Two-Unit Colonial
For Sale
$499,900
Pending
1129 E Tremont Avenue, Bronx, NY 10460
Residential Income, Bronx, NY
Property Size1,628 SF
Lot Size0.02 Acres
Days on Market48
Property Features for 1129 E Tremont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
On Street
Basement
Full
Elementary school
Ps 6 West Farms
Middle school
Accion Academy
High school
Bronx Latin School
Elementary school district
Bronx 12
Middle school district
Bronx 12
High school district
Bronx 12
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Pending
APN
04004-0007
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3367
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Advanced Framing Technique
Architectural style
Colonial
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
Richard B. Drury · License #10301218239
(631) 877-8989
Added: Aug 9
Changed: Sep 19
Last Checked: Sep 25 at 11:06PM
MLS# 1036719
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this Colonial-style duplex contains two residential units within approximately 1,628 square feet of building area. Each residence is arranged with two bedrooms, one bathroom, a living room, and a kitchen, creating a consistent layout across both units. The property also includes a basement and three separate electric meters alongside two separate gas meters.
The 0.023-acre parcel is served by public water and public sewer, with on-street parking. Its Bronx County setting and two-unit configuration support residential income use, while the separately metered utilities provide distinct service arrangements for the residences.
The 0.023-acre parcel is served by public water and public sewer, with on-street parking. Its Bronx County setting and two-unit configuration support residential income use, while the separately metered utilities provide distinct service arrangements for the residences.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 bathroom
- Approximately 1,628 square feet of building area
- Three separate electric meters and two separate gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,080
$827.1K
Cap Rate 7%
$590,771
$590.8K
Cap Rate 9%
$459,489
$459.5K
Market Conditions
NOI Build-Up for 1,628 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.5K $38.40/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$59.1K $36.29/SF
− OpEx
−$17.7K −$10.89/SF
NOI
$41.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$827,080
Cap Rate 7%
$590,771
Cap Rate 9%
$459,489
Alternative Uses
Best Use
Multifamily LT 5
$590.8K
$516.9K – $689.2K
NOI $41,354 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$535.0K
$468.1K – $624.2K
NOI $37,450 @ 7.0% cap · market cap 7.49%
Theoretical Best
Warehouse
$1.13M
$987.1K – $1.32M
NOI $78,966 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
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 separately metered residences provide matching two-bedroom layouts with living rooms, kitchens, and one bathroom each.
Where is this duplex located?
The property is located at 1129 E Tremont Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 bathroom; Approximately 1,628 square feet of building area; Three separate electric meters and two separate gas meters
