Multifamily Home with Duplex
2317 Loring Place N, Bronx, NY 10468
For Sale
New
$999,999
A six-bedroom duplex, separate three-bedroom apartment, and finished basement create distinct living areas.
Property Size3,360 SF
Price / SF$297.62
Days on Market4
Property Features for 2317 Loring Place N
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Source:
Shawmetro
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:35PM
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 Mitra Hakimi Realty Group LLC
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Investment Insights
Based on property information with market context.
At 2317 Loring Place N, the first and second floors form a six-bedroom duplex, with a separate three-bedroom apartment on the third floor. The property has three full bathrooms within the residential units and another full bathroom in the finished basement. The basement has its own entrance and provides additional recreational space.
The home is in the University Heights neighborhood of the Bronx, near neighborhood shops, restaurants, and parks. Fordham Road and University Avenue offer additional local businesses and dining. Devoe Park and St. James Park are nearby. The 183rd Street station on the 4 train is approximately a 7-minute walk away, and Bx3 and Bx32 bus routes serve the area.
The home is in the University Heights neighborhood of the Bronx, near neighborhood shops, restaurants, and parks. Fordham Road and University Avenue offer additional local businesses and dining. Devoe Park and St. James Park are nearby. The 183rd Street station on the 4 train is approximately a 7-minute walk away, and Bx3 and Bx32 bus routes serve the area.
Key Highlights
- Six‑bedroom duplex spans the first and second floors
- Separate third‑floor apartment has three bedrooms
- Four full bathrooms: three in the residential units and one in the finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,292
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,840
$1.5M
Cap Rate 7%
$1,104,171
$1.1M
Cap Rate 9%
$858,800
$858.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$149.2K $44.40/SF
− Vacancy
−$8.7K −$2.58/SF
EGI
$140.5K $41.82/SF
− OpEx
−$63.2K −$18.82/SF
NOI
$77.3K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,840
Cap Rate 7%
$1,104,171
Cap Rate 9%
$858,800
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$966.2K – $1.29M
NOI $77,292 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $162,977 @ 7.0% cap · market cap 16.30%
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
5,017
Businesses Nearby
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Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
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Market
Properties on Market for Multifamily properties in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A six-bedroom duplex, separate three-bedroom apartment, and finished basement create distinct living areas.
Where is this multifamily property located?
The property is located at 2317 Loring Place N Bronx, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Six‑bedroom duplex spans the first and second floors; Separate third‑floor apartment has three bedrooms; Four full bathrooms: three in the residential units and one in the finished basement
