Two-Family Home with
For Sale
$888,000
Pending
2069 Seward Avenue, Bronx, NY 10473
MULTI_FAMILY - Bronx, NY
Property Size2,680 SF
Lot Size0.06 Acres
Days on Market117
Property Features for 2069 Seward Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 1, Bedroom 6
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Finished, Walk-Out Access
Elementary school
Ps 138 Samuel Randall
Middle school
Antonia Pantoja Prep Academy
High school
Bronx Bridges High School
Elementary school district
Bronx 8
Middle school district
Bronx 8
High school district
Bronx 8
Special listing conditions
Third Party Approval, Probate Listing
Standard status
Pending
APN
03607-0066
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7578
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1988
Number of units
2
Building materials
Frame
Listing Agency:
Mitra Hakimi Realty Group LLC
(718) 268-5588
Listed By:
Etan Hakimi · License #1014541
(718) 268-5588
Added: Apr 21
Changed: Aug 2
Last Checked: Aug 15 at 8:06PM
MLS# 984313
Copyright © 2026 OneKey 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.
Welcome to 2069 Seward Avenue, a well-maintained two-family home in the Castle Hill section of the Bronx. The property offers approximately 2,680 square feet of living space on a 28 x 100 lot, with each unit featuring three bedrooms, a full bathroom, an eat-in kitchen, a formal dining room, and a bright living room. Separate boiler systems add convenience, and the home includes a fully finished basement with a bathroom and direct access to the exterior for added flexible use.
The residence is built with frame construction and includes natural gas heating. Utilities include public water, with public sewer service. Outside, a private driveway and backyard complete the property.
Conveniently positioned near public transportation, the home is close to the 6 train at Castle Hill Avenue and Parkchester, along with multiple bus lines and major highways including the Bruckner Expressway, supporting access to Manhattan and surrounding areas.
The residence is built with frame construction and includes natural gas heating. Utilities include public water, with public sewer service. Outside, a private driveway and backyard complete the property.
Conveniently positioned near public transportation, the home is close to the 6 train at Castle Hill Avenue and Parkchester, along with multiple bus lines and major highways including the Bruckner Expressway, supporting access to Manhattan and surrounding areas.
Key Highlights
- Two‑family home on a 28 x 100 lot
- Approximately 2,680 SF of living space
- Three bedrooms and full bath per unit with eat‑in kitchen
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
$68,076
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
7.67%
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%
$1,361,520
$1.4M
Cap Rate 7%
$972,514
$972.5K
Cap Rate 9%
$756,400
$756.4K
Market Conditions
NOI Build-Up for 2,680 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
$102.9K $38.40/SF
− Vacancy
−$5.7K −$2.11/SF
EGI
$97.3K $36.29/SF
− OpEx
−$29.2K −$10.89/SF
NOI
$68.1K $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%
$1,361,520
Cap Rate 7%
$972,514
Cap Rate 9%
$756,400
Alternative Uses
Best Use
Multifamily LT 5
$972.5K
$851.0K – $1.13M
NOI $68,076 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$880.7K
$770.6K – $1.03M
NOI $61,650 @ 7.0% cap · market cap 6.94%
Theoretical Best
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,994 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with separate boiler systems, three bedrooms per unit, and private driveway.
Where is this duplex located?
The property is located at 2069 Seward Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two‑family home on a 28 x 100 lot; Approximately 2,680 SF of living space; Three bedrooms and full bath per unit with eat‑in kitchen
