Two-Family Colonial Duplex with Walk-Out
For Sale
Contact for pricing
1078 Midland Avenue, Bronxville, NY 10708
All-brick duplex with a fully finished walk-out basement, heated two-car garage, and fenced backyard with storage shed.
Property Size3,500 SF
Days on Market255
Property Features for 1078 Midland Avenue
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
12
Property subtype
Duplex
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$18,449
Amenities
Storage
private patio
balcony
walk-out basement
fenced backyard
Building Details
Building Size
3,500 SF
Year Built
2003
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HS NY Prop
Listed By:
Iris Kalt · License #30KA0623059
(914) 643-1367
Source:
Totallywestchester
Added: Jan 2
Changed: Sep 12
Last Checked: Sep 14 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HS NY Prop
Investment Insights
Based on property information with market context.
All-brick two-family colonial duplex built in 2003, presented in meticulous condition. The home offers a spacious living room and a grand eat-in kitchen in each unit, along with a formal dining room designed for gatherings. Sliding glass doors off the kitchen lead to a large balcony, and the primary ensuite includes a generous walk-in closet. An in-law suite with a private patio adds flexibility.
A fully finished walk-out basement extends the usable space. Recent updates include freshly painted interiors, gleaming hardwood floors, updated plumbing, two new hot water heaters, and recessed lighting. The property also features a heated two-car attached garage.
Outside, the level, fenced backyard includes a storage shed and room to operate comfortably. Parking is supported by 10 outdoor parking spaces. The duplex is set on a secluded private road and is located near the village of Bronxville, with access to parks, private country clubs, parkways, and hospitals.
A fully finished walk-out basement extends the usable space. Recent updates include freshly painted interiors, gleaming hardwood floors, updated plumbing, two new hot water heaters, and recessed lighting. The property also features a heated two-car attached garage.
Outside, the level, fenced backyard includes a storage shed and room to operate comfortably. Parking is supported by 10 outdoor parking spaces. The duplex is set on a secluded private road and is located near the village of Bronxville, with access to parks, private country clubs, parkways, and hospitals.
Key Highlights
- All‑brick two‑family colonial duplex built in 2003
- Fully finished walk‑out basement for added living space
- In‑law suite with private patio plus large balcony access
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
$84,692
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
4.25%
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%
$1,693,840
$1.7M
Cap Rate 7%
$1,209,886
$1.2M
Cap Rate 9%
$941,022
$941.0K
Market Conditions
NOI Build-Up for 3,500 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
$132.3K $37.80/SF
− Vacancy
−$11.3K −$3.23/SF
EGI
$121.0K $34.57/SF
− OpEx
−$36.3K −$10.37/SF
NOI
$84.7K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /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%
$1,693,840
Cap Rate 7%
$1,209,886
Cap Rate 9%
$941,022
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,692 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.11M
$972.2K – $1.30M
NOI $77,778 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 10708, NY
22,299
Population
10,004
Households
2.2
Avg Household Size
45
Median Age
65%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
7,689
Density / Sq Mi
$121,107
Median Household Income
$80,556
Median Earnings
$2,161
Median Rent
$496,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - All-brick duplex with a fully finished walk-out basement, heated two-car garage, and fenced backyard with storage shed.
Where is this duplex located?
The property is located at 1078 Midland Avenue Bronxville, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: All‑brick two‑family colonial duplex built in 2003; Fully finished walk‑out basement for added living space; In‑law suite with private patio plus large balcony access
