Detached Two-Family Residential
2020 Continental Avenue Bronx, NY 10461
2020 Continental Avenue, Bronx, NY, 10461
$875,000
For Sale
$875,000
Two 3-bedroom, 1-bath apartments plus a finished walk-out basement with kitchenette and private entrance.
Property Size2,025 SF
Price / SF$432.10
Days on Market10
Property Features for 2020 Continental Avenue
General Information
- Standard status
- Active
- Size
- 2,025 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Realty Group
(914) 713-3270
Listed by
Alexandra L. Fischer
(914) 713-3270
Source
Compass
Added: Jul 13 Updated: Jul 21 at 9:32AM Checked: Jul 21 at 9:32AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Detached two-family home in the Pelham Bay section of the Bronx offering flexible living and income potential. The first-floor apartment includes a spacious living room, in-unit laundry, three bedrooms, and a renovated kitchen with direct access to a large patio. It also provides direct access to the finished walk-out basement. The second-floor apartment has been freshly painted, with new kitchen flooring installed, and offers a similar layout with three bedrooms and a spacious living area.
The finished walk-out basement features a private entrance, a kitchenette, and a full bathroom, providing approximately 655 square feet of additional bonus space. Conveniently located just minutes from City Island and Orchard Beach, with public transportation, major highways, shopping, restaurants, parks, and local amenities nearby.
For owner-occupants, multi-generational households, or investors, this property’s two separate apartments and versatile basement configuration support a range of practical uses while keeping day-to-day functionality at the center of the design.
The finished walk-out basement features a private entrance, a kitchenette, and a full bathroom, providing approximately 655 square feet of additional bonus space. Conveniently located just minutes from City Island and Orchard Beach, with public transportation, major highways, shopping, restaurants, parks, and local amenities nearby.
For owner-occupants, multi-generational households, or investors, this property’s two separate apartments and versatile basement configuration support a range of practical uses while keeping day-to-day functionality at the center of the design.
Key Highlights
- Detached two‑family home (Pelham Bay, Bronx) built in 1920 with two 3‑bedroom, 1‑bath apartments
- Finished walk‑out basement includes a kitchenette, full bathroom, and private entrance (approx. 655 SF of bonus space)
- First‑floor unit features a renovated galley kitchen with granite counters plus a 1st‑floor bedroom and first‑floor full bath
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 | $77.8k | $38.40 |
| − Vacancy | −$4.3k | −$2.11 |
| EGI | $73.5k | $36.29 |
| − OpEx | −$22.0k | −$10.89 |
| NOI | $51.4k | $25.40 |
2,025 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$734.8K
$643.0K – $857.3K
NOI $51,438 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,582 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,223 @ 7.0% cap · market cap 11.23%
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 3-bedroom, 1-bath apartments plus a finished walk-out basement with kitchenette and private entrance.
Where is this duplex located?
The property is located at 2020 Continental Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Detached two‑family home (Pelham Bay, Bronx) built in 1920 with two 3‑bedroom, 1‑bath apartments; Finished walk‑out basement includes a kitchenette, full bathroom, and private entrance (approx. 655 SF of bonus space); First‑floor unit features a renovated galley kitchen with granite counters plus a 1st‑floor bedroom and first‑floor full bath
