Morris Park Two-Family Brick
1957 Bogart Ave The Bronx, NY 10462
1957 Bogart Ave The, Bronx, NY, 10462
$899,999
For Sale
$899,999
Charming, move-in ready, income-producing two-family home in Morris Park.
Property Size1,831 SF
Price / SF$491.53
Days on Market104
Property Features for 1957 Bogart Ave The
General Information
- Standard status
- Active
- Size
- 1,831 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing agency
Robert Defalco Realty
(718) 987-7900
Listed by
Michael Gentilesco
(718) 987-7900
Source
Elliman
Added: Apr 9 Updated: Jul 10 at 12:25PM Checked: Jul 21 at 6:04AM
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 Robert Defalco Realty
Investment Insights
Based on property information with market context.
Located at 1957 Bogart Avenue in the Bronx, this two-family brick home, constructed in 1955, is situated in the Morris Park neighborhood. The property offers an opportunity for both homeowners and investors. The building features a classic brick exterior and a well-maintained interior. The residence provides living space across two separate units, suitable for multi-generational living, rental income, or owner-occupancy with supplemental cash flow. The home includes approximately 1,831 square feet of living space and is located on a residential street with access to amenities, parks, transportation, and shopping. The basement area offers potential for additional income or flexible space. The property is very bikeable with a bike score of 82, and is located in a walker's paradise with a walk score of 91. Public transportation is readily accessible, indicated by a transit score of 94.
Key Highlights
- Prime Morris Park Location: Easy access to amenities, parks, transportation, and shopping.
- Income‑Producing Two‑Family Home: Ideal for rental income or owner‑occupancy.
- Move‑In Ready Condition: Well‑maintained interior and classic brick exterior.
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 | $67.0k | $36.60 |
| − Vacancy | −$3.5k | −$1.91 |
| EGI | $63.5k | $34.69 |
| − OpEx | −$19.1k | −$10.41 |
| NOI | $44.5k | $24.28 |
1,831 SF · lease $36.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$635.2K
$555.8K – $741.0K
NOI $44,462 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$566.1K
$495.3K – $660.5K
NOI $39,627 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geluxy
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Charming, move-in ready, income-producing two-family home in Morris Park.
Where is this duplex located?
The property is located at 1957 Bogart Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime Morris Park Location: Easy access to amenities, parks, transportation, and shopping.; Income‑Producing Two‑Family Home: Ideal for rental income or owner‑occupancy.; Move‑In Ready Condition: Well‑maintained interior and classic brick exterior.
