Unit Duplex with Backyard
New
For Sale
$800,000
1902 Hone Avenue, Bronx, NY 10461
Separate one- and two-bedroom residences each include in-unit laundry and access to outdoor space.
Property Size1,564 SF
Price / SF$511.51
Days on Market5
Property Features for 1902 Hone Avenue
General Information
Standard status
Active
Size
1,564 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,615
Amenities
hardwood floors
in-unit laundry
high ceilings
sun room
backyard patio
front porch veranda
attached garage
private driveway
stainless steel appliances
Building Details
Building Size
1,564 SF
Year Built
1950
Buildings
1
Listing Agency:
Compass
Listed By:
Geoffrey Evan Weiss · License #10301223128
(954) 816-7333
Source:
Carlinwright
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 11:45AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,564-square-foot duplex contains two residences: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Both have hardwood floors, high ceilings, natural light, and in-unit laundry. The upper residence also features a living room, sunroom, formal dining area, and renovated kitchen with stainless steel appliances and an island. The lower unit opens directly to the backyard.
Outdoor features include a private patio, front porch, private driveway, and attached garage. Built in 1950, the property is located in the Bronx near Morris Park Avenue dining and neighborhood shops, as well as Jacobi Medical Center and Albert Einstein College of Medicine. Local buses, expressways, and subway lines provide transportation options.
Outdoor features include a private patio, front porch, private driveway, and attached garage. Built in 1950, the property is located in the Bronx near Morris Park Avenue dining and neighborhood shops, as well as Jacobi Medical Center and Albert Einstein College of Medicine. Local buses, expressways, and subway lines provide transportation options.
Key Highlights
- Two residences: one‑bedroom/one‑bathroom and two‑bedroom/one‑bathroom layouts
- 1,564 square feet; built in 1950
- Upper unit includes a renovated kitchen, sunroom, formal dining area, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,728
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,560
$794.6K
Cap Rate 7%
$567,543
$567.5K
Cap Rate 9%
$441,422
$441.4K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$60.1K $38.40/SF
− Vacancy
−$3.3K −$2.11/SF
EGI
$56.8K $36.29/SF
− OpEx
−$17.0K −$10.89/SF
NOI
$39.7K $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%
$794,560
Cap Rate 7%
$567,543
Cap Rate 9%
$441,422
Alternative Uses
Best Use
Multifamily LT 5
$567.5K
$496.6K – $662.1K
NOI $39,728 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$514.0K
$449.7K – $599.6K
NOI $35,978 @ 7.0% cap · market cap 4.50%
Theoretical Best
Warehouse
$1.08M
$948.3K – $1.26M
NOI $75,862 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,101
Businesses Nearby
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Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom residences each include in-unit laundry and access to outdoor space.
Where is this duplex located?
The property is located at 1902 Hone Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two residences: one‑bedroom/one‑bathroom and two‑bedroom/one‑bathroom layouts; 1,564 square feet; built in 1950; Upper unit includes a renovated kitchen, sunroom, formal dining area, and living room
