Detached Two-Family
4523 Monticello Avenue Bronx, NY 10466
For Sale
$949,000
Move-in-ready two-family residence with finished basement, private side entrance, and updates including roof and mechanicals.
Property Size2,040 SF
Price / SF$465.20
Days on Market39
Property Features for 4523 Monticello Avenue
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing Agency:
YourHomeSold Guaranteed Realty
(718) 324-6060
Listed By:
Bridget Smith-Osbourne
(718) 324-6060
Source:
Compass
Added: Jun 16
Changed: Jul 22
Last Checked: Jul 23 at 10:57AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This beautifully maintained detached two-family home offers a move-in-ready layout with two separate residential units plus a fully finished basement. The owner’s unit includes a spacious living room with hardwood floors, crown molding, and recessed lighting, two bedrooms, a bonus room suited for office or flex use, a full bath with a jetted tub, and an eat-in kitchen with custom cabinetry and granite countertops. The second-floor apartment features two bedrooms, a full bath, a bright living room, and an eat-in kitchen. The finished basement includes two finished rooms, a full bath, and flexible space, with a private side entrance.
The property includes a private driveway with parking for multiple vehicles and a private backyard for outdoor use. Major updates provide added peace of mind, including a roof approximately four years old, a boiler and hot water heater approximately two years old, along with updated siding, windows, and electrical service. Convenient access to schools, shopping, parks, and nearby transit options is noted in the remarks.
Outside the unit interiors and finishes, the home’s configuration is supported by separate level living and a basement with its own entrance, offering flexibility for day-to-day use.
The property includes a private driveway with parking for multiple vehicles and a private backyard for outdoor use. Major updates provide added peace of mind, including a roof approximately four years old, a boiler and hot water heater approximately two years old, along with updated siding, windows, and electrical service. Convenient access to schools, shopping, parks, and nearby transit options is noted in the remarks.
Outside the unit interiors and finishes, the home’s configuration is supported by separate level living and a basement with its own entrance, offering flexibility for day-to-day use.
Key Highlights
- Detached two‑family home with a fully finished basement featuring two finished rooms, a full bath, and a private side entrance
- Owner’s unit includes eat‑in kitchen with custom cabinetry and granite countertops, full bath with jetted tub, and bonus flex room
- Second‑floor apartment has two bedrooms, a full bath, bright living room, and an eat‑in kitchen
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.3k | $38.40 |
| − Vacancy | −$4.3k | −$2.11 |
| EGI | $74.0k | $36.29 |
| − OpEx | −$22.2k | −$10.89 |
| NOI | $51.8k | $25.40 |
2,040 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$670.4K
$586.6K – $782.1K
NOI $46,927 @ 7.0% cap · market cap 4.94%
Theoretical Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $98,950 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Move-in-ready two-family residence with finished basement, private side entrance, and updates including roof and mechanicals.
Where is this duplex located?
The property is located at 4523 Monticello Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Detached two‑family home with a fully finished basement featuring two finished rooms, a full bath, and a private side entrance; Owner’s unit includes eat‑in kitchen with custom cabinetry and granite countertops, full bath with jetted tub, and bonus flex room; Second‑floor apartment has two bedrooms, a full bath, bright living room, and an eat‑in kitchen
