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3640 Palmer Avenue, Bronx, NY, 10466

7beds
4baths
2,440sqft
$925,000
$379price/sqft
$6,086/moest. monthly cost
$243,440/yrincome needed

About This Home

Legal two-family fully detached at 3640 Palmer Ave in the Edenwald section of the Bronx, New York, R4 Zoning set on a 5,017-square-foot lot — generous by Bronx standards. This is a strong option for an investor collecting two rents, or a buyer looking to live in one unit and rent out the other. The second floor offers 3 bedrooms and 1 full & 1 half bathroom; the first floor offers 4 bedrooms and 1 Full & 1 half bathroom, for 7 bedrooms total across the two units. Each floor is separately metered for utilities, and there is no basement. The lot is what sets this one apart: it leaves room for a private backyard and parking for multiple vehicles, both hard to come by this close to the city. Location adds to the value. Everyday groceries are covered along the nearby Laconia Avenue corridor, including Key Food, C-Town, and Food Bazaar Supermarket. Montefiore Einstein Hospital's Wakefield Campus on East 233rd Street is close by, and the 2 and 5 trains run through the area on the White Plains Road line, with the Bx16, Bx31, and several other bus routes connecting the rest of the Bronx. A rare combination for this part of the Bronx: two full-sized units, a private backyard, and parking for multiple cars, all on one oversized lot. Delivering fully vacant

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

5/10
Ps 111 Seton FallsGrades PK-50.1 mi
3/10
3/10

Construction

Condition

  • Year built: 1938

Materials

  • Foundation: Other
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • First Floor Bedroom,First Floor Full Bath,Primary Bathroom
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,440
  • Total interior livable area: 2,440 sqft

Property

Details

  • Parcel number: 049210065
  • Special condition: None

Lot

  • Lot size: 5,017 sqft
  • Features: Back Yard,Front Yard

Parking

  • Parking features: Driveway,Parking Lot
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Bronx County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,677$56,124
Home Insurance *$405$4,860
Property Taxes $601$7,212
Electricity $403$4,838
Total$6,086$73,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$208,662/yr
40% on housing$182,580/yr
45% on housing$162,293/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.3%
3.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$379This listing

vs Other Active Listings

Avg $/sqft

ZIP 10466$437
Bronx County$399

vs Homes Sold Last Month

Median $/sqft

ZIP 10466$369
Bronx County$409

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$925,000
2023-02-02Sold$492,500
2022-12-27Pending sale$550,000
2022-11-29Listing removed--
2022-11-14Price change$550,000
2022-09-19Price change$675,000
2022-09-08Price change$725,000
2022-07-23Listed for sale$750,000
1998-08-25Sold$195,000
1997-08-13Sold$195,000

For Sale by Agent

AgentImam Hasan
BrokerageExit Realty DKC

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