Two-Family Brick
For Sale
$924,888
Pending
1548 Stadium Ave The, Bronx, NY 10465
Brick two-family home configured with a 3-bedroom upper unit and a separate 2-bedroom lower-level space.
Property Size2,760 SF
Lot Size0.08 Acres
Days on Market44
Property Features for 1548 Stadium Ave The
General Information
Standard status
Pending
Size
2,760 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,898
Amenities
private driveway
landscaped backyard
Building Details
Building Size
2,760 SF
Year Built
1955
Listing Agency:
Re/Max Elite
Listed By:
Peter DeStefano
(718) 690-3900
Source:
Elliman
Added: Jul 21
Changed: Aug 20
Last Checked: Sep 1 at 9:43PM
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 Re/Max Elite
Investment Insights
Based on property information with market context.
Brick two-family residence on an expansive 37’ x 100’ lot with a 20-foot-wide footprint, delivered vacant. The layout includes an upper three-bedroom residence and a spacious two-bedroom residence, along with a beautifully finished lower-level offering flexible additional space. The property’s configuration also supports a reverse-duplex use: combining the first and second levels for a single-family-style four-bedroom arrangement while keeping a separate upper-level residence. A full stand-up attic adds further versatility, and a full-length basement crawl space provides additional storage.
The home features two renovated, designer-inspired kitchens with premium cabinetry and elegant countertops, and updated bathrooms described as spa-inspired. Outside, an extra-wide private driveway provides generous off-street parking for multiple vehicles, complemented by a landscaped backyard for private outdoor enjoyment.
Vacant at delivery and shown only during scheduled open houses; no private showings.
The home features two renovated, designer-inspired kitchens with premium cabinetry and elegant countertops, and updated bathrooms described as spa-inspired. Outside, an extra-wide private driveway provides generous off-street parking for multiple vehicles, complemented by a landscaped backyard for private outdoor enjoyment.
Vacant at delivery and shown only during scheduled open houses; no private showings.
Key Highlights
- Two‑family brick home built in 1955 on a 37' x 100' lot
- 20‑foot‑wide layout with a 3‑bedroom upper residence and a separate 2‑bedroom lower‑level space
- Includes a full stand‑up attic and a full‑length basement crawl space for additional storage
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
$70,108
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
7.58%
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%
$1,402,160
$1.4M
Cap Rate 7%
$1,001,543
$1.0M
Cap Rate 9%
$778,978
$779.0K
Market Conditions
NOI Build-Up for 2,760 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
$106.0K $38.40/SF
− Vacancy
−$5.8K −$2.11/SF
EGI
$100.2K $36.29/SF
− OpEx
−$30.0K −$10.89/SF
NOI
$70.1K $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%
$1,402,160
Cap Rate 7%
$1,001,543
Cap Rate 9%
$778,978
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$876.4K – $1.17M
NOI $70,108 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$907.0K
$793.6K – $1.06M
NOI $63,490 @ 7.0% cap · market cap 6.86%
Theoretical Best
Warehouse
$1.91M
$1.67M – $2.23M
NOI $133,874 @ 7.0% cap · market cap 14.47%
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
1,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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 - Brick two-family home configured with a 3-bedroom upper unit and a separate 2-bedroom lower-level space.
Where is this duplex located?
The property is located at 1548 Stadium Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $924,888.
What are key features of this property?
This property features: Two‑family brick home built in 1955 on a 37' x 100' lot; 20‑foot‑wide layout with a 3‑bedroom upper residence and a separate 2‑bedroom lower‑level space; Includes a full stand‑up attic and a full‑length basement crawl space for additional storage
