Two-Family Duplex with Finished
For Sale
$1,676,000
2357 Demeyer Street, Bronx, NY 10469
Two separate residential units each offer three bedrooms, two full bathrooms, and independent heating and hot water equipment.
Property Size3,837 SF
Lot Size0.11 Acres
Price / SF$436.80
Days on Market32
Property Features for 2357 Demeyer Street
General Information
Standard status
Active
Size
3,837 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Residential Income
Zoning
R4-1
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,775
Amenities
First Floor Bedroom
First Floor Full Bath
Quartz/Quartzite Counters
Walk-In Closet(s)
Building Details
Building Size
3,837 SF
Year Built
1998
Buildings
1
Stories
2
Units
2
Listing Agency:
Han Tang Realty Inc.
(718) 513-1111
Listed By:
Alex S. Huang
(347) 989-5882
Source:
Halknopfrealty
Added: Sep 24
Changed: Oct 24
Last Checked: Oct 24 at 3:10PM
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 Han Tang Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this legal two-family property contains approximately 3,837 square feet of living area. The first and second floors each have three bedrooms and two full bathrooms, including a primary suite. A finished basement with high ceilings and a half bath adds flexible interior space. Each unit has its own boiler and hot water heater.
The property occupies a 47.33' x 100' lot and is zoned R4-1. Outdoor features include a detached one-car garage and a paved yard. The building measures approximately 23.33' x 53.40'.
The property occupies a 47.33' x 100' lot and is zoned R4-1. Outdoor features include a detached one-car garage and a paved yard. The building measures approximately 23.33' x 53.40'.
Key Highlights
- Legal two‑family property with approximately 3,837 square feet of living area
- Both units have 3 bedrooms and 2 full bathrooms
- Finished basement with high ceilings and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,466
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,320
$1.9M
Cap Rate 7%
$1,392,371
$1.4M
Cap Rate 9%
$1,082,956
$1.1M
Market Conditions
NOI Build-Up for 3,837 SF
Gross rent
$147.3K $38.40/SF
− Vacancy
−$8.1K −$2.11/SF
EGI
$139.2K $36.29/SF
− OpEx
−$41.8K −$10.89/SF
NOI
$97.5K $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%
$1,949,320
Cap Rate 7%
$1,392,371
Cap Rate 9%
$1,082,956
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,265 @ 7.0% cap · market cap 5.27%
Theoretical Best
Warehouse
$2.66M
$2.33M – $3.10M
NOI $186,114 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential units each offer three bedrooms, two full bathrooms, and independent heating and hot water equipment.
Where is this duplex located?
The property is located at 2357 Demeyer Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,676,000.
What are key features of this property?
This property features: Legal two‑family property with approximately 3,837 square feet of living area; Both units have 3 bedrooms and 2 full bathrooms; Finished basement with high ceilings and a half bath
