Two-Unit Brick
858 Morris Park Ave, Bronx, NY 10462
For Sale
$1,050,000
Both residences are occupied and configured with three bedrooms and one full bathroom apiece.
Property Size2,900 SF
Price / SF$362.07
Days on Market25
Property Features for 858 Morris Park Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Annpauline Creamer
(914) 277-8040
Source:
Jaida.mappmyhome
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 6:37AM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
This 2,900-square-foot brick duplex, built in 1970, contains two apartments, each with three bedrooms and one full bathroom. Both units are tenant-occupied. A finished basement adds flexible interior space beyond the two residences.
The property is at 858 Morris Park Ave in the Bronx, near shopping, restaurants, public transportation and neighborhood amenities.
The property is at 858 Morris Park Ave in the Bronx, near shopping, restaurants, public transportation and neighborhood amenities.
Key Highlights
- Two apartments, each with three bedrooms and one full bathroom
- Both residences are tenant‑occupied
- 2,900 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,420
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,400
$1.4M
Cap Rate 7%
$1,006,000
$1.0M
Cap Rate 9%
$782,444
$782.4K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$106.1K $36.60/SF
− Vacancy
−$5.5K −$1.91/SF
EGI
$100.6K $34.69/SF
− OpEx
−$30.2K −$10.41/SF
NOI
$70.4K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,400
Cap Rate 7%
$1,006,000
Cap Rate 9%
$782,444
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.3K – $1.17M
NOI $70,420 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$896.6K
$784.5K – $1.05M
NOI $62,763 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,861 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
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Market
Average Price Trend$/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 - Both residences are occupied and configured with three bedrooms and one full bathroom apiece.
Where is this duplex located?
The property is located at 858 Morris Park Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two apartments, each with three bedrooms and one full bathroom; Both residences are tenant‑occupied; 2,900 square feet of building area
