Two-Unit Duplex with
For Sale
$770,000
Pending
2355 Tiebout Ave, Bronx, NY 10458
Legal two-family property with separate units and private parking.
Property Size2,280 SF
Lot Size0.06 Acres
Days on Market97
Property Features for 2355 Tiebout Ave
General Information
Standard status
Pending
Size
2,280 SF
Total Parking Spaces
2
Lot size
0.06 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Asking Price
$825,000
Taxes and HOA fees
Annual Taxes
$5,506
Building Details
Year Built
1992
Buildings
1
Listing Agency:
Exit Realty DKC
(347) 748-5875
Listed By:
Jarel Carroll
(347) 748-5875
Source:
Exprealty
Added: May 11
Changed: Aug 13
Last Checked: Aug 15 at 11:25AM
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 Exit Realty DKC
Investment Insights
Based on property information with market context.
Located at 2355 Tiebout Avenue in the Fordham Heights section of the Bronx, this legal two-family duplex was built in 1992 and contains approximately 2,280 square feet of living space. The property is arranged as a two-bedroom, one-bath unit on the second floor and a three-bedroom, one-and-a-half-bath duplex on the main level. It will be delivered vacant and is being sold as-is.
The home sits on a 20-by-125-foot lot and includes two private parking spaces. Its residential setting provides access to Fordham Road, the Grand Concourse, public transportation, shopping, schools, parks, and major highways. The separate-unit layout supports owner occupancy with rental use of the additional unit or continued two-family operation.
The home sits on a 20-by-125-foot lot and includes two private parking spaces. Its residential setting provides access to Fordham Road, the Grand Concourse, public transportation, shopping, schools, parks, and major highways. The separate-unit layout supports owner occupancy with rental use of the additional unit or continued two-family operation.
Key Highlights
- Legal two‑family duplex with two separate residential units
- Unit mix includes 2 bedrooms and 1 bath upstairs; 3 bedrooms and 1.5 baths in the main‑level duplex
- Approximately 2,280 square feet of living space
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
$57,916
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
7.52%
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%
$1,158,320
$1.2M
Cap Rate 7%
$827,371
$827.4K
Cap Rate 9%
$643,511
$643.5K
Market Conditions
NOI Build-Up for 2,280 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
$87.6K $38.40/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$82.7K $36.29/SF
− OpEx
−$24.8K −$10.89/SF
NOI
$57.9K $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%
$1,158,320
Cap Rate 7%
$827,371
Cap Rate 9%
$643,511
Alternative Uses
Best Use
Multifamily LT 5
$827.4K
$724.0K – $965.3K
NOI $57,916 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$749.3K
$655.6K – $874.1K
NOI $52,448 @ 7.0% cap · market cap 6.81%
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,592 @ 7.0% cap · market cap 14.36%
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
7,684
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
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate units and private parking.
Where is this duplex located?
The property is located at 2355 Tiebout Ave Bronx, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Legal two‑family duplex with two separate residential units; Unit mix includes 2 bedrooms and 1 bath upstairs; 3 bedrooms and 1.5 baths in the main‑level duplex; Approximately 2,280 square feet of living space
