Legal Two-Family Duplex with Private
For Sale
$899,000
288 Cypress Avenue, Bronx, NY 10454
MULTI_FAMILY - Bronx, NY
Property Size2,280 SF
Price / SF$394.30
Days on Market15
Property Features for 288 Cypress Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 3, Dining Room, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking
1
Parking features
Driveway
Window features
Bay Window(s)
Interior features
Formal Dining, Galley Type Kitchen, Washer/Dryer Hookup
Exterior features
Mailbox
Fencing
Fenced
Lot features
Back Yard
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Directions
MOTT HAVEN neighborhood - From 138th make a left onto Cypress Avenue (between E 140th and E 139th Street.)
Standard status
Active
APN
02568-0006
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5812
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
2000
Number of units
2
Flooring type
Carpet, Hardwood, Laminate
Building materials
Brick, Vinyl Siding
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Vanessa Villanueva
(917) 557-5302
Added: Jul 20
Changed: Aug 3
Last Checked: Aug 3 at 10:06PM
MLS# 1028446
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
288 Cypress Avenue is a legal two-family duplex delivered fully vacant, built in 2000. The home offers approximately 2,280 square feet of move-in-ready living space with separate gas and electric meters for each unit’s cooking and electricity.
The first-floor residence includes 2 bedrooms and 1 full bath. The upper residence offers 3 bedrooms and 1.5 baths, with a formal living room and formal dining room, hardwood floors and carpet, and a recently updated kitchen. Interior features include a formal dining room setting and washer/dryer hookup.
Outside, there is private parking with driveway access and fenced property elements with backyard access. Heating is natural gas. The furnace was replaced approximately 3 years ago, the hot water heater was replaced approximately 4 years ago, and the majority of windows were replaced approximately 15 years ago. Public utilities include public water and public sewer. The property is positioned for conventional financing, and may also be eligible for FHA and other loan programs if financing guidelines permit, including homebuyer grants, with the convenience of nearby transit and local amenities.
The first-floor residence includes 2 bedrooms and 1 full bath. The upper residence offers 3 bedrooms and 1.5 baths, with a formal living room and formal dining room, hardwood floors and carpet, and a recently updated kitchen. Interior features include a formal dining room setting and washer/dryer hookup.
Outside, there is private parking with driveway access and fenced property elements with backyard access. Heating is natural gas. The furnace was replaced approximately 3 years ago, the hot water heater was replaced approximately 4 years ago, and the majority of windows were replaced approximately 15 years ago. Public utilities include public water and public sewer. The property is positioned for conventional financing, and may also be eligible for FHA and other loan programs if financing guidelines permit, including homebuyer grants, with the convenience of nearby transit and local amenities.
Key Highlights
- Delivered fully vacant legal two‑family duplex built in 2000
- Approximately 2,280 square feet with separate gas and electric meters for each unit
- First‑floor unit: 2 bedrooms and 1 full bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.6k | $38.40 |
| − Vacancy | −$4.8k | −$2.11 |
| EGI | $82.7k | $36.29 |
| − OpEx | −$24.8k | −$10.89 |
| NOI | $57.9k | $25.40 |
2,280 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$827.4K
$724.0K – $965.3K
NOI $57,916 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 5.83%
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,592 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex built in 2000 with private driveway parking and separate utilities for each unit.
Where is this duplex located?
The property is located at 288 Cypress Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Delivered fully vacant legal two‑family duplex built in 2000; Approximately 2,280 square feet with separate gas and electric meters for each unit; First‑floor unit: 2 bedrooms and 1 full bath
