Seven-Bedroom Duplex
For Sale
$900,000
1126 Ward Avenue, Bronx, NY 10472
Two-family residence with a finished lower level, private outdoor space, and attached parking garage.
Property Size2,680 SF
Days on Market41
Property Features for 1126 Ward Avenue
General Information
Standard status
Active
Size
2,680 SF
Total Parking Spaces
6
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,728
Building Details
Building Size
2,680 SF
Year Built
1930
Buildings
1
Listing Agency:
RE/MAX Distinguished Hms.&Prop
(914) 346-8255
Listed By:
Walter F. Sarmiento · License #10301205363
Source:
Serhant
Added: Jul 6
Changed: Aug 11
Last Checked: Aug 15 at 11:58AM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
Built in 1930, this two-family duplex residence combines two spacious living levels with a semi-finished basement. The upper apartment includes four bedrooms and two full bathrooms, while the lower apartment offers three bedrooms and two full bathrooms. The basement adds another bathroom, bringing the property total to seven bedrooms and five bathrooms. Large living areas, generously sized bedrooms, and eat-in kitchens define both primary units.
An attached two-car garage provides enclosed parking. The shared driveway accommodates up to four additional vehicles, and the property includes a backyard. The residence is located in the Soundview section of the Bronx, within walking distance of the #6 Elder Ave Train Station and a stated fifteen- to twenty-minute drive from Manhattan.
An attached two-car garage provides enclosed parking. The shared driveway accommodates up to four additional vehicles, and the property includes a backyard. The residence is located in the Soundview section of the Bronx, within walking distance of the #6 Elder Ave Train Station and a stated fifteen- to twenty-minute drive from Manhattan.
Key Highlights
- Two‑family duplex with seven bedrooms and five bathrooms overall
- Four‑bedroom upper unit with two full bathrooms
- Three‑bedroom lower unit with two full bathrooms
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
$68,076
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
7.56%
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%
$1,361,520
$1.4M
Cap Rate 7%
$972,514
$972.5K
Cap Rate 9%
$756,400
$756.4K
Market Conditions
NOI Build-Up for 2,680 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
$102.9K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$97.3K $36.29/SF
− OpEx
−$29.2K −$10.89/SF
NOI
$68.1K $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%
$1,361,520
Cap Rate 7%
$972,514
Cap Rate 9%
$756,400
Alternative Uses
Best Use
Multifamily LT 5
$972.5K
$851.0K – $1.13M
NOI $68,076 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$880.7K
$770.6K – $1.03M
NOI $61,650 @ 7.0% cap · market cap 6.85%
Theoretical Best
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,994 @ 7.0% cap · market cap 14.44%
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
2,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
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 - Two-family residence with a finished lower level, private outdoor space, and attached parking garage.
Where is this duplex located?
The property is located at 1126 Ward Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑family duplex with seven bedrooms and five bathrooms overall; Four‑bedroom upper unit with two full bathrooms; Three‑bedroom lower unit with two full bathrooms
