Two-Family Residential Income
2889 Zulette Avenue Bronx, NY 10461
For Sale
$895,000
Two-family duplex built in 1925 with two separate units and a total area of 1,800 sq. ft.
Property Size1,800 SF
Price / SF$497.22
Days on Market35
Property Features for 2889 Zulette Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1925
Listing Agency:
RE/MAX Distinguished Hms.&Prop
(914) 346-8255
Listed By:
Christine A Naber · License #10401285138
(914) 346-8255
Source:
Compass
Added: Jun 20
Changed: Jul 21
Last Checked: Jul 23 at 8:09AM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
This two-family duplex was built in 1925 and offers a total of 1,800 sq. ft. arranged as two separate residential units. One unit is configured as a 3-bedroom home, and the second unit is a 2-bedroom layout, creating a straightforward live-and-rent style setup.
The property is located on Zulette Avenue in the Bronx’s Schuylerville neighborhood, with access described as close to major transit, parkways, shopping, dining, and Pelham Bay Park.
The combination of two distinct unit configurations provides flexibility for owner-occupants or investors seeking rental income from within the same building.
The property is located on Zulette Avenue in the Bronx’s Schuylerville neighborhood, with access described as close to major transit, parkways, shopping, dining, and Pelham Bay Park.
The combination of two distinct unit configurations provides flexibility for owner-occupants or investors seeking rental income from within the same building.
Key Highlights
- Two‑family duplex built in 1925 with a total area of 1,800 sq ft
- 3‑bedroom unit paired with a 2‑bedroom unit
- Interior includes entrance foyer and storage
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 | $69.1k | $38.40 |
| − Vacancy | −$3.8k | −$2.11 |
| EGI | $65.3k | $36.29 |
| − OpEx | −$19.6k | −$10.89 |
| NOI | $45.7k | $25.40 |
1,800 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$591.5K
$517.6K – $690.1K
NOI $41,407 @ 7.0% cap · market cap 4.63%
Theoretical Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,309 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family duplex built in 1925 with two separate units and a total area of 1,800 sq. ft.
Where is this duplex located?
The property is located at 2889 Zulette Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑family duplex built in 1925 with a total area of 1,800 sq ft; 3‑bedroom unit paired with a 2‑bedroom unit; Interior includes entrance foyer and storage
