2-Unit Brick
For Sale
$999,000
Pending
653 Saint Lawrence Avenue, Bronx, NY 10473
Two three-bedroom residences are paired with a finished lower level and updated mechanical systems.
Property Size2,800 SF
Days on Market15
Property Features for 653 Saint Lawrence Avenue
General Information
Standard status
Pending
Size
2,800 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3-bedroom
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,462
Building Details
Building Size
2,800 SF
Year Built
1955
Construction
brick
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Mildred M. Valentin · License #40VA1114859
(646) 957-4648
Source:
Serhant
Added: Sep 23
Changed: Oct 6
Last Checked: Oct 5 at 8:58PM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
This 1955 semi-detached brick duplex contains two residential units, each with three bedrooms. A finished, above-grade lower level provides additional interior space, and the building has updated mechanical systems.
The property is in the Soundview section of the Bronx, with access to the Soundview/Clason Point NYC Ferry and service to Manhattan. Neighborhood shopping, schools, parks, major highways, and other transportation options are also nearby. Bruckner-area retail is approximately 10 minutes away.
The property is in the Soundview section of the Bronx, with access to the Soundview/Clason Point NYC Ferry and service to Manhattan. Neighborhood shopping, schools, parks, major highways, and other transportation options are also nearby. Bruckner-area retail is approximately 10 minutes away.
Key Highlights
- Two residential units, each with 3 bedrooms
- Finished above‑grade lower level
- Semi‑detached brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,124
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
$1.4M
Cap Rate 7%
$1,016,057
$1.0M
Cap Rate 9%
$790,267
$790.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$107.5K $38.40/SF
− Vacancy
−$5.9K −$2.11/SF
EGI
$101.6K $36.29/SF
− OpEx
−$30.5K −$10.89/SF
NOI
$71.1K $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%
$1,422,480
Cap Rate 7%
$1,016,057
Cap Rate 9%
$790,267
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$920.1K
$805.1K – $1.07M
NOI $64,410 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,814 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences are paired with a finished lower level and updated mechanical systems.
Where is this duplex located?
The property is located at 653 Saint Lawrence Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms; Finished above‑grade lower level; Semi‑detached brick construction
