Two-Family Duplex
825 E 224th Street Unit 2, Bronx, NY 10466
For Sale
$949,000
The property contains separate residences, including a two-level unit with three bedrooms and three bathrooms.
Property Size3,276 SF
Price / SF$289.68
Days on Market104
Property Features for 825 E 224th Street Unit 2
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Kerry Anne Reese
Listed By:
Kerry Ann Reese
(646) 833-6154
Source:
Dallingrealestate
Added: Jul 29
Changed: Nov 8
Last Checked: Nov 8 at 12:30PM
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 Kerry Anne Reese
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Investment Insights
Based on property information with market context.
Built in 2008, this duplex property comprises two residences. The first-level unit has two bedrooms and one bathroom. The other residence spans two levels and includes three bedrooms, two full bathrooms, and one half bathroom. Its bedrooms are described as large.
The building contains 3,276 square feet and is located at 825 E 224th Street in the Bronx, New York.
The building contains 3,276 square feet and is located at 825 E 224th Street in the Bronx, New York.
Key Highlights
- 3,276‑square‑foot duplex property
- First‑level residence has 2 bedrooms and 1 bathroom
- Two‑level residence includes 3 bedrooms, 2 full bathrooms, and 1 half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,216
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,320
$1.7M
Cap Rate 7%
$1,188,800
$1.2M
Cap Rate 9%
$924,622
$924.6K
Market Conditions
NOI Build-Up for 3,276 SF
Gross rent
$125.8K $38.40/SF
− Vacancy
−$6.9K −$2.11/SF
EGI
$118.9K $36.29/SF
− OpEx
−$35.7K −$10.89/SF
NOI
$83.2K $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%
$1,664,320
Cap Rate 7%
$1,188,800
Cap Rate 9%
$924,622
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,216 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$1.08M
$942.0K – $1.26M
NOI $75,360 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,419 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,871
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
$605,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Bronx, NY
Properties on Market for Duplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains separate residences, including a two-level unit with three bedrooms and three bathrooms.
Where is this duplex located?
The property is located at 825 E 224th Street Unit 2 Bronx, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,276‑square‑foot duplex property; First‑level residence has 2 bedrooms and 1 bathroom; Two‑level residence includes 3 bedrooms, 2 full bathrooms, and 1 half bathroom
