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288 Cypress Ave, Bronx, NY, 10454

5beds
3baths
2,812sqft
$899,000
$320price/sqft
$5,974/moest. monthly cost
$238,960/yrincome needed

About This Home

HIGHEST AND BEST DUE END OF DAY 8/10. DELIVERED FULLY VACANT! Welcome to 288 Cypress Avenue, a legal two-family home built in 2000 offering approximately 2,280 square feet of move-in-ready living space in the desirable Mott Haven section of the Bronx. Whether you're looking to house hack, generate rental income, accommodate extended family, or expand your investment portfolio, this versatile property offers exceptional flexibility from day one. The first-floor residence features 2 bedrooms and 1 full bath, while the upper residence offers a spacious 3-bedroom, 1.5-bath duplex with hardwood floors and carpet, a formal living room, a formal dining room, and a recently updated kitchen; perfect for everyday living and entertaining. Additional highlights include private parking, backyard access, separate gas and electric meters for each unit's cooking gas and electricity, annual property taxes under $6,000, a furnace replaced approximately 3 years ago, a hot water heater replaced approximately 4 years ago, and the majority of windows replaced approximately 15 years ago. Eligible for conventional financing and, if financing guidelines permit, FHA and other loan programs, including homebuyer grants. Conveniently located near the Cypress Avenue 6 train station, St. Mary's Park, shopping, restaurants, schools, and the Bruckner Expressway, offering easy access throughout the Bronx and into Manhattan. A rare opportunity to own a fully vacant, newer-construction multifamily home ready for immediate occupancy or leasing at current market rents. All information is deemed reliable but not guaranteed. Buyers are encouraged to independently verify all information, including financing eligibility, with their lender and representatives during the due diligence period.

Getting Around

88
WalkingVery Walkable
0
TransitVery Limited Transit
78
BikeVery Bikeable

Schools

5/10
Ps 65 Mother Hale AcademyGrades PK-50.1 mi
2/10
Ps Is 224Grades 6-80.3 mi

Construction

Condition

  • Year built: 2000

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 2,812
  • Total interior livable area: 2,812 sqft

Property

Details

  • Parcel number: 025680006
  • Special condition: Resale

Features

  • Patio & porch: Other,Terrace
  • Exterior features: Courtyard,Terrace
  • Has view: Yes
  • View description: City

Parking

  • Parking features: Garage
  • Has garage: 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 WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • 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 $4,545$54,540
Home Insurance *$381$4,572
Property Taxes $584$7,008
Electricity $464$5,576
Total$5,974$71,688
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$204,822/yr
40% on housing$179,220/yr
45% on housing$159,306/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

$320This listing

vs Other Active Listings

Avg $/sqft

ZIP 10454$425
Bronx County$399

vs Homes Sold Last Month

Median $/sqft

ZIP 10454$283
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
2026-07-30Listed for sale$899,000

For Sale by Agent

AgentVanessa Villanueva
BrokerageKeller Williams Realty NYC Group

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