Two-Family Home with Attached
For Sale
$669,900
Pending
2928 Fenton Avenue, Bronx, NY 10469
Two-family home with 4 bedrooms, 3 bathrooms, dedicated laundry, and an attached garage, delivered fully vacant at closing.
Property Size1,981 SF
Days on Market78
Property Features for 2928 Fenton Avenue
General Information
Standard status
Pending
Size
1,981 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,456
Amenities
dedicated laundry area
Building Details
Building Size
1,981 SF
Year Built
1950
Buildings
1
Listing Agency:
CLMA Realty
Listed By:
Daniel Hernandez · License #REB.0793906
(203) 479-0722
Source:
Shawmetro
Added: Jul 10
Changed: Sep 14
Last Checked: Sep 24 at 7:30PM
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 CLMA Realty
Investment Insights
Based on property information with market context.
This two-family (duplex) home at 2928 Fenton Avenue in the Bronx offers a practical layout for both owner-occupants and investors. The property includes 4 bedrooms and 3 bathrooms, along with an attached garage and a dedicated laundry area. The home will be delivered fully vacant at closing, providing immediate flexibility for its next owner.
Built in 1950, the residence is located in the Pelham Gardens neighborhood. A 3D virtual tour is available for review.
With multiple bedrooms and bathrooms plus in-home laundry, the property is set up for a variety of day-to-day uses and household needs while maintaining the convenience of an attached garage. The current vacancy at closing supports straightforward transition to a new owner.
Built in 1950, the residence is located in the Pelham Gardens neighborhood. A 3D virtual tour is available for review.
With multiple bedrooms and bathrooms plus in-home laundry, the property is set up for a variety of day-to-day uses and household needs while maintaining the convenience of an attached garage. The current vacancy at closing supports straightforward transition to a new owner.
Key Highlights
- Duplex with 4 bedrooms and 3 bathrooms
- Attached garage
- Dedicated laundry area
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
$50,321
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
7.51%
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%
$1,006,420
$1.0M
Cap Rate 7%
$718,871
$718.9K
Cap Rate 9%
$559,122
$559.1K
Market Conditions
NOI Build-Up for 1,981 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
$76.1K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$71.9K $36.29/SF
− OpEx
−$21.6K −$10.89/SF
NOI
$50.3K $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%
$1,006,420
Cap Rate 7%
$718,871
Cap Rate 9%
$559,122
Alternative Uses
Best Use
Multifamily LT 5
$718.9K
$629.0K – $838.7K
NOI $50,321 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$651.0K
$569.6K – $759.5K
NOI $45,570 @ 7.0% cap · market cap 6.80%
Theoretical Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,089 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with 4 bedrooms, 3 bathrooms, dedicated laundry, and an attached garage, delivered fully vacant at closing.
Where is this duplex located?
The property is located at 2928 Fenton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Duplex with 4 bedrooms and 3 bathrooms; Attached garage; Dedicated laundry area
