Two-Unit Residential Income
For Sale
$1,150,000
933 Tilden St The, Bronx, NY 10469
Newer two three-bedroom units with modern appliances, two full bathrooms each, and driveway parking for four or more cars.
Property Size3,060 SF
Days on Market128
Property Features for 933 Tilden St The
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,633
Amenities
private swimming pool
Building Details
Building Size
3,060 SF
Year Built
2005
Units
2
Listing Agency:
Comfort Homes & Property Management LLC.
(914) 715-7229
Listed By:
Comfort Usukumah
(914) 715-7229
Source:
Elliman
Added: Apr 28
Changed: Aug 7
Last Checked: Sep 1 at 9:33PM
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 Comfort Homes & Property Management LLC.
Investment Insights
Based on property information with market context.
Newer construction two-unit residential income property featuring two separate three-bedroom residences. Each unit includes modern appliances and two full bathrooms, along with a large ensuite master bedroom. The building is described as well maintained inside and out, with landscaped garden-style plantings and shrubs.
Access is available from E 213th Street as well as a main front door entrance on Tilden, with the property noted as slightly set back from Tilden Street. A private swimming pool is installed in the back yard, and the home includes driveway parking for four or more cars.
The property is positioned near transportation options, with Metro North and subway stations stated as only a few minutes’ walk away, and described as offering walkable access to shops, schools, and restaurants.
Access is available from E 213th Street as well as a main front door entrance on Tilden, with the property noted as slightly set back from Tilden Street. A private swimming pool is installed in the back yard, and the home includes driveway parking for four or more cars.
The property is positioned near transportation options, with Metro North and subway stations stated as only a few minutes’ walk away, and described as offering walkable access to shops, schools, and restaurants.
Key Highlights
- Year built 2005; newer construction with two 3‑bedroom units
- Each unit has modern appliances and two full bathrooms
- Large ensuite master bedroom in each 3‑bedroom unit
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
$77,729
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
6.76%
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%
$1,554,580
$1.6M
Cap Rate 7%
$1,110,414
$1.1M
Cap Rate 9%
$863,656
$863.7K
Market Conditions
NOI Build-Up for 3,060 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
$117.5K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.0K $36.29/SF
− OpEx
−$33.3K −$10.89/SF
NOI
$77.7K $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%
$1,554,580
Cap Rate 7%
$1,110,414
Cap Rate 9%
$863,656
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.6K – $1.30M
NOI $77,729 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$1.01M
$879.9K – $1.17M
NOI $70,391 @ 7.0% cap · market cap 6.12%
Theoretical Best
Warehouse
$2.12M
$1.86M – $2.47M
NOI $148,426 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,525
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 - Newer two three-bedroom units with modern appliances, two full bathrooms each, and driveway parking for four or more cars.
Where is this duplex located?
The property is located at 933 Tilden St The Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Year built 2005; newer construction with two 3‑bedroom units; Each unit has modern appliances and two full bathrooms; Large ensuite master bedroom in each 3‑bedroom unit
