Updated Two-Family
For Sale
$1,199,000
1730 Fowler Avenue, Bronx, NY 10462
Two residential units include a finished basement with a separate entrance.
Property Size2,601 SF
Days on Market24
Property Features for 1730 Fowler Avenue
General Information
Standard status
Active
Size
2,601 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,800
Building Details
Building Size
2,601 SF
Year Built
1950
Buildings
1
Listing Agency:
CENTURY 21 ROYAL
(914) 319-3834
Listed By:
Peter Zagreda
Source:
Serhant
Added: Jul 23
Changed: Aug 13
Last Checked: Aug 15 at 12:47PM
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 CENTURY 21 ROYAL
Investment Insights
Based on property information with market context.
This Bronx duplex property, built in 1950, contains two residential units: a three-bedroom, one-bath apartment and a two-bedroom apartment. The lower-level space is finished and has its own entrance, adding flexible living area within the property. Recent improvements to the three-bedroom unit include a new kitchen with stainless steel appliances, an updated bathroom, fresh paint, refinished hardwood floors, and recessed lighting throughout the rooms.
The property is located on Fowler Avenue in the Morris Park section of the Bronx. Subway service, restaurants, parks, and shopping are within walking distance, while major parkways and highways provide regional access.
The property is located on Fowler Avenue in the Morris Park section of the Bronx. Subway service, restaurants, parks, and shopping are within walking distance, while major parkways and highways provide regional access.
Key Highlights
- Two‑family duplex with a 3‑bedroom, 1‑bath unit and a 2‑bedroom unit
- Finished basement with a separate entrance
- 3‑bedroom unit recently renovated with a new kitchen and stainless steel appliances
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
$63,159
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
5.27%
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%
$1,263,180
$1.3M
Cap Rate 7%
$902,271
$902.3K
Cap Rate 9%
$701,767
$701.8K
Market Conditions
NOI Build-Up for 2,601 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
$95.2K $36.60/SF
− Vacancy
−$5.0K −$1.91/SF
EGI
$90.2K $34.69/SF
− OpEx
−$27.1K −$10.41/SF
NOI
$63.2K $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%
$1,263,180
Cap Rate 7%
$902,271
Cap Rate 9%
$701,767
Alternative Uses
Best Use
Multifamily LT 5
$902.3K
$789.5K – $1.05M
NOI $63,159 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$804.2K
$703.7K – $938.2K
NOI $56,292 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,874 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,577
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 - Two residential units include a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 1730 Fowler Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family duplex with a 3‑bedroom, 1‑bath unit and a 2‑bedroom unit; Finished basement with a separate entrance; 3‑bedroom unit recently renovated with a new kitchen and stainless steel appliances
