Two-Unit Duplex
For Sale
$850,000
2064 Cicero Ave, Bronx, NY 10473
The three-level layout combines a two-bedroom apartment with a larger upper-floor residence.
Property Size2,325 SF
Price / SF$365.59
Days on Market18
Property Features for 2064 Cicero Ave
General Information
Standard status
Active
Size
2,325 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,397
Amenities
off-street driveway parking
rear balcony
covered porch/patio
backyard
storage shed
gas range
refrigerator
microwave
dishwasher
washer and dryer
Building Details
Buildings
1
Stories
3
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Alvaro A. Sandoval Merlos
(914) 259-0195
Source:
Exprealty
Added: Sep 25
Changed: Oct 10
Last Checked: Oct 11 at 10:17AM
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 eXp Realty
Investment Insights
Based on property information with market context.
At 2064 Cicero Avenue, this legal two-family property contains approximately 2,325 square feet over three levels. The first-floor residence has two bedrooms, one full bathroom, a living room and an eat-in kitchen. A separate duplex occupies the second and third floors, with three bedrooms, two full bathrooms, a half bath, a living room, kitchen and family/dining area.
Both kitchens are equipped with gas ranges, refrigerators and microwaves. The duplex also has a dishwasher, washer and dryer. Outdoor features include a rear balcony, covered porch and patio, backyard, driveway parking and a storage shed. The property is in the Castle Hill neighborhood of the Bronx, near shopping, parks, public transportation and major roadways.
Both kitchens are equipped with gas ranges, refrigerators and microwaves. The duplex also has a dishwasher, washer and dryer. Outdoor features include a rear balcony, covered porch and patio, backyard, driveway parking and a storage shed. The property is in the Castle Hill neighborhood of the Bronx, near shopping, parks, public transportation and major roadways.
Key Highlights
- Legal two‑family property with approximately 2,325 square feet across 3 levels
- First‑floor apartment includes 2 bedrooms, 1 full bathroom, living room and eat‑in kitchen
- Upper duplex has 3 bedrooms, 2 full bathrooms, 1 half bath, living room, kitchen and family/dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,059
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,180
$1.2M
Cap Rate 7%
$843,700
$843.7K
Cap Rate 9%
$656,211
$656.2K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$89.3K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$84.4K $36.29/SF
− OpEx
−$25.3K −$10.89/SF
NOI
$59.1K $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%
$1,181,180
Cap Rate 7%
$843,700
Cap Rate 9%
$656,211
Alternative Uses
Best Use
Multifamily LT 5
$843.7K
$738.2K – $984.3K
NOI $59,059 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.4K
NOI $53,483 @ 7.0% cap · market cap 6.29%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,774 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The three-level layout combines a two-bedroom apartment with a larger upper-floor residence.
Where is this duplex located?
The property is located at 2064 Cicero Ave Bronx, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Legal two‑family property with approximately 2,325 square feet across 3 levels; First‑floor apartment includes 2 bedrooms, 1 full bathroom, living room and eat‑in kitchen; Upper duplex has 3 bedrooms, 2 full bathrooms, 1 half bath, living room, kitchen and family/dining area
