Wakefield Bronx Two-Family
For Sale
$670,000
Pending
999 E 241st St The, Bronx, NY 10466
Two-family house in Wakefield area, close to amenities.
Property Size1,440 SF
Lot Size0.06 Acres
Days on Market319
Property Features for 999 E 241st St The
General Information
Standard status
Pending
Size
1,440 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,397
Building Details
Building Size
1,440 SF
Year Built
1920
Units
2
Listing Agency:
Nevers Realty, LLC
Listed By:
Garth A. Nevers Jr
(347) 353-7519
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 10
Last Checked: Oct 12 at 9:10PM
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 Nevers Realty, LLC
Investment Insights
Based on property information with market context.
Located in the Wakefield area of the Bronx, this two-family house at 999 East 241 Street features a two-bedroom apartment over a one-bedroom apartment, along with a finished basement. The property includes a detached one-car garage. This property is positioned as an investment opportunity. The location provides proximity to schools, parks, shopping, major highways, and mass transit, with the 2 train within walking distance.
Key Highlights
- Two‑family house, ideal for investment or multi‑generational living
- Detached one‑car garage included
- Convenient location near schools, parks, shopping, major highways, and mass transit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,578
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,560
$731.6K
Cap Rate 7%
$522,543
$522.5K
Cap Rate 9%
$406,422
$406.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$55.3K $38.40/SF
− Vacancy
−$3.0K −$2.11/SF
EGI
$52.3K $36.29/SF
− OpEx
−$15.7K −$10.89/SF
NOI
$36.6K $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%
$731,560
Cap Rate 7%
$522,543
Cap Rate 9%
$406,422
Alternative Uses
Best Use
Multifamily LT 5
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 4.94%
Theoretical Best
Warehouse
$997.8K
$873.1K – $1.16M
NOI $69,847 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,130
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family house in Wakefield area, close to amenities.
Where is this duplex located?
The property is located at 999 E 241st St The Bronx, NY.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Two‑family house, ideal for investment or multi‑generational living; Detached one‑car garage included; Convenient location near schools, parks, shopping, major highways, and mass transit
