Two-Unit Brick Duplex
For Sale
$1,379,000
123 W 227th Street, Bronx, NY 10463
Well-maintained two-unit brick duplex with 6 bedrooms and 2 baths and convenient access to transit and shopping.
Property Size3,727 SF
Lot Size0.06 Acres
Price / SF$370
Days on Market109
Property Features for 123 W 227th Street
General Information
Standard status
Active
Size
3,727 SF
Lot size
0.06 Acres
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,587
Building Details
Building Size
3,727 SF
Year Built
1925
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Rty Gold Coast
Listed By:
Yinesky Medina
(646) 200-2010
Source:
Shawmetro
Added: Jun 2
Changed: Sep 17
Last Checked: Sep 17 at 12:33AM
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 Keller Williams Rty Gold Coast
Investment Insights
Based on property information with market context.
Spacious two-family brick duplex with a total of 6 bedrooms and 2 baths. The home is described as well-maintained and offers approximately 3,727 square feet of living space on a 25' x 100' lot. With two residential units, the property supports both investor ownership and owner-occupant use.
Set in the Marble Hill/Kingsbridge area, the duplex is positioned for convenience to transportation, shopping, schools, parks, and major highways. It is located just moments from the Marble Hill Metro-North station and the 1 train, and it is near the Broadway shopping corridor and other neighborhood amenities.
Set in the Marble Hill/Kingsbridge area, the duplex is positioned for convenience to transportation, shopping, schools, parks, and major highways. It is located just moments from the Marble Hill Metro-North station and the 1 train, and it is near the Broadway shopping corridor and other neighborhood amenities.
Key Highlights
- Two‑family brick duplex with two residential units
- Approximately 3,727 SF of living space
- 6 bedrooms and 2 baths
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
$94,672
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
6.87%
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%
$1,893,440
$1.9M
Cap Rate 7%
$1,352,457
$1.4M
Cap Rate 9%
$1,051,911
$1.1M
Market Conditions
NOI Build-Up for 3,727 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
$143.1K $38.40/SF
− Vacancy
−$7.9K −$2.11/SF
EGI
$135.2K $36.29/SF
− OpEx
−$40.6K −$10.89/SF
NOI
$94.7K $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%
$1,893,440
Cap Rate 7%
$1,352,457
Cap Rate 9%
$1,051,911
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,672 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,735 @ 7.0% cap · market cap 6.22%
Theoretical Best
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,778 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Check the figures for this property
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 - Well-maintained two-unit brick duplex with 6 bedrooms and 2 baths and convenient access to transit and shopping.
Where is this duplex located?
The property is located at 123 W 227th Street Bronx, NY.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Two‑family brick duplex with two residential units; Approximately 3,727 SF of living space; 6 bedrooms and 2 baths
