Duplex with Private
For Sale
$730,000
3420 Barker Avenue, Bronx, NY 10467
Residential, Duplex, Bronx, NY
Property Size1,982 SF
Lot Size0.06 Acres
Price / SF$368.31
Days on Market48
Property Features for 3420 Barker Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5A
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
Allerton
Standard status
Active
Size
1,982 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5573
Building Details
Year built
1940
Floors in Building
2
Flooring type
Hardwood
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RD Realty Consultants I LLC
(718) 859-0800
Listed By:
David James
(848) 444-0113
Added: Jul 23
Changed: Sep 6
Last Checked: Sep 8 at 11:06AM
MLS# 503246
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This 1,982-square-foot duplex, built in 1940, provides three bedrooms and two bathrooms across a practical residential layout. The property includes a full basement, private parking, hardwood flooring, an asphalt roof, and a laundry area. Kitchen appliances include a microwave, refrigerator, and stove. R5A zoning applies to the 0.0561-acre property.
Transportation options include access to the 2 and 5 train stations as well as Metro-North. The property is also near Montefiore Medical Center, the New York Botanical Garden, Bronx Park, and local shopping areas. Its duplex configuration and existing residential features support both owner-occupant and investment-oriented use.
Transportation options include access to the 2 and 5 train stations as well as Metro-North. The property is also near Montefiore Medical Center, the New York Botanical Garden, Bronx Park, and local shopping areas. Its duplex configuration and existing residential features support both owner-occupant and investment-oriented use.
Key Highlights
- 1,982 square feet with three bedrooms and two bathrooms
- Full basement and private parking
- R5A zoning on a 0.0561‑acre lot
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
$48,257
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
6.61%
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%
$965,140
$965.1K
Cap Rate 7%
$689,386
$689.4K
Cap Rate 9%
$536,189
$536.2K
Market Conditions
NOI Build-Up for 1,982 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
$73.7K $37.20/SF
− Vacancy
−$4.8K −$2.42/SF
EGI
$68.9K $34.78/SF
− OpEx
−$20.7K −$10.43/SF
NOI
$48.3K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /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%
$965,140
Cap Rate 7%
$689,386
Cap Rate 9%
$536,189
Alternative Uses
Best Use
Multifamily LT 5
$689.4K
$603.2K – $804.3K
NOI $48,257 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$616.1K
$539.1K – $718.8K
NOI $43,129 @ 7.0% cap · market cap 5.91%
Theoretical Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,137 @ 7.0% cap · market cap 13.17%
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
5,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 - Three-bedroom duplex with a full basement, hardwood flooring, laundry area, and convenient access to transportation and nearby shopping.
Where is this duplex located?
The property is located at 3420 Barker Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 1,982 square feet with three bedrooms and two bathrooms; Full basement and private parking; R5A zoning on a 0.0561‑acre lot
