Duplex with Finished
For Sale
$1,179,000
2227 Chatterton Ave, Bronx, NY 10472
Two residential units feature distinct room counts, updated kitchens, in-unit laundry appliances, and a backyard.
Property Size3,000 SF
Price / SF$393
Days on Market52
Property Features for 2227 Chatterton Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
stainless steel appliances
granite countertops
finished basement
backyard
Building Details
Year Built
1920
Buildings
1
Listing Agency:
COUNTRYWIDE REAL ESTATE INC
Listed By:
Harry Sanichara
(718) 863-2900
Source:
Gosenproperties
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 4:57PM
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 COUNTRYWIDE REAL ESTATE INC
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Investment Insights
Based on property information with market context.
This two-family duplex contains 3,000 SF, with seven rooms on one level and six on the other. A full finished basement adds usable interior space. Renovations include stainless steel appliances, a washer and dryer, and granite countertops; the property also has a backyard. The building was constructed in 1920.
Train and bus stops, along with shopping, are nearby. The property is located at 2227 Chatterton Ave in the Bronx.
Train and bus stops, along with shopping, are nearby. The property is located at 2227 Chatterton Ave in the Bronx.
Key Highlights
- Two‑family duplex with seven rooms over six rooms
- Full finished basement
- 3,000 SF property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,205
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,524,100
$1.5M
Cap Rate 7%
$1,088,643
$1.1M
Cap Rate 9%
$846,722
$846.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$115.2K $38.40/SF
− Vacancy
−$6.3K −$2.11/SF
EGI
$108.9K $36.29/SF
− OpEx
−$32.7K −$10.89/SF
NOI
$76.2K $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%
$1,524,100
Cap Rate 7%
$1,088,643
Cap Rate 9%
$846,722
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.6K – $1.27M
NOI $76,205 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$985.9K
$862.6K – $1.15M
NOI $69,011 @ 7.0% cap · market cap 5.85%
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,515 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,469
Businesses Nearby
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Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature distinct room counts, updated kitchens, in-unit laundry appliances, and a backyard.
Where is this duplex located?
The property is located at 2227 Chatterton Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,179,000.
What are key features of this property?
This property features: Two‑family duplex with seven rooms over six rooms; Full finished basement; 3,000 SF property
