Morris Park Two-Family
For Sale
$749,000
Pending
2080 Matthews Ave The, Bronx, NY 10462
Two-family residence in Morris Park with finished basement.
Property Size1,684 SF
Lot Size0.06 Acres
Days on Market319
Property Features for 2080 Matthews Ave The
General Information
Standard status
Pending
Size
1,684 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,036
Building Details
Building Size
1,684 SF
Year Built
1925
Units
2
Listed By:
Omar Alrobaye
(718) 310-8831
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 11
Last Checked: Oct 12 at 8:47PM
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 Omar Alrobaye
Investment Insights
Based on property information with market context.
This two-family residence, located in Morris Park, features a separate entrance and a finished basement. The detached property offers space and privacy. The first floor includes 3 bedrooms and a full bathroom, while the second floor has 2 bedrooms and a full bathroom. A driveway provides convenience. The property is located in a sought-after New York City neighborhood. The property is zoned R6, which may be of interest to investors.
Key Highlights
- Prime Morris Park location.
- Two separate units: a spacious 3‑bedroom and a comfortable 2‑bedroom, each with full bathrooms.
- Finished basement adds extra living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,892
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,840
$817.8K
Cap Rate 7%
$584,171
$584.2K
Cap Rate 9%
$454,356
$454.4K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$61.6K $36.60/SF
− Vacancy
−$3.2K −$1.91/SF
EGI
$58.4K $34.69/SF
− OpEx
−$17.5K −$10.41/SF
NOI
$40.9K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,840
Cap Rate 7%
$584,171
Cap Rate 9%
$454,356
Alternative Uses
Best Use
Multifamily LT 5
$584.2K
$511.2K – $681.5K
NOI $40,892 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$520.7K
$455.6K – $607.4K
NOI $36,446 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$803.5K
$703.1K – $937.4K
NOI $56,246 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-family residence in Morris Park with finished basement.
Where is this duplex located?
The property is located at 2080 Matthews Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime Morris Park location.; Two separate units: a spacious 3‑bedroom and a comfortable 2‑bedroom, each with full bathrooms.; Finished basement adds extra living space.
