Two-Unit Duplex with Finished
861 Home Street, Bronx, NY 10459
For Sale
$900,000
Upper and lower apartments offer a five-bedroom layout, complemented by a finished basement with a separate entrance.
Property Size1,992 SF
Price / SF$451.81
Days on Market43
Property Features for 861 Home Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
fenced backyard
patio
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Century 21 Milestone Team Rlty
(718) 291-7000
Listed By:
Tano Holmes
(857) 253-1101
Source:
Adamstreetrealty
Added: Sep 28
Changed: Nov 7
Last Checked: Nov 8 at 12:45PM
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 Century 21 Milestone Team Rlty
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Investment Insights
Based on property information with market context.
This legal two-family duplex has a three-bedroom apartment on the upper level and a two-bedroom apartment below, totaling five bedrooms and three full and two half bathrooms. A finished basement with its own exterior entrance adds usable space. The rear yard has privacy fencing and pavers, and two-car parking is provided in front of the home. Built in 1991, the property is located south of Crotona Park, near the 2 and 5 train lines.
Key Highlights
- Legal two‑family duplex with a 3‑bedroom upper apartment and 2‑bedroom lower apartment
- Five bedrooms and three full plus two half bathrooms
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,600
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,000
$1.0M
Cap Rate 7%
$722,857
$722.9K
Cap Rate 9%
$562,222
$562.2K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$76.5K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.3K $36.29/SF
− OpEx
−$21.7K −$10.89/SF
NOI
$50.6K $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%
$1,012,000
Cap Rate 7%
$722,857
Cap Rate 9%
$562,222
Alternative Uses
Best Use
Multifamily LT 5
$722.9K
$632.5K – $843.3K
NOI $50,600 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$654.6K
$572.8K – $763.7K
NOI $45,823 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$950.5K
$831.7K – $1.11M
NOI $66,533 @ 7.0% cap · market cap 7.39%
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
4,708
Businesses Nearby
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Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
Median Home Value
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Market
Average Price Trend$/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 - Upper and lower apartments offer a five-bedroom layout, complemented by a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 861 Home Street Bronx, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Legal two‑family duplex with a 3‑bedroom upper apartment and 2‑bedroom lower apartment; Five bedrooms and three full plus two half bathrooms; Finished basement with a separate entrance
