Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bronx Two-Family Residence Title is generated by Realmo AI

    1109 Clarence Avenue, Bronx, NY 10465

    View on Map
    Claim this Listing
    For Sale
    $1,980,000

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.08 Acres
    Added:
    Sep 15, 2025
    Days on Market:
    261
    Last Refresh:
    Jun 2 at 2:06 am

    Property Features for 1109 Clarence Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 8
    Interior features
    First Floor Bedroom
    Basement
    Full, Finished
    Standard status
    Active
    APN
    05326-0038
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2736

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2024
    Number of units
    2
    Building materials
    Brick

    We can help!

    Listing Contact
    Chun H. Xie

    Listing agent Chun H. Xie

    Listing office Tony & William R E Brotherhood 33-32 Farrington St 3RD Floor, flushing, NY

    Listing date Sep 15, 2025

    MLS# 912927 Listing URL

    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.

    HighLights

    • Brand new (2024) two‑family home in the desirable Country Club area.
    • Income‑generating potential with a 2‑bedroom/2‑bathroom unit and a 6‑bedroom/4‑bathroom unit.
    • Full finished basement with separate entrance and private garage.
    • Multiple balconies on the second and third floors.
    • Energy‑efficient solar panels.
    • Convenient location near schools, shops, parks, restaurants, public transportation, and major highways.

    Overview

    This two-family residence, built in 2024, is located in the Country Club area. The property features three above-ground floors plus a full finished basement with a separate entrance, a private garage, and energy-efficient solar panels. The residence includes multiple balconies on the second and third floors. One unit offers 2 bedrooms and 2 bathrooms, while the other unit boasts 6 bedrooms and 4 bathrooms. The 0.0818-acre property is conveniently close to schools, shops, parks, restaurants, and public transportation, with easy access to major highways. The property is suitable for multi-generational living or rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.819374
    Latitude
    40.835772

    Nearby Similar for Sale

    • $456,000
      3,000 SF

      Established Laundromat Business For Sale

      High-income laundromat business in the Bronx with steady customer base.
      98 W 162nd Street, Bronx, NY 10452
      View Details
    • $949,000
      2,988 SF

      Versatile Commercial Property in Bronx, NY

      Income-generating commercial property with dual storefronts in a growing market.
      70 Grace Church Street, Bronx, NY 10573
      View Details
    • $1,385,000
      3,300 SF

      Renovated Detached Brick Multi-Family Home

      Recently renovated, fully vacant, detached brick multi-family home in Bronx.
      3335 Perry Avenue, Bronx, NY 10467
      View Details
    • $1,050,000
      3,292 SF

      Renovated Multifamily Property, Bronx, NY

      Fully renovated multifamily property with income potential in a desirable neighborhood.
      1822 Hunt Avenue, Bronx, NY 10462
      View Details
    • $1,288,000
      3,312 SF

      Spacious Two-Family Bronx Property

      Two-family property in the Bronx with income potential.
      1188 Grant Avenue, Bronx, NY 10456
      View Details
    • $1,500,000
      2,763 SF

      Vacant Mixed-Use Bronx Opportunity

      Fully vacant mixed-use property in the Castle Hill corridor.
      847 Castle Hill Avenue, Bronx, NY 10473
      View Details
    • $888,000
      2,680 SF

      Bronx Two-Family Home For Sale

      Well-maintained two-family home in the Castle Hill section of Bronx.
      2069 Seward Avenue, Bronx, NY 10473
      View Details
    • $1,250,000
      2,820 SF

      Charming Bronx Multi-Family Home

      Well-maintained, detached 3-family home near Pelham Bay Park.
      2925 Wellman Avenue, Bronx, NY 10461
      View Details
    • $1,399,999
      1,400 SF

      Bronx Multifamily Investment Opportunity

      Turnkey multifamily property in Country Club area, ready for cashflow.
      1393 Kearney Avenue, Bronx, NY 10465
      View Details
    • $999,000
      2,730 SF

      Well-Maintained Bronx Two-Family Home

      Spacious two-family home near transportation and amenities.
      3360 Holland Avenue, Bronx, NY 10467
      View Details
    • $749,900
      2,100 SF

      Spacious Bronx Two-Family Home

      Two-family home in Van Nest neighborhood with renovation potential.
      1723 Melville Street, Bronx, NY 10460
      View Details
    • $2,880,000
      5,000 SF

      Bronx Retail Investment Opportunity

      Freestanding retail property in the Bronx, fully leased.
      1254 Southern Boulevard, Bronx, NY 10459
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family residence in Country Club area with modern amenities.
    Where is this duplex located?
    The property is located at 1109 Clarence Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,980,000.
    What are key features of this property?
    This property features: Brand new (2024) two‑family home in the desirable Country Club area.; Income‑generating potential with a 2‑bedroom/2‑bathroom unit and a 6‑bedroom/4‑bathroom unit.; Full finished basement with separate entrance and private garage.
    (718) 775-2219
    We can help!
    Listing Contact
    Chun H. Xie
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1109 Clarence Avenue, Bronx, NY 10465
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!