New Construction Two-Family Brick
For Sale
$980,000
Pending
3136 Mickle Ave The, Bronx, NY 10469
Modern two-family home with income potential in The Bronx.
Property Size2,308 SF
Lot Size0.06 Acres
Days on Market173
Property Features for 3136 Mickle Ave The
General Information
Standard status
Pending
Size
2,308 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,073
Building Details
Building Size
2,308 SF
Year Built
2019
Units
2
Listing Agency:
BESMATCH REAL ESTATE
(347) 403-3288
Listed By:
Mamadou A. Balde
(347) 403-3288
Source:
Elliman
Added: Mar 10
Changed: Aug 25
Last Checked: Aug 26 at 9:24AM
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 BESMATCH REAL ESTATE
Investment Insights
Based on property information with market context.
This is a 2-family brick home constructed in 2019. Each unit features a modern layout with 3 bedrooms, 2 bathrooms, a bright living room, a formal dining room, and a fully equipped kitchen. The property includes a fully finished basement with 2 additional bedrooms, 1 bath, and a living room. Each unit has its own separate entrance and pays its own utilities. The property also features a nice-sized yard. This property is suitable for investors or homeowners seeking rental income potential.
Key Highlights
- New construction (2019) 2‑family brick home.
- Two spacious units, each with 3 bedrooms and 2 bathrooms.
- Fully finished basement with 2 additional bedrooms and 1 bathroom.
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
$58,627
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
5.98%
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%
$1,172,540
$1.2M
Cap Rate 7%
$837,529
$837.5K
Cap Rate 9%
$651,411
$651.4K
Market Conditions
NOI Build-Up for 2,308 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
$88.6K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$83.8K $36.29/SF
− OpEx
−$25.1K −$10.89/SF
NOI
$58.6K $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%
$1,172,540
Cap Rate 7%
$837,529
Cap Rate 9%
$651,411
Alternative Uses
Best Use
Multifamily LT 5
$837.5K
$732.8K – $977.1K
NOI $58,627 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$758.5K
$663.7K – $884.9K
NOI $53,092 @ 7.0% cap · market cap 5.42%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,950 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Modern two-family home with income potential in The Bronx.
Where is this duplex located?
The property is located at 3136 Mickle Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: New construction (2019) 2‑family brick home.; Two spacious units, each with 3 bedrooms and 2 bathrooms.; Fully finished basement with 2 additional bedrooms and 1 bathroom.
