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    Vacant Two-Family Residence Title is generated by Realmo AI

    2876 Harrington Avenue, Bronx, NY 10461

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    For Sale
    $969,000

    MULTI_FAMILY - Bronx, NY

    Property size:
    2,280 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $425/SF
    Added:
    May 21, 2026
    Days on Market:
    17
    Last Refresh:
    Jun 6 at 2:06 am

    Property Features for 2876 Harrington Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 6, Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2
    Parking features
    Driveway
    Interior features
    Storage, Washer/Dryer Hookup
    Basement
    Finished, Full
    Standard status
    Active
    APN
    05376-0012
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8208

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Oil
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Brick
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brittany Perpepaj
    Brittany Perpepaj

    Listing agent Brittany Perpepaj License #10401395426 (NY)

    Listing office Corcoran Legends Realty 1197 Pleasantville Rd., Tarrytown, NY

    Listing date May 21, 2026

    MLS# 1008066 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

    • Legal 2‑family brick home with approx. 2,280 sq ft of living space, designed for owner‑occupants or investors
    • First‑floor unit: 3 bedrooms, 1 full updated bath, updated kitchen, living space, in‑unit laundry, and private balcony/terrace access
    • Second‑floor unit: 3 bedrooms, updated full bath, kitchen and living space, in‑unit laundry, primary bedroom plus attached bonus room/walk‑in closet
    • Balcony/terrace access from both units, plus a finished basement with interior access through the first‑floor unit and separate exterior access
    • Year built 1940; heated with radiant and oil; cooled with window/wall/window‑unit(s)
    • Utilities: public water and public sewer; parking includes a driveway, and there is a 1‑car garage with storage

    Overview

    A vacant, legal two-family residence offering two separate 3-bedroom units. The first-floor unit includes 3 bedrooms, an updated full bathroom, an updated kitchen, living space, and in-unit laundry, along with access to a private balcony/terrace. The second-floor unit also features 3 bedrooms, an updated full bathroom, an updated kitchen, living space, in-unit laundry, and a spacious primary bedroom with an attached bonus room/walk-in closet, with balcony/terrace access as well.

    The home includes a finished basement with interior access through the first-floor unit and separate exterior access, providing additional flexibility for storage or other household use. A 1-car garage with storage is also part of the property. The listing notes a convenient setting near transportation, shopping, dining, schools, and major highways.

    Delivered vacant, this property is well suited for an owner-occupant who wants rental income from a second unit, or for buyers seeking a straightforward two-family configuration for end-user use or future tenancy. The presence of in-unit laundry on both floors and terrace access from each unit are practical features for day-to-day living.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $87.6k $38.40
    − Vacancy −$4.8k −$2.11
    EGI $82.7k $36.29
    − OpEx −$24.8k −$10.89
    NOI $57.9k $25.40
    2,280 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $827.4K
    $724.0K – $965.3K (±1% cap)
    NOI $57,916 @ 7.0% cap · market cap 5.98%
    Second Best
    Apartment 5plus
    $749.3K
    $655.6K – $874.1K (±1% cap)
    NOI $52,448 @ 7.0% cap · market cap 5.41%
    Theoretical Best
    Warehouse
    $1.58M
    $1.38M – $1.84M (±1% cap)
    NOI $110,592 @ 7.0% cap · market cap 11.41%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -73.832892
    Latitude
    40.839746

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    FAQs

    What type of property is this?
    Duplex - Well-maintained legal two-family home with two 3-bedroom units, in-unit laundry, terraces, a finished basement, and garage.
    Where is this duplex located?
    The property is located at 2876 Harrington Avenue Bronx, NY.
    What is the asking price?
    The asking price for this property is $969,000.
    What are key features of this property?
    This property features: Legal 2‑family brick home with approx. 2,280 sq ft of living space, designed for owner‑occupants or investors; First‑floor unit: 3 bedrooms, 1 full updated bath, updated kitchen, living space, in‑unit laundry, and private balcony/terrace access; Second‑floor unit: 3 bedrooms, updated full bath, kitchen and living space, in‑unit laundry, primary bedroom plus attached bonus room/walk‑in closet
    (201) 957-3512
    We can help!
    Listing Contact
    Brittany Perpepaj
    Brittany Perpepaj
    Real Estate License ID: 10401395426 (NY)
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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.

    More about this property
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