Two-Unit Brick
New
For Sale
$725,000
865 E 215th Street, Bronx, NY 10467
Two two-bedroom apartments include bonus rooms, while the finished basement has a separate entrance.
Property Size1,680 SF
Price / SF$431.55
Days on Market6
Property Features for 865 E 215th Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,546
Amenities
backyard
Building Details
Building Size
1,680 SF
Year Built
1935
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Hermi Aquino · License #30AQ1103641
(646) 685-6269
Source:
Shawmetro
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 30 at 11:32PM
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 RE/MAX Distinguished Hms.&Prop
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Investment Insights
Based on property information with market context.
This brick duplex contains two two-bedroom apartments, each with a living room, dining room, and kitchen. Both units also have a bonus room. The first-floor apartment features vinyl flooring, a full bath, spacious closets, and access to the backyard and basement. A finished basement has a separate entrance, and the property includes a backyard. Built in 1935, the building contains 1,680 square feet.
The property is in the Williamsbridge section of the Bronx, steps from the #2 and #5 subway station. Multiple bus lines, shopping, schools, hospitals, major parkways, and restaurants are also nearby.
The property is in the Williamsbridge section of the Bronx, steps from the #2 and #5 subway station. Multiple bus lines, shopping, schools, hospitals, major parkways, and restaurants are also nearby.
Key Highlights
- Two two‑bedroom apartments, each with a bonus room
- Finished basement with separate entrance
- Brick building constructed in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,904
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,080
$818.1K
Cap Rate 7%
$584,343
$584.3K
Cap Rate 9%
$454,489
$454.5K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$62.5K $37.20/SF
− Vacancy
−$4.1K −$2.42/SF
EGI
$58.4K $34.78/SF
− OpEx
−$17.5K −$10.43/SF
NOI
$40.9K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,080
Cap Rate 7%
$584,343
Cap Rate 9%
$454,489
Alternative Uses
Best Use
Multifamily LT 5
$584.3K
$511.3K – $681.7K
NOI $40,904 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.04%
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,489 @ 7.0% cap · market cap 11.24%
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
2,654
Businesses Nearby
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Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 - Two two-bedroom apartments include bonus rooms, while the finished basement has a separate entrance.
Where is this duplex located?
The property is located at 865 E 215th Street Bronx, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two two‑bedroom apartments, each with a bonus room; Finished basement with separate entrance; Brick building constructed in 1935
