Semi-Detached Two-Family
881 Longfellow Ave The, Bronx, NY 10474
For Sale
$900,000
Semi-detached two-family home with 4BR and 3BR units plus a finished basement.
Property Size2,308 SF
Days on Market151
Property Features for 881 Longfellow Ave The
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Bakary Camara · License NY 40CA1173900
(917) 568-5763
Source:
Elliman
Added: Jun 12
Changed: Oct 31
Last Checked: Nov 8 at 6:49AM
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 BESMATCH REAL ESTATE
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Investment Insights
Based on property information with market context.
This semi-detached two-family residence is configured with a 4-bedroom unit over a 3-bedroom unit. The property also includes a finished basement, adding usable interior space beyond the main living areas. The overall layout is suited to owner-occupants who want separate bedrooms and spaces across both levels, as well as investors looking for a straightforward two-unit setup within one building.
Located near transportation, schools, shopping, and major highways, the property offers convenient day-to-day accessibility. Prospective tenants and buyers typically value the combination of transit access and nearby daily needs, which can support straightforward leasing and re-leasing cycles for a two-family asset.
With two separate units and a total bedroom mix spanning 4BR and 3BR, this home provides a practical residential income structure. The finished basement can broaden options for storage, recreation, or additional living use, depending on how the space is outfitted. Overall, it is a clear, functional choice for investors and occupants seeking a semi-detached, two-family property with defined bedroom counts and additional basement space in one address.
Located near transportation, schools, shopping, and major highways, the property offers convenient day-to-day accessibility. Prospective tenants and buyers typically value the combination of transit access and nearby daily needs, which can support straightforward leasing and re-leasing cycles for a two-family asset.
With two separate units and a total bedroom mix spanning 4BR and 3BR, this home provides a practical residential income structure. The finished basement can broaden options for storage, recreation, or additional living use, depending on how the space is outfitted. Overall, it is a clear, functional choice for investors and occupants seeking a semi-detached, two-family property with defined bedroom counts and additional basement space in one address.
Key Highlights
- Semi‑detached 2‑family home built in 1901
- Unit layout includes a 4BR over a 3BR configuration
- Finished basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,627
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,540
$1.2M
Cap Rate 7%
$837,529
$837.5K
Cap Rate 9%
$651,411
$651.4K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$88.6K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$83.8K $36.29/SF
− OpEx
−$25.1K −$10.89/SF
NOI
$58.6K $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%
$1,172,540
Cap Rate 7%
$837,529
Cap Rate 9%
$651,411
Alternative Uses
Best Use
Multifamily LT 5
$837.5K
$732.8K – $977.1K
NOI $58,627 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$758.5K
$663.7K – $884.9K
NOI $53,092 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.10M
$963.6K – $1.28M
NOI $77,088 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Semi-detached two-family home with 4BR and 3BR units plus a finished basement.
Where is this duplex located?
The property is located at 881 Longfellow Ave The 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: Semi‑detached 2‑family home built in 1901; Unit layout includes a 4BR over a 3BR configuration; Finished basement included
