Two-Family Duplex With
622 E 223rd Street Bronx, NY 10466
For Sale
$625,000
Pending
Two-family duplex with large living room and large backyard, sold as-is and needing work; call for viewing.
Property Size1,448 SF
Days on Market1006
Property Features for 622 E 223rd Street
General Information
- Standard status
- Pending
- Size
- 1,448 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
Laujel Realty Corp.
(646) 837-3505
Listed By:
Christina A. Stevens · License #31TA0851489
(646) 837-3505
Source:
Exitrealty
Added: Oct 23, 2023
Changed: Jul 22
Last Checked: Jul 23 at 5:41AM
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 Laujel Realty Corp.
Investment Insights
Based on property information with market context.
This two-family duplex includes a large living room and a large backyard. The property is being offered for sale and is described as needing work, so buyers should plan for renovation and updates. The seller requests that interested parties call to schedule a viewing.
The home is located at 622 E 223rd Street in the Bronx, NY 10466.
The home is located at 622 E 223rd Street in the Bronx, NY 10466.
Key Highlights
- Two‑family duplex built in 1925
- Large living room
- Large backyard
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 | $55.6k | $38.40 |
| − Vacancy | −$3.1k | −$2.11 |
| EGI | $52.5k | $36.29 |
| − OpEx | −$15.8k | −$10.89 |
| NOI | $36.8k | $25.40 |
1,448 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.5K
$459.8K – $613.0K
NOI $36,782 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$475.8K
$416.4K – $555.2K
NOI $33,309 @ 7.0% cap · market cap 5.33%
Theoretical Best
Warehouse
$1.00M
$877.9K – $1.17M
NOI $70,235 @ 7.0% cap · market cap 11.24%
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-family duplex with large living room and large backyard, sold as-is and needing work; call for viewing.
Where is this duplex located?
The property is located at 622 E 223rd Street Bronx, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family duplex built in 1925; Large living room; Large backyard
