Semi-Detached Two-Family
For Sale
$900,000
881 Longfellow Ave The, Bronx, NY 10474
Semi-detached two-family home with 4BR and 3BR units plus a finished basement.
Property Size2,308 SF
Days on Market92
Property Features for 881 Longfellow Ave The
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,489
Building Details
Building Size
2,308 SF
Year Built
1901
Units
3
Listing Agency:
BESMATCH REAL ESTATE
Listed By:
Bakary Camara · License #40CA1173900
(917) 568-5763
Source:
Elliman
Added: Jun 12
Changed: Aug 28
Last Checked: Sep 10 at 8:12AM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
This semi-detached two-family residence is configured with a 4-bedroom unit over a 3-bedroom unit. The property also includes a finished basement, adding usable interior space beyond the main living areas. The overall layout is suited to owner-occupants who want separate bedrooms and spaces across both levels, as well as investors looking for a straightforward two-unit setup within one building.
Located near transportation, schools, shopping, and major highways, the property offers convenient day-to-day accessibility. Prospective tenants and buyers typically value the combination of transit access and nearby daily needs, which can support straightforward leasing and re-leasing cycles for a two-family asset.
With two separate units and a total bedroom mix spanning 4BR and 3BR, this home provides a practical residential income structure. The finished basement can broaden options for storage, recreation, or additional living use, depending on how the space is outfitted. Overall, it is a clear, functional choice for investors and occupants seeking a semi-detached, two-family property with defined bedroom counts and additional basement space in one address.
Located near transportation, schools, shopping, and major highways, the property offers convenient day-to-day accessibility. Prospective tenants and buyers typically value the combination of transit access and nearby daily needs, which can support straightforward leasing and re-leasing cycles for a two-family asset.
With two separate units and a total bedroom mix spanning 4BR and 3BR, this home provides a practical residential income structure. The finished basement can broaden options for storage, recreation, or additional living use, depending on how the space is outfitted. Overall, it is a clear, functional choice for investors and occupants seeking a semi-detached, two-family property with defined bedroom counts and additional basement space in one address.
Key Highlights
- Semi‑detached 2‑family home built in 1901
- Unit layout includes a 4BR over a 3BR configuration
- Finished basement included
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
$58,627
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
6.51%
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%
$1,172,540
$1.2M
Cap Rate 7%
$837,529
$837.5K
Cap Rate 9%
$651,411
$651.4K
Market Conditions
NOI Build-Up for 2,308 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
$88.6K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$83.8K $36.29/SF
− OpEx
−$25.1K −$10.89/SF
NOI
$58.6K $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%
$1,172,540
Cap Rate 7%
$837,529
Cap Rate 9%
$651,411
Alternative Uses
Best Use
Multifamily LT 5
$837.5K
$732.8K – $977.1K
NOI $58,627 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$758.5K
$663.7K – $884.9K
NOI $53,092 @ 7.0% cap · market cap 5.90%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,950 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,550
Businesses Nearby
Explore this area
Business Placement
Demographics for 10474, NY
12,013
Population
4,092
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
1.5 sq mi
ZIP Area
8,009
Density / Sq Mi
$41,279
Median Household Income
$31,084
Median Earnings
$1,406
Median Rent
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 - Semi-detached two-family home with 4BR and 3BR units plus a finished basement.
Where is this duplex located?
The property is located at 881 Longfellow Ave The 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: Semi‑detached 2‑family home built in 1901; Unit layout includes a 4BR over a 3BR configuration; Finished basement included
