Brick Duplex with Finished
For Sale
$1,195,000
641 E 230th Street, Bronx, NY 10466
Two residential units offer three-bedroom layouts, private primary baths, and access to a finished above-ground basement.
Property Size2,880 SF
Price / SF$414.93
Days on Market8
Property Features for 641 E 230th Street
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,787
Amenities
security camera system
washer/dryer in common area
Building Details
Building Size
2,880 SF
Year Built
2010
Buildings
1
Construction
all-brick
Listing Agency:
Do All Realty
(718) 584-1000
Listed By:
Pincus M. Fulop
Source:
Shawmetro
Added: Aug 21
Changed: Aug 27
Last Checked: Aug 27 at 10:21PM
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 Do All Realty
Investment Insights
Based on property information with market context.
This two-family brick duplex was built in 2010 and includes two substantial apartments, each arranged with three bedrooms and two full bathrooms. Both units feature a primary suite with a private bath and walk-in closet. A finished above-ground basement adds two bedrooms, a full bathroom, a kitchen, and a separate entrance. Two-car parking, shared washer and dryer facilities, and an installed security camera system add practical functionality. The property is configured with 3 electric meters and 2 gas meters.
The property is a 3-minute walk from Montefiore Medical Center and approximately a 5-minute walk from the 2 and 5 subway lines. Shopping, restaurants, schools, and other neighborhood amenities are also identified nearby.
The property is a 3-minute walk from Montefiore Medical Center and approximately a 5-minute walk from the 2 and 5 subway lines. Shopping, restaurants, schools, and other neighborhood amenities are also identified nearby.
Key Highlights
- Two‑family brick duplex built in 2010
- Each apartment has 3 bedrooms and 2 full bathrooms
- Finished above‑ground basement with 2 bedrooms, full bathroom, kitchen, and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,157
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,140
$1.5M
Cap Rate 7%
$1,045,100
$1.0M
Cap Rate 9%
$812,856
$812.9K
Market Conditions
NOI Build-Up for 2,880 SF
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.
Gross rent
$110.6K $38.40/SF
− Vacancy
−$6.1K −$2.11/SF
EGI
$104.5K $36.29/SF
− OpEx
−$31.4K −$10.89/SF
NOI
$73.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,140
Cap Rate 7%
$1,045,100
Cap Rate 9%
$812,856
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$914.5K – $1.22M
NOI $73,157 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$946.4K
$828.1K – $1.10M
NOI $66,250 @ 7.0% cap · market cap 5.54%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,695 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,946
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts, private primary baths, and access to a finished above-ground basement.
Where is this duplex located?
The property is located at 641 E 230th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 2010; Each apartment has 3 bedrooms and 2 full bathrooms; Finished above‑ground basement with 2 bedrooms, full bathroom, kitchen, and separate entrance
