Legal 2-Family
For Sale
$1,649,000
1716 Fowler Avenue, Bronx, NY 10462
Finished basement areas provide additional flexible living space alongside the two-family layout.
Property Size3,906 SF
Days on Market68
Property Features for 1716 Fowler Avenue
General Information
Standard status
Active
Size
3,906 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,989
Building Details
Building Size
3,906 SF
Year Built
1920
Units
4
Listing Agency:
Coldwell Banker Realty
(914) 624-0234
Listed By:
Giuseppe Masucci
(914) 624-0234
Source:
Professionalchoicerealty
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 2:04PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 1716 Fowler Avenue in the Morris Park section of the Bronx, this legal two-family home was built in 1920. The property includes two residential units along with two finished living spaces in the basement, creating a flexible configuration for occupancy, extended household needs, or rental use.
The home is positioned near a train station, shopping, hospitals, medical facilities, restaurants, schools, and major highways. Its two-family structure supports an owner-occupant arrangement with rental income from the additional unit, while the finished basement areas expand the property's usable living space.
The home is positioned near a train station, shopping, hospitals, medical facilities, restaurants, schools, and major highways. Its two-family structure supports an owner-occupant arrangement with rental income from the additional unit, while the finished basement areas expand the property's usable living space.
Key Highlights
- Legal 2‑family home at 1716 Fowler Avenue, Bronx, NY 10462
- Two finished living spaces in the basement
- Built in 1920
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
$94,848
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
5.75%
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%
$1,896,960
$1.9M
Cap Rate 7%
$1,354,971
$1.4M
Cap Rate 9%
$1,053,867
$1.1M
Market Conditions
NOI Build-Up for 3,906 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
$143.0K $36.60/SF
− Vacancy
−$7.5K −$1.91/SF
EGI
$135.5K $34.69/SF
− OpEx
−$40.6K −$10.41/SF
NOI
$94.8K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /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%
$1,896,960
Cap Rate 7%
$1,354,971
Cap Rate 9%
$1,053,867
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.19M – $1.58M
NOI $94,848 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,535 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,461 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,214
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
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 - Finished basement areas provide additional flexible living space alongside the two-family layout.
Where is this duplex located?
The property is located at 1716 Fowler Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Legal 2‑family home at 1716 Fowler Avenue, Bronx, NY 10462; Two finished living spaces in the basement; Built in 1920
