Brick Two-Family
For Sale
$849,999
1281 Arnow Avenue, Bronx, NY 10469
MULTI_FAMILY - Bronx, NY
Property Size1,804 SF
Lot Size0.05 Acres
Price / SF$471.17
Days on Market9
Property Features for 1281 Arnow Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Basement
Interior features
High Ceilings, Open Kitchen
Basement
Unfinished
Elementary school
Ps 121 Throop
Middle school
Jhs 144 Michelangelo
High school
Pelham Preparatory Academy
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Standard status
Active
APN
04586-0008
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6446
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private driveway
attached garage
great backyard
large unfinished basement
Building Details
Year built
1950
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Juan M. Polanco
(347) 285-6738
Added: Aug 6
Changed: Aug 13
Last Checked: Aug 14 at 11:06AM
MLS# 1038212
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.
Located at 1281 Arnow Avenue, this 1950 brick duplex contains approximately 1,804 sq. ft. of above-grade living space arranged as two residential units, each with two bedrooms, a kitchen, living area, dining area, and full bathroom. Hardwood flooring, high ceilings, open kitchens, and baseboard heating are among the interior features. Wall/window and window unit cooling are provided.
The property occupies a 0.0505-acre corner lot with a private driveway, attached garage, and backyard. An unfinished basement with its own entrance adds approximately 858 sq. ft. of additional space for storage and other permitted uses. Public water and public sewer serve the property. The roof was replaced approximately 2 years ago.
The property occupies a 0.0505-acre corner lot with a private driveway, attached garage, and backyard. An unfinished basement with its own entrance adds approximately 858 sq. ft. of additional space for storage and other permitted uses. Public water and public sewer serve the property. The roof was replaced approximately 2 years ago.
Key Highlights
- Two‑unit layout with 2 bedrooms in each unit
- Approximately 1,804 sq. ft. of above‑grade living space
- Unfinished basement adds approximately 858 sq. ft. with a separate entrance
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
$45,824
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
5.39%
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%
$916,480
$916.5K
Cap Rate 7%
$654,629
$654.6K
Cap Rate 9%
$509,156
$509.2K
Market Conditions
NOI Build-Up for 1,804 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
$69.3K $38.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$65.5K $36.29/SF
− OpEx
−$19.6K −$10.89/SF
NOI
$45.8K $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%
$916,480
Cap Rate 7%
$654,629
Cap Rate 9%
$509,156
Alternative Uses
Best Use
Multifamily LT 5
$654.6K
$572.8K – $763.7K
NOI $45,824 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$592.8K
$518.7K – $691.7K
NOI $41,499 @ 7.0% cap · market cap 4.88%
Theoretical Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,503 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private parking, an attached garage, outdoor space, and a separately accessed unfinished basement.
Where is this duplex located?
The property is located at 1281 Arnow Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Two‑unit layout with 2 bedrooms in each unit; Approximately 1,804 sq. ft. of above‑grade living space; Unfinished basement adds approximately 858 sq. ft. with a separate entrance
