Two-Family Duplex with Finished
New
For Sale
$999,000
3661 Willett Avenue, Bronx, NY 10467
Two four-bedroom apartments are complemented by a finished, above-ground basement with two additional bedrooms.
Property Size3,960 SF
Price / SF$252.27
Days on Market3
Property Features for 3661 Willett Avenue
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,351
Building Details
Building Size
3,960 SF
Year Built
1925
Listing Agency:
KDP Global Realty LLC
Listed By:
Kwaku Dapaah · License #10491211972
(718) 838-4674
Source:
Shawmetro
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:44AM
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 KDP Global Realty LLC
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Investment Insights
Based on property information with market context.
This 3,960-square-foot duplex property contains two four-bedroom apartments, one above the other. A finished basement above grade adds two more bedrooms; any rental use of that space is subject to confirmation of legal status and required approvals. The building dates to 1925.
The property is on Willett Avenue in the Bronx’s Williamsbridge neighborhood. Neighborhood shopping and local amenities are nearby, and the 2 and 5 subway lines serve the area.
The property is on Willett Avenue in the Bronx’s Williamsbridge neighborhood. Neighborhood shopping and local amenities are nearby, and the 2 and 5 subway lines serve the area.
Key Highlights
- Two four‑bedroom apartments, arranged one above the other
- Finished above‑ground basement with two additional bedrooms; rental use requires legal‑use verification and approvals
- 3,960 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,170
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,400
$1.7M
Cap Rate 7%
$1,231,000
$1.2M
Cap Rate 9%
$957,444
$957.4K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$166.3K $42.00/SF
− Vacancy
−$9.6K −$2.44/SF
EGI
$156.7K $39.56/SF
− OpEx
−$70.5K −$17.80/SF
NOI
$86.2K $21.76/SF
Area
ZIP 10467
Vacancy
5.80%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,400
Cap Rate 7%
$1,231,000
Cap Rate 9%
$957,444
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,416 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.44M
NOI $86,170 @ 7.0% cap · market cap 8.63%
Theoretical Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $192,080 @ 7.0% cap · market cap 19.23%
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
2,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom apartments are complemented by a finished, above-ground basement with two additional bedrooms.
Where is this duplex located?
The property is located at 3661 Willett Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two four‑bedroom apartments, arranged one above the other; Finished above‑ground basement with two additional bedrooms; rental use requires legal‑use verification and approvals; 3,960 square feet
