Two-Unit Duplex with Finished
New
For Sale
$1,000,000
467 E 159th Street, Bronx, NY 10451
Both residences are scheduled to be vacant at closing, with distinct bedroom and bathroom configurations.
Property Size2,112 SF
Days on Market4
Property Features for 467 E 159th Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Duplex
Zoning
R7-2
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$920
Building Details
Building Size
2,112 SF
Year Built
1899
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Tyrone L. Byrdsong
(718) 710-3584
Source:
Serhant
Added: Oct 16
Last Checked: Oct 19 at 2:29PM
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
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Investment Insights
Based on property information with market context.
This Bronx duplex contains two residences: a first-floor unit with 3 bedrooms and 2 bathrooms, and a second-floor unit with 2 bedrooms and 1 bathroom. A finished basement with walk-out access adds usable interior space. The property also has a backyard, gas boiler heat, and street parking. Built in 1899, it is located at 467 E 159th Street in an R7-2 zoning district.
Both units are to be delivered vacant at closing. The stated zoning designation is subject to applicable regulations and approvals.
Both units are to be delivered vacant at closing. The stated zoning designation is subject to applicable regulations and approvals.
Key Highlights
- Two residential units: first floor has 3 bedrooms and 2 bathrooms; second floor has 2 bedrooms and 1 bathroom
- Finished basement with walk‑out access
- Both units delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,648
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,960
$1.1M
Cap Rate 7%
$766,400
$766.4K
Cap Rate 9%
$596,089
$596.1K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$81.1K $38.40/SF
− Vacancy
−$4.5K −$2.11/SF
EGI
$76.6K $36.29/SF
− OpEx
−$23.0K −$10.89/SF
NOI
$53.6K $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%
$1,072,960
Cap Rate 7%
$766,400
Cap Rate 9%
$596,089
Alternative Uses
Best Use
Multifamily LT 5
$766.4K
$670.6K – $894.1K
NOI $53,648 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$694.1K
$607.3K – $809.7K
NOI $48,584 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.71M
NOI $102,443 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 10451, NY
51,536
Population
21,850
Households
2.4
Avg Household Size
36
Median Age
21%
College-Educated
74%
High-School Grad
1.1 sq mi
ZIP Area
46,851
Density / Sq Mi
$37,111
Median Household Income
$35,765
Median Earnings
$1,269
Median Rent
$263,500
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 - Both residences are scheduled to be vacant at closing, with distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 467 E 159th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two residential units: first floor has 3 bedrooms and 2 bathrooms; second floor has 2 bedrooms and 1 bathroom; Finished basement with walk‑out access; Both units delivered vacant at closing
