Two-Unit Apartment
For Sale
$1,100,000
1373 Plimpton Ave, Bronx, NY 10452
Four-bedroom and three-bedroom units include full baths, stainless steel appliances, and access to shared parking.
Property Size3,190 SF
Price / SF$344.83
Days on Market11
Property Features for 1373 Plimpton Ave
General Information
Standard status
Active
Size
3,190 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Boutique Realty
Listed By:
Aileen Padilla
(917) 680-1428
Source:
Searchhomesinlongisland
Added: Sep 8
Changed: Sep 18
Last Checked: Sep 18 at 7:21AM
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 Boutique Realty
Investment Insights
Based on property information with market context.
Built in 1915, this two-family property contains a four-bedroom apartment above a three-bedroom apartment, with one full bathroom serving each unit. Both residences offer generously sized rooms, separate living areas, and kitchens equipped with stainless steel appliances. A front porch adds exterior amenity space, while the property also includes a two-car garage, shared driveway, and additional parking at the rear.
The unfinished basement has its own entrance and brick-lined interior, providing additional functional space. The property is located at 1373 Plimpton Ave in the Bronx, near Highbridge Heights, schools, shopping, bus and subway service, major highways, Yankee Stadium, and Manhattan.
The unfinished basement has its own entrance and brick-lined interior, providing additional functional space. The property is located at 1373 Plimpton Ave in the Bronx, near Highbridge Heights, schools, shopping, bus and subway service, major highways, Yankee Stadium, and Manhattan.
Key Highlights
- Two‑family layout with a 4‑bedroom unit over a 3‑bedroom unit
- One full bathroom in each apartment
- Stainless steel appliances in both kitchens
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
$77,668
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
7.06%
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%
$1,553,360
$1.6M
Cap Rate 7%
$1,109,543
$1.1M
Cap Rate 9%
$862,978
$863.0K
Market Conditions
NOI Build-Up for 3,190 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
$118.7K $37.20/SF
− Vacancy
−$7.7K −$2.42/SF
EGI
$111.0K $34.78/SF
− OpEx
−$33.3K −$10.43/SF
NOI
$77.7K $24.35/SF
Area
ZIP 10452
Vacancy
6.50%
Lease Rate
$37.20 /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%
$1,553,360
Cap Rate 7%
$1,109,543
Cap Rate 9%
$862,978
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$970.9K – $1.29M
NOI $77,668 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$1.02M
$895.3K – $1.19M
NOI $71,626 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,003 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 10452, NY
77,564
Population
28,854
Households
2.7
Avg Household Size
35
Median Age
14%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
77,564
Density / Sq Mi
$37,854
Median Household Income
$32,732
Median Earnings
$1,367
Median Rent
$263,000
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 - Four-bedroom and three-bedroom units include full baths, stainless steel appliances, and access to shared parking.
Where is this duplex located?
The property is located at 1373 Plimpton Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family layout with a 4‑bedroom unit over a 3‑bedroom unit; One full bathroom in each apartment; Stainless steel appliances in both kitchens
