Building Details

Building Size 1,920 SF

Year Built 1955

Listing Agency: Keystone Realty USA Corp

Listed By: Gabriel Kashi Show Phone

Source: Shawmetro

Added: Aug 20 Changed: Oct 13 Last Checked: Oct 13 at 12:36AM

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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 Keystone Realty USA Corp

Investment Insights

Based on property information with market context.

This renovated two-family duplex includes a three-bedroom upper residence and a two-bedroom walk-in unit. Both apartments feature open-concept living and dining areas, modern kitchens with granite counters, custom floor-to-ceiling cabinetry, and stainless steel appliances. Additional interior improvements include wide oak flooring, recessed lighting, updated electrical, heating, and plumbing systems, along with fully tiled bathrooms and substantial closet storage. A private driveway serves the property.

The home is located on Ely Avenue in Wakefield, with access to major transportation and nearby streets including East 233rd Street, Edenwald Avenue, Paulding Avenue, and Laconia Avenue. Schools, shopping centers, restaurants, cafés, and parks are located within the surrounding area. The property was built in 1955 and presents a two-unit residential configuration suited to buyers seeking rental income from a multifamily asset.

Key Highlights

• Two‑family layout with a 3‑bedroom upper unit and 2‑bedroom walk‑in unit
• Renovated interiors with wide oak flooring and recessed lighting
• Granite kitchens with custom cabinetry and stainless steel appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,771

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$975,420 $975.4K

Cap Rate 7%

$696,729 $696.7K

Cap Rate 9%

$541,900 $541.9K

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$73.7K $38.40/SF

− Vacancy

−$4.1K −$2.11/SF

EGI

$69.7K $36.29/SF

− OpEx

−$20.9K −$10.89/SF

NOI

$48.8K $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%

$975,420

Cap Rate 7%

$696,729

Cap Rate 9%

$541,900

Alternative Uses

Best Use

Multifamily LT 5

$696.7K

$609.6K – $812.9K (±1% cap)

NOI $48,771 @ 7.0% cap · market cap 5.88%

Second Best

Apartment 5plus

$631.0K

$552.1K – $736.1K (±1% cap)

NOI $44,167 @ 7.0% cap · market cap 5.33%

Theoretical Best

Warehouse

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,130 @ 7.0% cap · market cap 11.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,708

Businesses Nearby

Explore this area Business Placement

Demographics for 10466, NY

70,420

Population

26,303

Households

2.7

Avg Household Size

38

Median Age

26%

College-Educated

81%

High-School Grad

2.0 sq mi

ZIP Area

35,210

Density / Sq Mi

$66,328

Median Household Income

$44,053

Median Earnings

$1,528

Median Rent

$605,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer open-concept living areas, updated systems, private parking, and modern kitchen and bath finishes.

Where is this duplex located?

The property is located at 4017 Ely Avenue Bronx, NY.

What is the asking price?

The asking price for this property is $829,000.

What are key features of this property?

This property features: Two‑family layout with a 3‑bedroom upper unit and 2‑bedroom walk‑in unit; Renovated interiors with wide oak flooring and recessed lighting; Granite kitchens with custom cabinetry and stainless steel appliances