Brick Two-Family Home with
For Sale
$899,000
Pending
3041 Sedgwick Ave The, Bronx, NY 10468
Two-family home with reservoir views, investment potential, and outdoor spaces.
Property Size2,580 SF
Lot Size0.05 Acres
Days on Market164
Property Features for 3041 Sedgwick Ave The
General Information
Standard status
Pending
Size
2,580 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,553
Building Details
Building Size
2,580 SF
Year Built
1950
Units
2
Listing Agency:
RE/MAX Distinguished Homes & Properties
(914) 473-6417
Listed By:
Barbara Han · License #10301218363
(914) 473-6417
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 20 at 8:54AM
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 RE/MAX Distinguished Homes & Properties
Investment Insights
Based on property information with market context.
This brick two-family home is located in The Bronx. The ground-floor unit features a one-bedroom layout. The upstairs duplex includes three bedrooms, 1.5 baths, an updated kitchen, in-unit laundry, and a renovated bathroom. Hardwood floors are present throughout the property. There are multiple private outdoor spaces, including front and rear patios. Additional features include a workshop/storage area, roof solar panels, a one-car garage, and driveway parking for two vehicles. The property offers views of the nearby reservoir. It is suitable for rental income, a guest suite, or multigenerational living. It can be used as an investment property or a home.
Key Highlights
- Breathtaking, unobstructed reservoir views.
- Two‑family home offering rental income potential or multi‑generational living.
- Spacious three‑bedroom duplex with updated kitchen, renovated bathroom, and in‑unit laundry.
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
$65,536
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
7.29%
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%
$1,310,720
$1.3M
Cap Rate 7%
$936,229
$936.2K
Cap Rate 9%
$728,178
$728.2K
Market Conditions
NOI Build-Up for 2,580 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
$99.1K $38.40/SF
− Vacancy
−$5.4K −$2.11/SF
EGI
$93.6K $36.29/SF
− OpEx
−$28.1K −$10.89/SF
NOI
$65.5K $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%
$1,310,720
Cap Rate 7%
$936,229
Cap Rate 9%
$728,178
Alternative Uses
Best Use
Multifamily LT 5
$936.2K
$819.2K – $1.09M
NOI $65,536 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$847.8K
$741.9K – $989.2K
NOI $59,349 @ 7.0% cap · market cap 6.60%
Theoretical Best
Warehouse
$1.79M
$1.56M – $2.09M
NOI $125,143 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,342
Businesses Nearby
Explore this area
Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
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 - Two-family home with reservoir views, investment potential, and outdoor spaces.
Where is this duplex located?
The property is located at 3041 Sedgwick Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Breathtaking, unobstructed reservoir views.; Two‑family home offering rental income potential or multi‑generational living.; Spacious three‑bedroom duplex with updated kitchen, renovated bathroom, and in‑unit laundry.
