Duplex with
For Sale
$725,000
3227 Lurting Avenue, Bronx, NY 10469
Two residential units include adaptable lower-level space and a separate upper-floor apartment.
Property Size2,680 SF
Price / SF$270.52
Days on Market42
Property Features for 3227 Lurting Avenue
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs TLC
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,479
Building Details
Building Size
2,680 SF
Year Built
1955
Units
2
Listing Agency:
Kay Partners LLC
(914) 417-2929
Listed By:
Keeana Toliver
(917) 861-3946
Source:
Croninreale
Added: Sep 13
Changed: Oct 23
Last Checked: Oct 23 at 4:59PM
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 Kay Partners LLC
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.
The 2,680-square-foot duplex was built in 1955 and contains two residential units. The lower unit can be arranged as a three-bedroom, two-bath duplex or as a layout with a separate one-bedroom studio and kitchen. The upper-floor apartment has three bedrooms and one full bath.
First-floor access leads to the backyard. The property also includes a one-car garage and a private driveway. The building needs work, offering an opportunity for customization.
First-floor access leads to the backyard. The property also includes a one-car garage and a private driveway. The building needs work, offering an opportunity for customization.
Key Highlights
- 2,680‑square‑foot duplex built in 1955
- Lower unit can be arranged as a three‑bedroom, two‑bath duplex or with a separate one‑bedroom studio and kitchen
- Upper‑floor apartment has three bedrooms and one full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,650
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,000
$1.2M
Cap Rate 7%
$880,714
$880.7K
Cap Rate 9%
$685,000
$685.0K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$119.0K $44.40/SF
− Vacancy
−$6.9K −$2.58/SF
EGI
$112.1K $41.82/SF
− OpEx
−$50.4K −$18.82/SF
NOI
$61.6K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,000
Cap Rate 7%
$880,714
Cap Rate 9%
$685,000
Alternative Uses
Best Use
Multifamily LT 5
$972.5K
$851.0K – $1.13M
NOI $68,076 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$880.7K
$770.6K – $1.03M
NOI $61,650 @ 7.0% cap · market cap 8.50%
Theoretical Best
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,994 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,118
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 residential units include adaptable lower-level space and a separate upper-floor apartment.
Where is this duplex located?
The property is located at 3227 Lurting Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,680‑square‑foot duplex built in 1955; Lower unit can be arranged as a three‑bedroom, two‑bath duplex or with a separate one‑bedroom studio and kitchen; Upper‑floor apartment has three bedrooms and one full bath
