Two-Family Residential
For Sale
$799,000
681 E 240th Street, Bronx, NY 10470
Residential Income, Bronx, NY
Property Size2,364 SF
Lot Size0.05 Acres
Price / SF$337.99
Days on Market12
Property Features for 681 E 240th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
On Street
Interior features
Eat-in Kitchen, Granite Counters
Basement
Finished, Walk-Out Access
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Special listing conditions
In Foreclosure
Standard status
Active
APN
05083-0003
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5445
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
front porch
back garden
ductless heating and cooling units
Building Details
Year built
1910
Number of units
2
Building materials
Frame
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Erin E. Lee
(917) 816-1411
Added: Sep 26
Changed: Oct 7
Last Checked: Oct 7 at 9:06PM
MLS# 1055553
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex contains approximately 2,364 square feet of living area, with four bedrooms, two bathrooms, and a basement. The kitchens include eat-in space, granite counters, white cabinetry, contrasting backsplashes, and stainless steel appliances. Tiled bathroom finishes and contemporary vanities are also noted. Outdoor features include a front porch and back garden; the property was built in 1910.
The home is 0.1 mile from the Wakefield-241st Street 2 train station. Metro-North service is available from the nearby Wakefield station, and White Plains Road offers shopping, dining, markets, and everyday services. The property is in the Wakefield section of the Bronx, near the Bronx-Westchester border.
The home is 0.1 mile from the Wakefield-241st Street 2 train station. Metro-North service is available from the nearby Wakefield station, and White Plains Road offers shopping, dining, markets, and everyday services. The property is in the Wakefield section of the Bronx, near the Bronx-Westchester border.
Key Highlights
- Approximately 2,364 square feet of living area
- Two‑family configuration with four bedrooms and two bathrooms
- 0.0505‑acre lot
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,073
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four bedrooms, two bathrooms, a basement, a front porch, and a back garden provide a varied residential layout.
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: Approximately 2,364 square feet of living area; Two‑family configuration with four bedrooms and two bathrooms; 0.0505‑acre lot
