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    Newly Constructed Bronx Two-Family Title is generated by Realmo AI

    2118 Quimby Avenue, Bronx, NY 10473

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    Claim this Listing
    Pending
    $1,149,000

    MULTI_FAMILY - Bronx, NY

    Lot size:
    0.12 Acres
    Added:
    Oct 21, 2025
    Days on Market:
    222
    Last Refresh:
    May 30 at 10:06 am

    Property Features for 2118 Quimby Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Basement
    Parking features
    Garage, Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Basement
    Walk-Out Access, Finished, Full
    Standard status
    Pending
    APN
    03687-0014
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7560

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Energy Star Qualified Equipment (Heating)
    Cooling system
    ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Gabriel Kashi

    Listing agent Gabriel Kashi

    Listing office Keystone Realty USA Corp 60 E Main St, E. Northport, NY

    Listing date Oct 21, 2025

    MLS# 926904 Listing URL

    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.

    HighLights

    • Newly constructed two‑family home offering rental income potential of $4,000/month.
    • Enjoy a private driveway, two‑car garage, and large yard.
    • Modern kitchens feature granite countertops, custom cabinetry, and stainless steel appliances.
    • Convenient location with easy access to major transportation, schools, shopping, restaurants, and parks.
    • Equipped with energy‑efficient split unit A/C systems and new wide oak wood flooring throughout.
    • Finished basement with interior and exterior access.

    Overview

    Located on a tree-lined street in the Castle Hill section of The Bronx, this newly constructed two-family home at 2118 Quimby Avenue sits on a 50x103 lot. The property includes a wide private driveway, a two-car garage, and yard space suitable for outdoor gatherings. The building is configured as a three-bedroom, two-bath rental unit, with an estimated rental income of $4,000 per month. The owner's unit features three bedrooms and two baths and can be used as a garden-basement duplex to create additional living or recreational space. Both units include living and dining areas, granite kitchens with custom cabinetry, and stainless steel appliances. Bedrooms are spacious and include ample closet space. The primary suite has a private en suite bathroom with spa-like finishes, and an additional fully tiled bathroom is shared between the other two bedrooms. Construction features include wide oak wood flooring, recessed lighting, electrical, heating, plumbing, and energy-efficient split-unit A/C systems throughout. The high-ceiling, full-finished basement has both interior and exterior access, suitable for use as an in-law suite, media den, home office, storage space, or additional recreational space. The property is located near major transportation routes, including Lafayette Avenue, Bruckner Blvd, Castle Hill Avenue, and Zerga Avenue. It is also located near schools, shopping centers, restaurants, cafes, and parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.851979
    Latitude
    40.825642

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    FAQs

    What type of property is this?
    Duplex - Spacious two-family home in Castle Hill, Bronx with income potential.
    Where is this duplex located?
    The property is located at 2118 Quimby Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: Newly constructed two‑family home offering rental income potential of $4,000/month.; Enjoy a private driveway, two‑car garage, and large yard.; Modern kitchens feature granite countertops, custom cabinetry, and stainless steel appliances.
    (347) 419-5268
    We can help!
    Listing Contact
    Gabriel Kashi
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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