Two-Unit Bungalow
485 Minnieford Avenue Bronx, NY 10464
For Sale
$599,000
Two bungalow residences sit on a 50x100 lot, with recent exterior and roof updates and one unit currently winterized.
Property Size1,149 SF
Lot Size0.11 Acres
Price / SF$521.32
Days on Market19
Property Features for 485 Minnieford Avenue
General Information
- Standard status
- Active
- Size
- 1,149 SF
- Lot size
- 0.11 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1925
Listing Agency:
Seas The Day Realty LLC
(646) 208-6137
Listed By:
Vittina Ruggiero
(646) 208-6137
Source:
Compass
Added: Jul 5
Changed: Jul 22
Last Checked: Jul 23 at 9:03AM
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 Seas The Day Realty LLC
Investment Insights
Based on property information with market context.
This for-sale two-unit bungalow property includes two separate residential structures on a 50x100 lot. The homes are positioned for use as two residences as shown. Reported updates include roof and exterior paint work completed in 2019, and hot water heaters installed in 2023. 485 Minnieford Avenue has been winterized and is currently without heat or running water.
The property is located in the Bronx and is described as being in the R3A building class and B9 two-family zone. The site is in an AE flood zone and has an existing FEMA policy in place; flood insurance may be required. Cash-only sale is noted in the remarks. Taxes are reported as not reflecting the STAR exemption.
The property is located in the Bronx and is described as being in the R3A building class and B9 two-family zone. The site is in an AE flood zone and has an existing FEMA policy in place; flood insurance may be required. Cash-only sale is noted in the remarks. Taxes are reported as not reflecting the STAR exemption.
Key Highlights
- Two bungalow residences on a 50x100 lot in an R3A, B9 two‑family zone
- Updates include roofs and exterior paint (2019) and hot water heaters (2023)
- One home is winterized and currently has no heat or running water (485 Minnieford Avenue)
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 | $44.1k | $38.40 |
| − Vacancy | −$2.4k | −$2.11 |
| EGI | $41.7k | $36.29 |
| − OpEx | −$12.5k | −$10.89 |
| NOI | $29.2k | $25.40 |
1,149 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,186 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$377.6K
$330.4K – $440.5K
NOI $26,431 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$796.2K
$696.7K – $928.9K
NOI $55,732 @ 7.0% cap · market cap 9.30%
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 - Two bungalow residences sit on a 50x100 lot, with recent exterior and roof updates and one unit currently winterized.
Where is this duplex located?
The property is located at 485 Minnieford Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two bungalow residences on a 50x100 lot in an R3A, B9 two‑family zone; Updates include roofs and exterior paint (2019) and hot water heaters (2023); One home is winterized and currently has no heat or running water (485 Minnieford Avenue)
