Brick Two-Family
For Sale
$1,050,000
419 Turneur Avenue, Bronx, NY 10473
Separate upper and lower residences combine flexible living arrangements with outdoor entertaining areas and private parking.
Property Size2,080 SF
Days on Market133
Property Features for 419 Turneur Avenue
General Information
Standard status
Active
Size
2,080 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,205
Amenities
stainless steel gate
paved patio
garden area
covered rear deck
separate side entrance
washer/dryer hookups
Building Details
Building Size
2,080 SF
Year Built
1960
Buildings
1
Construction
brick
Listing Agency:
RE/MAX In The City
Listed By:
Samuel Buchana · License #3519487
(646) 717-2055
Source:
Serhant
Added: Jun 8
Changed: Oct 8
Last Checked: Oct 16 at 2:49PM
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 In The City
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Investment Insights
Based on property information with market context.
This 2,080-square-foot, two-family brick residence, built in 1960, contains distinct upper and lower units. The upper residence includes three bedrooms, one full bathroom, hardwood flooring, a living room, dining area, and a kitchen with granite finishes and stainless steel appliances. The lower unit offers two bedrooms, one full bathroom, a living room, and a kitchen with dining space, along with a separate side entrance.
Exterior features include a private driveway, two-car carport, paved rear patio, garden area, and covered rear deck with tiled flooring and stainless steel railings. A utility and mechanical room provides washer and dryer hookups, while building systems include a gas boiler and on-demand tankless hot water. The property offers access to NYC Ferry service from Ferry Point Park and Soundview/Clason Point, bus transportation one block away, I-95, the Whitestone Bridge, and the Throgs Neck Bridge. Shopping options include Bruckner Commons, Bruckner Plaza, BJ’s Wholesale Club, and Home Depot.
Exterior features include a private driveway, two-car carport, paved rear patio, garden area, and covered rear deck with tiled flooring and stainless steel railings. A utility and mechanical room provides washer and dryer hookups, while building systems include a gas boiler and on-demand tankless hot water. The property offers access to NYC Ferry service from Ferry Point Park and Soundview/Clason Point, bus transportation one block away, I-95, the Whitestone Bridge, and the Throgs Neck Bridge. Shopping options include Bruckner Commons, Bruckner Plaza, BJ’s Wholesale Club, and Home Depot.
Key Highlights
- 2,080‑square‑foot two‑family brick residence built in 1960
- Upper unit includes 3 bedrooms and 1 full bathroom
- Lower unit includes 2 bedrooms and 1 full bathroom with a separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,835
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,700
$1.1M
Cap Rate 7%
$754,786
$754.8K
Cap Rate 9%
$587,056
$587.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$79.9K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$75.5K $36.29/SF
− OpEx
−$22.6K −$10.89/SF
NOI
$52.8K $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%
$1,056,700
Cap Rate 7%
$754,786
Cap Rate 9%
$587,056
Alternative Uses
Best Use
Multifamily LT 5
$754.8K
$660.4K – $880.6K
NOI $52,835 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$683.5K
$598.1K – $797.5K
NOI $47,848 @ 7.0% cap · market cap 4.56%
Theoretical Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,891 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
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 - Separate upper and lower residences combine flexible living arrangements with outdoor entertaining areas and private parking.
Where is this duplex located?
The property is located at 419 Turneur Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,080‑square‑foot two‑family brick residence built in 1960; Upper unit includes 3 bedrooms and 1 full bathroom; Lower unit includes 2 bedrooms and 1 full bathroom with a separate side entrance
