Detached Duplex with Walk-Out
For Sale
$875,000
2020 Continental Avenue, Bronx, NY 10461
Two full apartments plus finished lower-level space support flexible living arrangements and rental use.
Property Size2,025 SF
Days on Market45
Property Features for 2020 Continental Avenue
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,160
Amenities
in-unit laundry
patio
Building Details
Building Size
2,025 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Keller Williams Realty Group
(914) 557-8212
Listed By:
Alexandra L. Fischer
(914) 557-8212
Source:
Mydreamhomerealty
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 25 at 9:26AM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This detached duplex, built in 1920, contains two three-bedroom, one-bath apartments. The first-floor residence includes a renovated kitchen, living room, in-unit laundry, patio access, and a connection to the finished walk-out basement. The upper apartment has a comparable three-bedroom layout, along with fresh paint and updated kitchen flooring.
The lower level adds approximately 655 square feet with a separate entrance, kitchenette, and full bathroom. Its configuration provides additional space for guest accommodations, recreation, office use, or fitness activities. The property is located at 2020 Continental Avenue in the Bronx, near City Island, Orchard Beach, public transportation, major highways, shopping, restaurants, parks, and other local amenities.
The lower level adds approximately 655 square feet with a separate entrance, kitchenette, and full bathroom. Its configuration provides additional space for guest accommodations, recreation, office use, or fitness activities. The property is located at 2020 Continental Avenue in the Bronx, near City Island, Orchard Beach, public transportation, major highways, shopping, restaurants, parks, and other local amenities.
Key Highlights
- Detached two‑family duplex with two 3‑bedroom, 1‑bath apartments
- Finished walk‑out basement adds approximately 655 square feet
- Lower level includes a private entrance, kitchenette, and full bathroom
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
$51,438
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
5.88%
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%
$1,028,760
$1.0M
Cap Rate 7%
$734,829
$734.8K
Cap Rate 9%
$571,533
$571.5K
Market Conditions
NOI Build-Up for 2,025 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
$77.8K $38.40/SF
− Vacancy
−$4.3K −$2.11/SF
EGI
$73.5K $36.29/SF
− OpEx
−$22.0K −$10.89/SF
NOI
$51.4K $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%
$1,028,760
Cap Rate 7%
$734,829
Cap Rate 9%
$571,533
Alternative Uses
Best Use
Multifamily LT 5
$734.8K
$643.0K – $857.3K
NOI $51,438 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$665.5K
$582.3K – $776.4K
NOI $46,582 @ 7.0% cap · market cap 5.32%
Theoretical Best
Warehouse
$1.40M
$1.23M – $1.64M
NOI $98,223 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,078
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 - Two full apartments plus finished lower-level space support flexible living arrangements and rental use.
Where is this duplex located?
The property is located at 2020 Continental Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Detached two‑family duplex with two 3‑bedroom, 1‑bath apartments; Finished walk‑out basement adds approximately 655 square feet; Lower level includes a private entrance, kitchenette, and full bathroom
