Six-Bedroom
For Sale
$730,000
738 E 229th Street, Bronx, NY 10466
The Colonial-style residence includes an eat-in kitchen and two full bathrooms.
Property Size2,396 SF
Price / SF$304.67
Days on Market247
Property Features for 738 E 229th Street
General Information
Standard status
Active
Size
2,396 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,080
Building Details
Building Size
2,396 SF
Year Built
1920
Construction
Colonial-style
Listing Agency:
Island Advantage Realty LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Dallingrealestate
Added: Feb 26
Changed: Oct 29
Last Checked: Oct 26 at 3:25PM
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 Island Advantage Realty LLC
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Investment Insights
Based on property information with market context.
Configured as a two-family Colonial-style residence, the property contains six bedrooms and two full bathrooms. An eat-in kitchen serves the home’s residential layout.
The building dates to 1920 and encompasses 2,396 square feet. Its two-family configuration and bedroom count are the primary details of the property.
The building dates to 1920 and encompasses 2,396 square feet. Its two-family configuration and bedroom count are the primary details of the property.
Key Highlights
- Two‑family Colonial‑style residence
- Six bedrooms and two full bathrooms
- 2,396 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,862
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,240
$1.2M
Cap Rate 7%
$869,457
$869.5K
Cap Rate 9%
$676,244
$676.2K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$92.0K $38.40/SF
− Vacancy
−$5.1K −$2.11/SF
EGI
$86.9K $36.29/SF
− OpEx
−$26.1K −$10.89/SF
NOI
$60.9K $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%
$1,217,240
Cap Rate 7%
$869,457
Cap Rate 9%
$676,244
Alternative Uses
Best Use
Multifamily LT 5
$869.5K
$760.8K – $1.01M
NOI $60,862 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$787.4K
$689.0K – $918.6K
NOI $55,117 @ 7.0% cap · market cap 7.55%
Theoretical Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,218 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,069
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The Colonial-style residence includes an eat-in kitchen and two full bathrooms.
Where is this duplex located?
The property is located at 738 E 229th Street Bronx, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two‑family Colonial‑style residence; Six bedrooms and two full bathrooms; 2,396 square feet
