Two-Family Home with Double
For Sale
$988,500
1317 Saint Lawrence Avenue, Bronx, NY 10472
Semi-attached duplex with separate entrances, renovated apartment interiors, basement space, and a rear enclosed garage.
Property Size2,640 SF
Lot Size0.06 Acres
Price / SF$374.43
Days on Market374
Property Features for 1317 Saint Lawrence Avenue
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
2
Lot size
0.06 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
enclosed veranda
small garden
Building Details
Building Size
2,640 SF
Year Built
1900
Buildings
1
Construction
red brick
Listing Agency:
Foxworth Realty Inc
(212) 368-4902
Listed By:
Eugenia C Foxworth
(212) 368-4902
Source:
Howardhannanyc
Added: Aug 7, 2025
Changed: Aug 13
Last Checked: Aug 15 at 1:03PM
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 Foxworth Realty Inc
Investment Insights
Based on property information with market context.
This semi-attached duplex contains two independently accessed apartments, each measuring 1,320 square feet and configured with three bedrooms, a living room, kitchen, and bathroom. The upper residence also includes a dining area. Kitchen and bathroom renovations, along with newer flooring, are present in both units. The first-floor apartment is occupied without a lease. Both residences are described as heavily cluttered, and the exterior is in average condition.
The property sits on a 2,500-square-foot lot measuring 25 feet by 100 feet along Saint Lawrence Avenue in the Soundview area of the Bronx. A shared driveway reaches the rear, where the property includes a 400-square-foot enclosed double garage and a small garden. The full basement is approximately 660 square feet above grade. John Randolph P.S. 47 is located on the block, and the property is within School District 12. Police and fire stations are less than a mile away, with transportation described as easily accessible.
The property sits on a 2,500-square-foot lot measuring 25 feet by 100 feet along Saint Lawrence Avenue in the Soundview area of the Bronx. A shared driveway reaches the rear, where the property includes a 400-square-foot enclosed double garage and a small garden. The full basement is approximately 660 square feet above grade. John Randolph P.S. 47 is located on the block, and the property is within School District 12. Police and fire stations are less than a mile away, with transportation described as easily accessible.
Key Highlights
- Two apartments, each measuring 1,320 square feet
- Separate private entrances serve both apartments
- Each apartment includes 3 bedrooms
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
$67,060
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
6.78%
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%
$1,341,200
$1.3M
Cap Rate 7%
$958,000
$958.0K
Cap Rate 9%
$745,111
$745.1K
Market Conditions
NOI Build-Up for 2,640 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
$101.4K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$95.8K $36.29/SF
− OpEx
−$28.7K −$10.89/SF
NOI
$67.1K $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%
$1,341,200
Cap Rate 7%
$958,000
Cap Rate 9%
$745,111
Alternative Uses
Best Use
Multifamily LT 5
$958.0K
$838.3K – $1.12M
NOI $67,060 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$867.6K
$759.1K – $1.01M
NOI $60,730 @ 7.0% cap · market cap 6.14%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $128,053 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,261
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 - Semi-attached duplex with separate entrances, renovated apartment interiors, basement space, and a rear enclosed garage.
Where is this duplex located?
The property is located at 1317 Saint Lawrence Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $988,500.
What are key features of this property?
This property features: Two apartments, each measuring 1,320 square feet; Separate private entrances serve both apartments; Each apartment includes 3 bedrooms
