Duplex with Detached
248 Graff Avenue, Bronx, NY 10465
For Sale
$925,000
Two one-bedroom residences are served by multi-zone natural-gas heating and private off-street parking.
Property Size1,685 SF
Price / SF$548.96
Days on Market60
Property Features for 248 Graff Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Formal Dining
Open Kitchen
Building Details
Building Size
Year Built
Units
Listing Agency:
Connections Realty
(516) 377-9876
Listed By:
Luis M. Cordero
(516) 790-4292
Source:
Clairedleone
Added: Sep 11
Changed: Nov 7
Last Checked: Nov 8 at 6:57PM
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 Connections Realty
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Investment Insights
Based on property information with market context.
This 1,685-square-foot duplex contains two one-bedroom residences and is recognized as a legal two-family home. Natural-gas heating is divided into multiple zones. Parking is available in the private driveway, which accommodates multiple vehicles, along with a detached one-car garage. The home was built in 1925.
Located in the Throggs Neck area of the Bronx, the property is near shopping, dining, schools, parks, public transportation, and major roadways. The Country Club section is also nearby.
Located in the Throggs Neck area of the Bronx, the property is near shopping, dining, schools, parks, public transportation, and major roadways. The Country Club section is also nearby.
Key Highlights
- Legal two‑family home with two one‑bedroom residences
- 1,685 square feet; built in 1925
- Multi‑zone natural‑gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,802
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,040
$856.0K
Cap Rate 7%
$611,457
$611.5K
Cap Rate 9%
$475,578
$475.6K
Market Conditions
NOI Build-Up for 1,685 SF
Gross rent
$64.7K $38.40/SF
− Vacancy
−$3.6K −$2.11/SF
EGI
$61.1K $36.29/SF
− OpEx
−$18.3K −$10.89/SF
NOI
$42.8K $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%
$856,040
Cap Rate 7%
$611,457
Cap Rate 9%
$475,578
Alternative Uses
Best Use
Multifamily LT 5
$611.5K
$535.0K – $713.4K
NOI $42,802 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$553.7K
$484.5K – $646.0K
NOI $38,761 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$804.0K
$703.5K – $938.0K
NOI $56,279 @ 7.0% cap · market cap 6.08%
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
424
Businesses Nearby
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Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
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Market
Average Price Trend$/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 one-bedroom residences are served by multi-zone natural-gas heating and private off-street parking.
Where is this duplex located?
The property is located at 248 Graff Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Legal two‑family home with two one‑bedroom residences; 1,685 square feet; built in 1925; Multi‑zone natural‑gas heating
