Brick Two-Family
For Sale
$849,999
1281 Arnow Avenue, Bronx, NY 10469
Corner setting with a private driveway, attached garage, and backyard.
Property Size1,886 SF
Price / SF$450.69
Days on Market10
Property Features for 1281 Arnow Avenue
General Information
Standard status
Active
Size
1,886 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,446
Amenities
private driveway
attached garage
great backyard
large unfinished basement
Building Details
Building Size
1,886 SF
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
EXP Realty
(347) 285-6738
Listed By:
Juan M. Polanco
Source:
Shawmetro
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 21 at 10:20AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Built in 1950, this brick two-family property is arranged as matching two-bedroom units. Each residence includes a kitchen, living area, dining area, and full bathroom, creating a clearly separated configuration for owner occupancy or rental use. The building also includes approximately 1,804 sq. ft. of above-grade living space.
An unfinished basement adds approximately 858 sq. ft. and has its own entrance, providing storage space and other permitted uses. Exterior features include a private driveway, attached garage, and backyard. The corner placement provides additional outdoor openness, while access to transportation, shopping, schools, and neighborhood amenities supports everyday convenience.
An unfinished basement adds approximately 858 sq. ft. and has its own entrance, providing storage space and other permitted uses. Exterior features include a private driveway, attached garage, and backyard. The corner placement provides additional outdoor openness, while access to transportation, shopping, schools, and neighborhood amenities supports everyday convenience.
Key Highlights
- Two separate two‑bedroom units, each with a kitchen, living area, dining area, and full bathroom
- Approximately 1,804 sq. ft. of above‑grade living space
- Unfinished basement with approximately 858 sq. ft. and a separate entrance
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
$47,907
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
5.64%
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%
$958,140
$958.1K
Cap Rate 7%
$684,386
$684.4K
Cap Rate 9%
$532,300
$532.3K
Market Conditions
NOI Build-Up for 1,886 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
$72.4K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.4K $36.29/SF
− OpEx
−$20.5K −$10.89/SF
NOI
$47.9K $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%
$958,140
Cap Rate 7%
$684,386
Cap Rate 9%
$532,300
Alternative Uses
Best Use
Multifamily LT 5
$684.4K
$598.8K – $798.5K
NOI $47,907 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$619.8K
$542.3K – $723.1K
NOI $43,385 @ 7.0% cap · market cap 5.10%
Theoretical Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,481 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,296
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
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 - Corner setting with a private driveway, attached garage, and backyard.
Where is this duplex located?
The property is located at 1281 Arnow 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: Two separate two‑bedroom units, each with a kitchen, living area, dining area, and full bathroom; Approximately 1,804 sq. ft. of above‑grade living space; Unfinished basement with approximately 858 sq. ft. and a separate entrance
