Brick Duplex with Private
For Sale
$789,000
1137 Van Nest Ave, Bronx, NY 10461
The two apartments contain one and two bedrooms, and the property includes a private garage.
Property Size1,632 SF
Price / SF$483.46
Days on Market9
Property Features for 1137 Van Nest Ave
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
1945
Construction
brick
Listing Agency:
Coldwell Banker Signature Prop
Listed By:
Jonathan Gumowitz · License #10491205980
(914) 804-8351
Source:
Jaida.mappmyhome
Added: Sep 23
Changed: Sep 26
Last Checked: Oct 1 at 11:57AM
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 Coldwell Banker Signature Prop
Investment Insights
Based on property information with market context.
This 1,632-square-foot brick duplex was built in 1945. Its first-floor apartment has one bedroom and has been updated; the upper apartment has two bedrooms. A private garage is also part of the property.
At 1137 Van Nest Ave in the Bronx, the home is near Morris Park Avenue and Bassett Avenue, Albert Einstein College of Medicine, and the Montefiore Einstein campus. The Morris Park Metro-North station is within walking distance and is expected to open in 2027.
At 1137 Van Nest Ave in the Bronx, the home is near Morris Park Avenue and Bassett Avenue, Albert Einstein College of Medicine, and the Montefiore Einstein campus. The Morris Park Metro-North station is within walking distance and is expected to open in 2027.
Key Highlights
- 1,632‑square‑foot brick duplex built in 1945
- Updated first‑floor apartment with 1 bedroom
- Upper apartment with 2 bedrooms
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
$41,455
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
5.25%
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%
$829,100
$829.1K
Cap Rate 7%
$592,214
$592.2K
Cap Rate 9%
$460,611
$460.6K
Market Conditions
NOI Build-Up for 1,632 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
$62.7K $38.40/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$59.2K $36.29/SF
− OpEx
−$17.8K −$10.89/SF
NOI
$41.5K $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%
$829,100
Cap Rate 7%
$592,214
Cap Rate 9%
$460,611
Alternative Uses
Best Use
Multifamily LT 5
$592.2K
$518.2K – $690.9K
NOI $41,455 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$536.3K
$469.3K – $625.7K
NOI $37,542 @ 7.0% cap · market cap 4.76%
Theoretical Best
Warehouse
$1.13M
$989.5K – $1.32M
NOI $79,160 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The two apartments contain one and two bedrooms, and the property includes a private garage.
Where is this duplex located?
The property is located at 1137 Van Nest Ave Bronx, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 1,632‑square‑foot brick duplex built in 1945; Updated first‑floor apartment with 1 bedroom; Upper apartment with 2 bedrooms
