Multifamily Home with Garden
For Sale
$999,999
1922 Hering Avenue, Bronx, NY 10461
The primary residence includes a loft suited to lounge or office use, alongside a separate garden apartment.
Property Size2,400 SF
Price / SF$416.67
Days on Market9
Property Features for 1922 Hering Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,264
Amenities
Hardwood floors
Quality Kitchen and Bathrooms
Outdoor Living Area
Solar Panels
Entrance Foyer
Formal Dining
Building Details
Building Size
2,400 SF
Year Built
1950
Units
2
Listing Agency:
Today Realty Corp.
Listed By:
Vincent Buccieri · License #10301203112
(718) 597-1777
Source:
Moreandmorerealestate
Added: Oct 16
Changed: Oct 22
Last Checked: Oct 22 at 2:25PM
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 Today Realty Corp.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot multifamily property, built in 1950, combines a duplex with a garden apartment. The main residence has four bedrooms, a large living room, formal dining room, eat-in kitchen, and a half bathroom on the main level. A customized loft provides additional lounge or office space. The garden apartment has three rooms, including a separate bedroom, kitchen, and living room. Hardwood floors, updated architectural details, and a one-car garage are also part of the property.
The home is at 1922 Hering Avenue in the Indian Village area of the Bronx. A driveway provides additional parking alongside the garage.
The home is at 1922 Hering Avenue in the Indian Village area of the Bronx. A driveway provides additional parking alongside the garage.
Key Highlights
- 2,400 square feet; built in 1950
- Duplex with 4 bedrooms, formal dining room, and main‑level half bathroom
- Separate 3‑room garden apartment with bedroom, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,209
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,180
$1.1M
Cap Rate 7%
$788,700
$788.7K
Cap Rate 9%
$613,433
$613.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$106.6K $44.40/SF
− Vacancy
−$6.2K −$2.58/SF
EGI
$100.4K $41.82/SF
− OpEx
−$45.2K −$18.82/SF
NOI
$55.2K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,180
Cap Rate 7%
$788,700
Cap Rate 9%
$613,433
Alternative Uses
Best Use
Apartment 5plus
$788.7K
$690.1K – $920.2K
NOI $55,209 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.66M
$1.46M – $1.94M
NOI $116,412 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,819
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The primary residence includes a loft suited to lounge or office use, alongside a separate garden apartment.
Where is this multifamily property located?
The property is located at 1922 Hering Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,400 square feet; built in 1950; Duplex with 4 bedrooms, formal dining room, and main‑level half bathroom; Separate 3‑room garden apartment with bedroom, kitchen, and living room
