Vacant Two-Unit
For Sale
$899,000
592 Beech Terrace, Bronx, NY 10454
Legal two-family property with separate residences, driveway access, and private outdoor areas.
Property Size2,322 SF
Days on Market217
Property Features for 592 Beech Terrace
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,851
Amenities
private driveway
private yard space
Building Details
Building Size
2,322 SF
Year Built
1999
Listing Agency:
ERA/Top Service Realty Inc
Listed By:
Teodora E. Gomez · License #30GO0645184
(718) 464-5800
Source:
Serhant
Added: Mar 4
Changed: Oct 7
Last Checked: Oct 5 at 9:38PM
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 ERA/Top Service Realty Inc
Investment Insights
Based on property information with market context.
Built in 1999, this legal two-family duplex is being offered vacant and includes two distinct residential units. The upper residence provides 3 bedrooms and 2 bathrooms, while the ground-floor unit contains 2 bedrooms and 1 bathroom.
The property also includes a private driveway and private yard areas. Its vacant delivery allows the next owner to establish occupancy according to their plans, whether for personal use, rental use, or a combination of both.
The property also includes a private driveway and private yard areas. Its vacant delivery allows the next owner to establish occupancy according to their plans, whether for personal use, rental use, or a combination of both.
Key Highlights
- Legal 2‑family property delivered fully vacant
- Upper unit includes 3 bedrooms and 2 bathrooms
- Ground‑floor unit offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,983
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,660
$1.2M
Cap Rate 7%
$842,614
$842.6K
Cap Rate 9%
$655,367
$655.4K
Market Conditions
NOI Build-Up for 2,322 SF
Gross rent
$89.2K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$84.3K $36.29/SF
− OpEx
−$25.3K −$10.89/SF
NOI
$59.0K $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%
$1,179,660
Cap Rate 7%
$842,614
Cap Rate 9%
$655,367
Alternative Uses
Best Use
Multifamily LT 5
$842.6K
$737.3K – $983.1K
NOI $58,983 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$763.1K
$667.7K – $890.2K
NOI $53,414 @ 7.0% cap · market cap 5.94%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,629 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,762
Businesses Nearby
Explore this area
Business Placement
Demographics for 10454, NY
40,232
Population
15,397
Households
2.6
Avg Household Size
33
Median Age
14%
College-Educated
62%
High-School Grad
1.1 sq mi
ZIP Area
36,575
Density / Sq Mi
$27,500
Median Household Income
$31,243
Median Earnings
$1,064
Median Rent
$780,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate residences, driveway access, and private outdoor areas.
Where is this duplex located?
The property is located at 592 Beech Terrace Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal 2‑family property delivered fully vacant; Upper unit includes 3 bedrooms and 2 bathrooms; Ground‑floor unit offers 2 bedrooms and 1 bathroom
