Two-Family Brick
New
For Sale
$699,900
3118 Eastchester Road, Bronx, NY 10469
Basement garage and full basement provide additional functional space.
Property Size2,455 SF
Price / SF$285.09
Days on Market4
Property Features for 3118 Eastchester Road
General Information
Standard status
Active
Size
2,455 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,976
Building Details
Building Size
2,455 SF
Year Built
1955
Listing Agency:
RE/MAX City Square
Listed By:
Aaron L. Ram · License #10301214421
(917) 578-9622
Source:
Shawmetro
Added: Sep 28
Changed: Sep 30
Last Checked: Sep 30 at 3:19PM
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 City Square
Investment Insights
Based on property information with market context.
Built in 1955, this brick duplex contains two family units and approximately 2,455 square feet. The property occupies a 2,778-square-foot lot and includes a full basement with a garage below grade.
The Bronx property is near the 5 train and BX31 bus, with neighborhood shopping and everyday services in the surrounding area.
The Bronx property is near the 5 train and BX31 bus, with neighborhood shopping and everyday services in the surrounding area.
Key Highlights
- Two‑family brick residence built in 1955
- Approximately 2,455 square feet on a 2,778‑square‑foot lot
- Full basement with a basement garage
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
$62,361
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
8.91%
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%
$1,247,220
$1.2M
Cap Rate 7%
$890,871
$890.9K
Cap Rate 9%
$692,900
$692.9K
Market Conditions
NOI Build-Up for 2,455 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
$94.3K $38.40/SF
− Vacancy
−$5.2K −$2.11/SF
EGI
$89.1K $36.29/SF
− OpEx
−$26.7K −$10.89/SF
NOI
$62.4K $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%
$1,247,220
Cap Rate 7%
$890,871
Cap Rate 9%
$692,900
Alternative Uses
Best Use
Multifamily LT 5
$890.9K
$779.5K – $1.04M
NOI $62,361 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$806.8K
$705.9K – $941.2K
NOI $56,474 @ 7.0% cap · market cap 8.07%
Theoretical Best
Warehouse
$1.70M
$1.49M – $1.98M
NOI $119,080 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,781
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Basement garage and full basement provide additional functional space.
Where is this duplex located?
The property is located at 3118 Eastchester Road Bronx, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family brick residence built in 1955; Approximately 2,455 square feet on a 2,778‑square‑foot lot; Full basement with a basement garage
