Detached Two-Family
For Sale
$849,999
Pending
1163 Virginia Avenue, Bronx, NY 10472
MULTI_FAMILY - Bronx, NY
Property Size2,500 SF
Lot Size0.06 Acres
Days on Market136
Property Features for 1163 Virginia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5
Parking features
On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Walk Through Kitchen, Walk-In Closet(s)
Lot features
Back Yard, Near Public Transit, Near School, Near Shops
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Directions
UNIONPORT neighborhood - from White Plains Road make a right onto Watson Avenue and then make a left onto Virginia Avenue (Between Gleason Avenue and Powell Avenue)
Special listing conditions
Third Party Approval
Standard status
Pending
APN
03759-0047
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Radiant
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Stucco
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Vanessa Villanueva
(917) 557-5302
Added: Apr 2
Changed: Aug 3
Last Checked: Aug 15 at 7:06PM
MLS# 924220
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.
Investment Insights
Based on property information with market context.
1163 Virginia Avenue is a fully detached legal two-family duplex featuring a stucco exterior and a private backyard. The main residence is a duplex-style layout with four bedrooms, two full bathrooms, a full living room, a separate dining area, an office, and a mudroom/laundry room. Interior details include hardwood floors, plus features such as an entrance foyer, walk-through kitchen, and walk-in closet(s).
The lower level includes an unfinished apartment that requires a full renovation. The home is heated with baseboard and radiant systems and cooled with wall/window unit(s) and window unit(s). Public water and public sewer services are available, and parking is on street.
Built in 1920, the property sits on a 0.0587-acre lot. Please note that the parking lot next door is a separate lot and not for sale. Third-party approval is required with DOB and State, and due to the current condition a renovation loan may be required.
The lower level includes an unfinished apartment that requires a full renovation. The home is heated with baseboard and radiant systems and cooled with wall/window unit(s) and window unit(s). Public water and public sewer services are available, and parking is on street.
Built in 1920, the property sits on a 0.0587-acre lot. Please note that the parking lot next door is a separate lot and not for sale. Third-party approval is required with DOB and State, and due to the current condition a renovation loan may be required.
Key Highlights
- Fully detached legal two‑family duplex with stucco exterior and private backyard
- Main residence duplex layout with four bedrooms, two full bathrooms, living room, dining area, office, and mudroom/laundry
- Lower‑level unfinished apartment requiring a full renovation
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
$63,504
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
7.47%
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%
$1,270,080
$1.3M
Cap Rate 7%
$907,200
$907.2K
Cap Rate 9%
$705,600
$705.6K
Market Conditions
NOI Build-Up for 2,500 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
$96.0K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$90.7K $36.29/SF
− OpEx
−$27.2K −$10.89/SF
NOI
$63.5K $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%
$1,270,080
Cap Rate 7%
$907,200
Cap Rate 9%
$705,600
Alternative Uses
Best Use
Multifamily LT 5
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$821.6K
$718.9K – $958.5K
NOI $57,509 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,263 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,467
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 - Detached two-family duplex with stucco exterior, private backyard, and an unfinished lower unit requiring renovation.
Where is this duplex located?
The property is located at 1163 Virginia Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Fully detached legal two‑family duplex with stucco exterior and private backyard; Main residence duplex layout with four bedrooms, two full bathrooms, living room, dining area, office, and mudroom/laundry; Lower‑level unfinished apartment requiring a full renovation
