Detached Two-Family
For Sale
$849,999
1563 Haight Avenue, Bronx, NY 10461
Two residential units provide distinct layouts, private driveway parking, outdoor space, and separate living arrangements.
Property Size1,838 SF
Days on Market9
Property Features for 1563 Haight Avenue
General Information
Standard status
Active
Size
1,838 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,629
Amenities
deck
above-ground pool
storage
laundry
Building Details
Building Size
1,838 SF
Year Built
1925
Buildings
1
Listing Agency:
Compass Greater NY, LLC
(914) 337-0070
Listed By:
Saulo Espaillat
Source:
Serhant
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 22 at 4:27AM
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 Compass Greater NY, LLC
Investment Insights
Based on property information with market context.
This detached legal two-family property, built in 1925, contains two residential units with separate layouts. The first-floor apartment includes one bedroom, one full bathroom, an eat-in kitchen, hardwood flooring, and backyard access through updated Andersen sliding doors. A newer Trex deck and above-ground pool add usable outdoor features. The upper residence is configured as a duplex with two bedrooms, a kitchen, full bathroom, and living area, plus flexibility for a third bedroom or home office. Ductless heating and air conditioning serve the top level, while the property also includes two gas boilers, laundry, storage, and a tiled entry foyer.
The property includes a private driveway and is located near shops, supermarkets, restaurants, and everyday services along Morris Park Avenue and Williamsbridge Road. Loreto Playground, Pelham Parkway, Bronx Park, public transportation, major roadways, medical centers, and additional shopping are also nearby.
The property includes a private driveway and is located near shops, supermarkets, restaurants, and everyday services along Morris Park Avenue and Williamsbridge Road. Loreto Playground, Pelham Parkway, Bronx Park, public transportation, major roadways, medical centers, and additional shopping are also nearby.
Key Highlights
- Detached legal two‑family property built in 1925
- First‑floor unit with 1 bedroom, 1 full bathroom, eat‑in kitchen, hardwood floors, and backyard access
- Upper duplex includes 2 bedrooms with flexibility for a third bedroom or home office
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
$46,688
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
5.49%
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%
$933,760
$933.8K
Cap Rate 7%
$666,971
$667.0K
Cap Rate 9%
$518,756
$518.8K
Market Conditions
NOI Build-Up for 1,838 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
$70.6K $38.40/SF
− Vacancy
−$3.9K −$2.11/SF
EGI
$66.7K $36.29/SF
− OpEx
−$20.0K −$10.89/SF
NOI
$46.7K $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%
$933,760
Cap Rate 7%
$666,971
Cap Rate 9%
$518,756
Alternative Uses
Best Use
Multifamily LT 5
$667.0K
$583.6K – $778.1K
NOI $46,688 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$604.0K
$528.5K – $704.7K
NOI $42,281 @ 7.0% cap · market cap 4.97%
Theoretical Best
Warehouse
$1.27M
$1.11M – $1.49M
NOI $89,152 @ 7.0% cap · market cap 10.49%
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
5,373
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
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 - Two residential units provide distinct layouts, private driveway parking, outdoor space, and separate living arrangements.
Where is this duplex located?
The property is located at 1563 Haight 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: Detached legal two‑family property built in 1925; First‑floor unit with 1 bedroom, 1 full bathroom, eat‑in kitchen, hardwood floors, and backyard access; Upper duplex includes 2 bedrooms with flexibility for a third bedroom or home office
