Detached Two-Family
For Sale
$748,000
Pending
1811 Parkview Avenue, Bronx, NY 10461
Residential Income, Bronx, NY
Property Size1,750 SF
Lot Size0.06 Acres
Days on Market172
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, Laundry Room, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
Subdivision
Pelham Bay
High school district
Bronx 8
Directions
Willow Lane to Parkview Avenue
Standard status
Pending
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
Amenities
laundry
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: Sep 23
Last Checked: Sep 25 at 1:06AM
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.
This detached duplex, built in 1925, contains two residential units with a combined 4 bedrooms and 3 full bathrooms. Each unit provides a living and dining area along with a full kitchen, creating a practical layout for household occupancy. The property also includes a full finished basement with laundry and a boiler room, adding usable interior space beyond the main living areas.
The home is served by public water and natural gas hot-water heating. Its Bronx location at 1811 Parkview Avenue places the property near public transportation, including bus routes Bx4, Bx4A, Bx39, and BxM6. The 1,750-square-foot residence sits on a 0.0574-acre lot.
The home is served by public water and natural gas hot-water heating. Its Bronx location at 1811 Parkview Avenue places the property near public transportation, including bus routes Bx4, Bx4A, Bx39, and BxM6. The 1,750-square-foot residence sits on a 0.0574-acre lot.
Key Highlights
- Two‑family detached duplex with 4 bedrooms and 3 full bathrooms
- 1,750‑square‑foot residential property on a 0.0574‑acre lot
- Full finished basement with laundry and boiler room
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
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include finished lower-level space, laundry facilities, and separate living, dining, and kitchen areas.
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: Two‑family detached duplex with 4 bedrooms and 3 full bathrooms; 1,750‑square‑foot residential property on a 0.0574‑acre lot; Full finished basement with laundry and boiler room
