Detached Duplex with Finished
For Sale
Under Contract
$748,000
1811 Parkview Avenue, Bronx, NY 10461
MULTI_FAMILY - Bronx, NY
Property Size1,750 SF
Lot Size0.06 Acres
Price / SF$427.43
Days on Market138
Property Features for 1811 Parkview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Laundry Room, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Subdivision
Pelham Bay
High school district
Bronx 8
Directions
Willow Lane to Parkview Avenue
Standard status
Active Under Contract
Size
1,750 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6393
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Listing Agency:
NY SUPERIOR REALTY
(718) 205-7770
Listed By:
Nora Avalos
Added: Apr 7
Changed: Aug 3
Last Checked: Aug 22 at 12:06PM
MLS# 11688413
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached two-family duplex at 1811 Parkview Avenue with a functional layout that includes four bedrooms and three full bathrooms. Each unit offers a living room/dining room combination along with a full kitchen. The property also features a full finished basement with a laundry area and a dedicated boiler room, providing additional space for recreation or storage.
Built in 1925, the home is heated with natural gas and hot water heat, and it connects to public water. The property sits on a 0.0574-acre lot and includes 1,750 square feet of building area.
Convenient transit access is supported by nearby bus lines including Bx4, Bx4A, Bx39, and BxM6.
Built in 1925, the home is heated with natural gas and hot water heat, and it connects to public water. The property sits on a 0.0574-acre lot and includes 1,750 square feet of building area.
Convenient transit access is supported by nearby bus lines including Bx4, Bx4A, Bx39, and BxM6.
Key Highlights
- Detached two‑family duplex on Parkview Avenue
- Four bedrooms and three full bathrooms
- Living room/dining room combination plus full kitchen in each unit
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
$44,453
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
5.94%
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%
$889,060
$889.1K
Cap Rate 7%
$635,043
$635.0K
Cap Rate 9%
$493,922
$493.9K
Market Conditions
NOI Build-Up for 1,750 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
$67.2K $38.40/SF
− Vacancy
−$3.7K −$2.11/SF
EGI
$63.5K $36.29/SF
− OpEx
−$19.1K −$10.89/SF
NOI
$44.5K $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%
$889,060
Cap Rate 7%
$635,043
Cap Rate 9%
$493,922
Alternative Uses
Best Use
Multifamily LT 5
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$575.1K
$503.2K – $670.9K
NOI $40,256 @ 7.0% cap · market cap 5.38%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,884 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,148
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 - Detached two-family home with four bedrooms, three full bathrooms, and a finished basement with laundry and boiler room.
Where is this duplex located?
The property is located at 1811 Parkview Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: Detached two‑family duplex on Parkview Avenue; Four bedrooms and three full bathrooms; Living room/dining room combination plus full kitchen in each unit
