1024 Faile St, Bronx, NY 10459
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Property image
OFF MARKET

1024 Faile St
Bronx, NY 10459

Longwood
  • 12 Beds
  • 4 Baths
  • 4,530 sqft

$1,353,700

Trulia Estimate
as of Aug 5, 2026
Est. Refi. Payment $7,929/mo*
Refinance Your Home

$1,353,700

Trulia Estimate
as of Aug 5, 2026
Est. Refi. Payment $7,929/mo*
Refinance Your Home
12 Beds
4 Baths
4,530 sqft

Local Information

  • Map ViewExplore the area around 1024 Faile St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1901
Living Area
4,530 sqft
Price/Sqft
$299

About this House

0VER 10% GROSS CAP RATE !
**Investor's Dream** There is no catch!
Ideal Location: Faile St. rated "Walker's Paradise" by Zillow

THE OPPORTUNITY:  Receive $136,200 Yearly Gross Income!
This is a unique, gut renovated, 20ft-wide bowed-facade prewar 3-family townhouse on a superb block with W/D in each unit, low taxes and expenses. Tenants pay all utilities!
Yearly Real Estate Taxes are only $4,978

LAYOUT AND RENT-ROLL:
This collection-worthy building consists of:
-  Apt 1:  7-Rm/ 4-Bedrm + finished windowed basement / Recreation Rm/ 2 Bathrms/ Bowed Living Rm
This duplex is composed of an elevated Ground Floor-through + full Windowed Basement
Both floors offer direct access to a stunning private Garden.
Current Tenant pays: $4750 pm plus all utilities
Excellent and stable Tenant for the past 8 yrs.
-  Apt 2: 2nd floor-through apt composed of 6-Rm/ 4-Bedrm/ 1-Bath/ Bowed Living rm
Present Tenant pays $3200 pm  plus all utilities
For rental increase, one could decide to give this unit access to the garden via the fire-escape, or to the roof-deck presently bare.  
-  Apt 3: 3rd floor-through apt composed of 6-Rm/ 4-Bedrm/ 1-Bath / Bowed Living Rm:
Present Tenant pays $3400 pm  plus all utilities
For rental increase, one could decide to give this unit access to the garden via the fire-escape, or to the roof-deck presently bare.  
-----------
Total income: $136,200 p.yr
At the purchase price of $1.299M: gross cap rate is 10.4%  
A truly exceptional cap rate while the average in the Bronx is closer to 5%.
Present Insurance = $5125 per year, imposed by the financing bank. Bought all cash, a lower insurance cost would be possible for liability only.

DIMENSIONS:
Property Shark states 3330 sf, + finished windwd basmt + bath of 1200 gross sf = 4530. CONSULT YOUR ARCHITECT for accuracy.
This is a rare 20'-wide facade, offering ample space within
Built 60' deep = 1200 gross sf per fl + 1200 basmtt = 4800 gross sf
On a 100'  lot, allowing a wonderful garden of 20' x 40'

ARCHITECTURE:
This is an elegant and noble 20-ft-wide building within a row built in 1901, inspired by Italianate and Beaux-Art styles. It presents a bowed facade, accented by beige brick and limestone details, and stunning cornices. The entire Tree-Lined street has a superb Striver's Row feel as bowed facades alternate with trigonal bays. If it were in Manhattan, no doubt this harmonious tree-lined block would already be a historic landmark. Future will tell!

FEATURES:
Elegantly designed, each apartment offers:
- wonderful oak floors
- refinished exposed brick walls
- high ceilings
- an open kitchen with stainless steel appliances: dish washer,  microwave, direct venting, granite countertops, glass backsplash
 New Hardwood Floors, High Ceilings. Washer/Dryer in the apartment. Marble Bathroom. Queen size bedrooms. Closets in all the bedrooms
- washer and gas-dryer within their dedicated closet and direct outside venting
- Marble Bathroom
- Queen size bedrooms with closet space in all the bedrooms
- Views and quietude are exceptional on this stunning beautiful tree lines street
- Double-Pane windows throughout
This townhouse has 3 recent gas boilers, 3 recent hot-water heaters
The 3 Washer and Dryers are included
There is new gas piping throughout the property
Tenants pay all utilities

SUPERB LOCATION: Faile Street, truly a block to discover!
This stunning and quiet tree-lined street offers a unique residential flavor, all convenient services:
- Chase Bank a few steps away
- restaurants and bars
- Immediate proximity to all subway lines toward East and West Manhattan, Fordham U., etc.
You won't lack conveniences in Longwood, one of the Bronx's fastest growing areas

TRANSPORTATION:
3 blocks from the  2 and 6 trains at either Hunts Point or Simpson stations
Buses 2 to 4 blocks away
City Bike and Scooter stations within 3 blocks

THIS WILL SELL FAST, BASED ON THE GROSS CAP RATE OF OVER 10%
1024 Faile St, Bronx, NY 10459 is a 12 bedroom, 4 bathroom, 4,530 sqft multi-family in Longwood, built in 1901. It last sold for $1,280,000 on May 8, 2024. It is currently off market. The Trulia Estimate is $1,353,700, with a rent estimate of $3,517/month.

