Two-Family Residential Income
677 East 241st Street Bronx, NY 10470
For Sale
$900,000
Two-family home featuring two-bedroom and three-bedroom units, plus a basement and side-street parking.
Property Size2,136 SF
Price / SF$421.35
Days on Market77
Property Features for 677 East 241st Street
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Manufactured On Land
Building Details
Year Built
1925
Listing Agency:
American Homes Realty Inc.
(929) 447-5617
Listed By:
Joan M. Sosa
(929) 447-5617
Source:
Compass
Added: May 12
Changed: Jul 23
Last Checked: Jul 24 at 12:39PM
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 American Homes Realty Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property consists of a 2-bedroom/1-bath unit over a 3-bedroom/1-bath unit, along with a basement. The layout supports two separate dwellings within one building.
The property includes side street parking.
Suitable for buyers seeking a straightforward two-family configuration with defined unit separation and basement space.
The property includes side street parking.
Suitable for buyers seeking a straightforward two-family configuration with defined unit separation and basement space.
Key Highlights
- Two‑family home with a 2BD/1B unit over a 3BD/1B unit
- Full basement and side‑street parking
- Brick construction
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 | $82.0k | $38.40 |
| − Vacancy | −$4.5k | −$2.11 |
| EGI | $77.5k | $36.29 |
| − OpEx | −$23.3k | −$10.89 |
| NOI | $54.3k | $25.40 |
2,136 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$775.1K
$678.2K – $904.3K
NOI $54,258 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$701.9K
$614.2K – $818.9K
NOI $49,136 @ 7.0% cap · market cap 5.46%
Theoretical Best
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,607 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home featuring two-bedroom and three-bedroom units, plus a basement and side-street parking.
Where is this duplex located?
The property is located at 677 East 241st Street Bronx, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑family home with a 2BD/1B unit over a 3BD/1B unit; Full basement and side‑street parking; Brick construction
