Two-Family Home with
New
For Sale
$799,000
681 E 240th Street, Bronx, NY 10470
Ductless heating and cooling serve the interiors, with a front porch and rear garden extending the living space outdoors.
Property Size2,364 SF
Price / SF$337.99
Days on Market6
Property Features for 681 E 240th Street
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,445
Amenities
front porch
back garden
Building Details
Building Size
2,364 SF
Year Built
1910
Listing Agency:
Keller Williams Realty Group
Listed By:
Erin E. Lee
(914) 713-3270
Source:
Shawmetro
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 2:39PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,364 square feet and was built in 1910. Its rooms receive natural light, and the property includes a front porch and back garden. Kitchens have white cabinetry, contrasting backsplashes, stainless steel appliances, and ample counter space. Tiled bathrooms feature contemporary vanities, and ductless heating and cooling units are installed throughout.
The property is approximately 0.1 mile from the Wakefield-241st Street 2 train station, with Metro-North service at Wakefield station nearby. White Plains Road offers shopping, dining, markets, and everyday services in the surrounding area.
The property is approximately 0.1 mile from the Wakefield-241st Street 2 train station, with Metro-North service at Wakefield station nearby. White Plains Road offers shopping, dining, markets, and everyday services in the surrounding area.
Key Highlights
- Two‑family duplex with 2,364 square feet
- Built in 1910
- Front porch and back garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,049
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,980
$1.2M
Cap Rate 7%
$857,843
$857.8K
Cap Rate 9%
$667,211
$667.2K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$90.8K $38.40/SF
− Vacancy
−$5.0K −$2.11/SF
EGI
$85.8K $36.29/SF
− OpEx
−$25.7K −$10.89/SF
NOI
$60.0K $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%
$1,200,980
Cap Rate 7%
$857,843
Cap Rate 9%
$667,211
Alternative Uses
Best Use
Multifamily LT 5
$857.8K
$750.6K – $1.00M
NOI $60,049 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$776.9K
$679.8K – $906.4K
NOI $54,381 @ 7.0% cap · market cap 6.81%
Theoretical Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,666 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
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 - Ductless heating and cooling serve the interiors, with a front porch and rear garden extending the living space outdoors.
Where is this duplex located?
The property is located at 681 E 240th Street Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family duplex with 2,364 square feet; Built in 1910; Front porch and back garden
