Two-Family Home Near Bay
For Sale
$715,000
Pending
1764 Bartow Ave The, Bronx, NY 10469
Two-family home with finished basement, near shopping and transportation.
Property Size2,468 SF
Lot Size0.08 Acres
Days on Market165
Property Features for 1764 Bartow Ave The
General Information
Standard status
Pending
Size
2,468 SF
Lot size
0.08 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,546
Building Details
Building Size
2,468 SF
Year Built
1961
Units
2
Listing Agency:
(718) 737-3874
Listed By:
Sergio J. Garcia · License #10401277594
(718) 737-3874
Source:
Elliman
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 22 at 10:49AM
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 Sergio J. Garcia
Investment Insights
Based on property information with market context.
This two-family home is suitable for investors or multi-generational living. The property features a three-bedroom, one-bathroom apartment on the upper level and a two-bedroom, one-bathroom apartment below. Both units offer natural light and living space. The full finished basement includes a laundry room and utility room. Rear parking accommodates up to two cars. Located in a central area, the home is near I-95, Bay Plaza Mall, supermarkets, schools, churches, and public transportation, including train line 5 and multiple bus lines. The property may need some updating and presents an opportunity to personalize the living space or enhance rental potential.
Key Highlights
- Two‑family home ideal for investors or multi‑generational living
- Prime central location with easy access to I‑95
- Proximity to Bay Plaza Mall, supermarkets, schools, churches, and public transportation (train line 5 and multiple bus lines)
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
$62,691
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
8.77%
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%
$1,253,820
$1.3M
Cap Rate 7%
$895,586
$895.6K
Cap Rate 9%
$696,567
$696.6K
Market Conditions
NOI Build-Up for 2,468 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
$94.8K $38.40/SF
− Vacancy
−$5.2K −$2.11/SF
EGI
$89.6K $36.29/SF
− OpEx
−$26.9K −$10.89/SF
NOI
$62.7K $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%
$1,253,820
Cap Rate 7%
$895,586
Cap Rate 9%
$696,567
Alternative Uses
Best Use
Multifamily LT 5
$895.6K
$783.6K – $1.04M
NOI $62,691 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$811.0K
$709.7K – $946.2K
NOI $56,773 @ 7.0% cap · market cap 7.94%
Theoretical Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,711 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
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-family home with finished basement, near shopping and transportation.
Where is this duplex located?
The property is located at 1764 Bartow Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Two‑family home ideal for investors or multi‑generational living; Prime central location with easy access to I‑95; Proximity to Bay Plaza Mall, supermarkets, schools, churches, and public transportation (train line 5 and multiple bus lines)