Home Details for 1024 Faile St

Interior Features

Levels, Entrance, & Accessibility
Stories: 3
Appliances & Utilities
DishwasherDryerWasher

Exterior Features

Exterior Home Features
Roof: SlateExterior: BrickGarden

Property Information

Year Built
Year Built: 1901Year Updated: 1901
Property Type / Style
Property Type: Multi FamilyArchitecture: Other

Community

Units in Building: 3

Lot Information

Lot Area: 2178 sqft

Price History for 1024 Faile St

DatePriceEventSource
05/08/2024$1,280,000Sold
N/A
11/10/2023ListingRemovedStreetEasy
09/10/2023$1,299,000Listed For SaleStreetEasy
07/05/2016$810,000Sold
N/A
04/24/2016$795,000PendingAgent Provided
02/08/2016$795,000PendingToActiveAgent Provided
01/16/2016$795,000PendingAgent Provided
08/17/2015$795,000Listed For SaleAgent Provided
07/07/2014$280,000Sold
N/A
06/18/2013$299,000ListingRemovedAgent Provided
01/06/2013$299,000Listed For SaleAgent Provided
03/14/2010$390,000Sold
N/A
07/17/2006$489,000Sold
N/A
12/20/2004$390,000Sold
N/A
06/07/1999$225,000Sold
N/A
04/02/1998$175,000Sold
N/A

Market trends in New York

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$767K
$4.33KMoM
Sale-to-List Price
97.9%
0.1%MoM
Price per sq ft
$653
$10MoM
Available listings
18631
48MoM
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Property Tax and Assessment

Year2025
Tax$5,038
Assessment$871,000
Home facts updated by county records

Comparable Sales for 1024 Faile St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1032 Longfellow Avenue, Bronx, NY
0.10
Multi-Family Home
$1,200,000
03/11/26
7
4
3,200
1056 Longfellow Avenue, Bronx, NY
0.11
Multi-Family Home
$1,175,000
05/20/26
7
4
3,200
1039 Longfellow Ave, Bronx, NY
0.20
Multi-Family Home
$1,175,000
11/07/25
7
4
1,800
1224 Union Ave, Bronx, NY
0.62
Multi-Family Home
$1,075,000
05/22/26
12
4
3,552
1070 Kelly Street, Bronx, NY
0.34
Multi-Family Home
$999,000
10/24/25
6
3
2,520
1234 Intervale Ave, Bronx, NY
0.43
Multi-Family Home
$750,000
03/02/26
10
3
3,540
1237 Hoe Ave, Bronx, NY
0.42
Multi-Family Home
$950,000
01/30/26
6
4
3,000
1236 Evergreen Avenue, Bronx, NY
0.58
Multi-Family Home
$1,200,000
12/10/25
8
5
2,604
1115 Hoe Ave, Bronx, NY
0.18
Multi-Family Home
$730,000
09/17/25
8
2.5
1,000
1170 Vyse Avenue, Bronx, NY
0.28
Multi-Family Home
$829,000
11/25/25
5
3
2,100

Nearby homes

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Assigned Schools

These are the assigned schools for 1024 Faile St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Longwood
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Longwood

At least 1 Trulia users voted on each feature.

  • 100 % Say kids play outside

  • 100 % Say people would walk alone at night

  • 100 % Say streets are well-lit

  • 100 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 75 % Say it's walkable to grocery stores

  • 67 % Say there's wildlife

  • 67 % Say they plan to stay for at least 5 years

  • 67 % Say yards are well-kept

  • 50 % Say there are community events

  • 50 % Say there's holiday spirit

  • 44 % Say parking is easy

  • 25 % Say neighbors are friendly

  • 20 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Kathy
    "We have Basketball tournaments, Halloween parade, street fairs, urban hospital community street fair and community gatherings. "
    1
    Flag
  • Trulia User
    "big park well field for dog to run but if you have a pit i’ll people get scared of them. Other that and seeing poop everywhere you’ll be fine "
    0
    Flag
  • Trulia User
    "They have yearly blocked parties where they cut off the streets play music play music 25 things for the kids now you just that was years ago but now you just walk around and shop the big shop near is"
    0
    Flag
  • Trulia User
    "Access to more than 4 buses and 3 train lines, very easy to get around. But a lot of drug use and gang violence. "
    1
    Flag
  • Trulia User
    "some dog owners don't pick up after their dog, looks unhealthy and a few parks to walk your dog, sidewalk are unother option and finally a few vet clinics."
    0
    Flag
  • Trulia User
    "There are always fights and shootings. This neighborhood is not safe at all. Caution has to always be applied when entering and exiting the building."
    0
    Flag
  • Jenniferlovencare
    "My neighborhood has a lot of transportation available walking distance as well a lot of stores to shop"
    1
    Flag
  • Terence P.
    "This neighborhood is unique in its on way. The diversity of ppl and multiple cultures and backgrounds blended together "
    8
    Flag
  • Elaine G.
    "There is high crime activity and drugs. There is always police presence. There are plenty of schools. Drugs, gang, and crime activity is high. "
    2
    Flag
  • Miguel_nazario
    "It’s very dangerous my fathers neighbor was arrested for murder. The train is always packed. This is not a good place at all."
    2
    Flag
  • Lindat313
    "ive lived in the neighborhood for 31 years and people here look out for one another i liled it there..."
    7
    Flag
  • Priscilla W.
    "Too much going on at once but nice spaces and parks for owner and dogs to have fun and bond it really cool in its own way "
    0
    Flag
  • Km85claudio
    "100%public transit ,restaurant,park.bronx zoo fire department police end others services schools chopping store groceries store and more"
    3
    Flag
  • Chongwchris
    "Been here for about 10 years and area is ok. Schools are good and most neighbors are nice and friendly. Close to plenty of stores, restaurants and two different train choices. "
    7
    Flag

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Off Market Homes Near 1024 Faile St

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