Renovation-Ready Duplex
For Sale
$484,900
Pending
2307 Cambreleng Avenue, Bronx, NY 10458
Residential Income, Bronx, NY
Property Size1,575 SF
Lot Size0.04 Acres
Days on Market110
Property Features for 2307 Cambreleng Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement, Bedroom 2
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished
Elementary school
Ps 32 Belmont
Middle school
Jhs 118 William W Niles
High school
Belmont Preparatory High School
Elementary school district
Bronx 10
Middle school district
Bronx 10
High school district
Bronx 10
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Pending
APN
03088-0045
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4037
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
2
Building materials
Frame, Stucco
Listing Agency:
River Realty Services, Inc.
(845) 564-2800
Listed By:
Joseph Kuhl · License #10301220943
(914) 776-4576
Added: May 22
Changed: Sep 7
Last Checked: Sep 8 at 2:06PM
MLS# 1003849
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.
This vacant duplex townhouse contains 1,575 square feet across two residential units and requires renovation. The lower residence spans two levels and includes two bedrooms, a living room with fireplace, kitchen, and full bathroom. The upper unit offers one bedroom, living room, kitchen, and bathroom. First-floor bedroom and full-bath features are also identified, along with a basement.
Built in 1925, the frame-and-stucco property occupies 0.0358 acres and is served by public water and public sewer. Hot-water heating is installed, with wall/window and window-unit cooling. The property is located near Arthur Avenue and the Little Italy area in the Bronx.
R7-1 zoning, a three-bedroom total unit mix, and the existing two-unit configuration provide a clear framework for renovation planning, subject to applicable approvals.
Built in 1925, the frame-and-stucco property occupies 0.0358 acres and is served by public water and public sewer. Hot-water heating is installed, with wall/window and window-unit cooling. The property is located near Arthur Avenue and the Little Italy area in the Bronx.
R7-1 zoning, a three-bedroom total unit mix, and the existing two-unit configuration provide a clear framework for renovation planning, subject to applicable approvals.
Key Highlights
- Two‑unit duplex townhouse with 1,575 square feet
- Unit 1 includes 2 bedrooms across two levels
- Unit 2 is a 1‑bedroom upper‑level residence
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
$40,008
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
8.25%
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%
$800,160
$800.2K
Cap Rate 7%
$571,543
$571.5K
Cap Rate 9%
$444,533
$444.5K
Market Conditions
NOI Build-Up for 1,575 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
$60.5K $38.40/SF
− Vacancy
−$3.3K −$2.11/SF
EGI
$57.2K $36.29/SF
− OpEx
−$17.1K −$10.89/SF
NOI
$40.0K $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%
$800,160
Cap Rate 7%
$571,543
Cap Rate 9%
$444,533
Alternative Uses
Best Use
Multifamily LT 5
$571.5K
$500.1K – $666.8K
NOI $40,008 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$517.6K
$452.9K – $603.9K
NOI $36,231 @ 7.0% cap · market cap 7.47%
Theoretical Best
Warehouse
$1.09M
$955.0K – $1.27M
NOI $76,396 @ 7.0% cap · market cap 15.76%
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
4,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 10458, NY
81,299
Population
30,592
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
68%
High-School Grad
1.2 sq mi
ZIP Area
67,749
Density / Sq Mi
$42,107
Median Household Income
$29,596
Median Earnings
$1,548
Median Rent
$515,700
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 - Two residential units with separate living areas, kitchens, and baths, situated in an R7-1 zoning district.
Where is this duplex located?
The property is located at 2307 Cambreleng Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Two‑unit duplex townhouse with 1,575 square feet; Unit 1 includes 2 bedrooms across two levels; Unit 2 is a 1‑bedroom upper‑level residence
