Detached Two-Unit
For Sale
$950,000
1148 E 211th St, Bronx, NY 10469
Finished basement and private driveway add functional space and off-street parking.
Property Size2,104 SF
Lot Size0.05 Acres
Price / SF$451.52
Days on Market51
Property Features for 1148 E 211th St
General Information
Standard status
Active
Size
2,104 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,051
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
WW Realty Group Inc
Listed By:
Eyal Sagi · License #10311209735
(917) 319-8892
Source:
Exprealty
Added: Jul 30
Changed: Sep 16
Last Checked: Sep 16 at 10:31PM
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 WW Realty Group Inc
Investment Insights
Based on property information with market context.
This detached duplex includes 2 units with a total of 5 bedrooms and 2.5 bathrooms. The residence also features a fully finished basement that provides additional flexible space for recreation, work, fitness, media, or living purposes. The property was built in 1901 and includes a private driveway for off-street parking.
Located on East 211th Street in the Williamsbridge neighborhood of the Bronx, the property is near local shops, restaurants, schools, parks, and public transportation. Major roadways and transit options are also nearby, providing access throughout the Bronx and beyond. The two-unit configuration, finished basement, and residential setting support a range of owner-occupant or investment-oriented uses stated in the property information.
Located on East 211th Street in the Williamsbridge neighborhood of the Bronx, the property is near local shops, restaurants, schools, parks, and public transportation. Major roadways and transit options are also nearby, providing access throughout the Bronx and beyond. The two-unit configuration, finished basement, and residential setting support a range of owner-occupant or investment-oriented uses stated in the property information.
Key Highlights
- 2‑unit detached duplex with 5 bedrooms and 2.5 bathrooms
- Fully finished basement for recreation, workspace, fitness, media, or living use
- Private driveway provides off‑street parking
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
$53,445
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
5.63%
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%
$1,068,900
$1.1M
Cap Rate 7%
$763,500
$763.5K
Cap Rate 9%
$593,833
$593.8K
Market Conditions
NOI Build-Up for 2,104 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
$80.8K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.3K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.4K $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%
$1,068,900
Cap Rate 7%
$763,500
Cap Rate 9%
$593,833
Alternative Uses
Best Use
Multifamily LT 5
$763.5K
$668.1K – $890.8K
NOI $53,445 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 5.09%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,055 @ 7.0% cap · market cap 10.74%
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
Location Intelligence
Trade Area within ½ mile
2,521
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
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 - Finished basement and private driveway add functional space and off-street parking.
Where is this duplex located?
The property is located at 1148 E 211th St Bronx, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2‑unit detached duplex with 5 bedrooms and 2.5 bathrooms; Fully finished basement for recreation, workspace, fitness, media, or living use; Private driveway provides off‑street parking
