Two-Family Brick
For Sale
$699,900
3118 Eastchester Road, Bronx, NY 10469
The residence includes a full basement and a garage accessed from the basement.
Property Size2,455 SF
Lot Size0.06 Acres
Price / SF$285.09
Days on Market34
Property Features for 3118 Eastchester Road
General Information
Standard status
Active
Size
2,455 SF
Lot size
0.06 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,976
Building Details
Building Size
2,455 SF
Year Built
1955
Construction
brick
Listing Agency:
RE/MAX City Square
Listed By:
Aaron L. Ram · License #10301214421
(917) 578-9622
Source:
Shawmetro
Added: Sep 28
Changed: Oct 30
Last Checked: Oct 30 at 9:53PM
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 City Square
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Investment Insights
Based on property information with market context.
Built in 1955, this brick duplex is configured as a two-family residence and contains approximately 2,455 square feet. A full basement expands the property's interior space, and a garage is located at basement level.
The home sits on a 2,778-square-foot lot in the Baychester section of the Bronx. Nearby transit includes the 5 train and BX31 bus, with neighborhood shopping and everyday services in the area.
The home sits on a 2,778-square-foot lot in the Baychester section of the Bronx. Nearby transit includes the 5 train and BX31 bus, with neighborhood shopping and everyday services in the area.
Key Highlights
- Two‑family brick residence built in 1955
- Approximately 2,455 square feet on a 2,778‑square‑foot lot
- Full basement with a basement‑level garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,361
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,220
$1.2M
Cap Rate 7%
$890,871
$890.9K
Cap Rate 9%
$692,900
$692.9K
Market Conditions
NOI Build-Up for 2,455 SF
Gross rent
$94.3K $38.40/SF
− Vacancy
−$5.2K −$2.11/SF
EGI
$89.1K $36.29/SF
− OpEx
−$26.7K −$10.89/SF
NOI
$62.4K $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%
$1,247,220
Cap Rate 7%
$890,871
Cap Rate 9%
$692,900
Alternative Uses
Best Use
Multifamily LT 5
$890.9K
$779.5K – $1.04M
NOI $62,361 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$806.8K
$705.9K – $941.2K
NOI $56,474 @ 7.0% cap · market cap 8.07%
Theoretical Best
Warehouse
$1.70M
$1.49M – $1.98M
NOI $119,080 @ 7.0% cap · market cap 17.01%
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
1,781
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes a full basement and a garage accessed from the basement.
Where is this duplex located?
The property is located at 3118 Eastchester Road Bronx, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family brick residence built in 1955; Approximately 2,455 square feet on a 2,778‑square‑foot lot; Full basement with a basement‑level garage
