Duplex with Finished
2240 Quimby Avenue, Bronx, NY 10473
For Sale
$1,099,900
Two full residential floors each offer three bedrooms, two bathrooms, a living room, kitchen, and dining area.
Property Size1,860 SF
Price / SF$591.34
Days on Market122
Property Features for 2240 Quimby Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
hardwood flooring
fenced front yard
private backyard
dishwashers
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Image Homes Realty Inc
Listed By:
Drishti Khan
(718) 684-6900
Source:
Thedecurtisgroup
Added: Jul 11
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 Image Homes Realty Inc
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Investment Insights
Based on property information with market context.
This 1,860-square-foot duplex at 2240 Quimby Avenue in the Bronx has two residential floors, each arranged with three bedrooms, two full bathrooms, a living room, kitchen, and dining area. A finished basement adds a studio unit and storage. Interior features include hardwood floors, updated kitchens and bathrooms, temperature-controlled showers with rain showerheads, and dishwashers in both main units. The property was built in 1910 and is to be delivered vacant.
Outdoor features include a fenced front yard, a private backyard, and a driveway with space for up to two vehicles. Three separate electric meters serve the first floor, second floor, and basement. Public transportation, shopping, schools, parks, and major highways are identified as nearby amenities.
Outdoor features include a fenced front yard, a private backyard, and a driveway with space for up to two vehicles. Three separate electric meters serve the first floor, second floor, and basement. Public transportation, shopping, schools, parks, and major highways are identified as nearby amenities.
Key Highlights
- 1,860 square feet; built in 1910
- Two main floors, each with 3 bedrooms and 2 full bathrooms
- Finished basement studio with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,247
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,940
$944.9K
Cap Rate 7%
$674,957
$675.0K
Cap Rate 9%
$524,967
$525.0K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$71.4K $38.40/SF
− Vacancy
−$3.9K −$2.11/SF
EGI
$67.5K $36.29/SF
− OpEx
−$20.2K −$10.89/SF
NOI
$47.2K $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%
$944,940
Cap Rate 7%
$674,957
Cap Rate 9%
$524,967
Alternative Uses
Best Use
Multifamily LT 5
$675.0K
$590.6K – $787.5K
NOI $47,247 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,787 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$887.5K
$776.6K – $1.04M
NOI $62,124 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,760
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
$586,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Bronx, NY
Properties on Market for Duplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two full residential floors each offer three bedrooms, two bathrooms, a living room, kitchen, and dining area.
Where is this duplex located?
The property is located at 2240 Quimby Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 1,860 square feet; built in 1910; Two main floors, each with 3 bedrooms and 2 full bathrooms; Finished basement studio with additional storage
