Renovated Two-Family
For Sale
$895,000
Pending
3145 Mickle Ave The, Bronx, NY 10469
Renovated two-family house with modern kitchens and hardwood floors.
Property Size2,012 SF
Lot Size0.04 Acres
Days on Market274
Property Features for 3145 Mickle Ave The
General Information
Standard status
Pending
Size
2,012 SF
Lot size
0.04 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,468
Building Details
Building Size
2,012 SF
Year Built
1950
Units
2
Listing Agency:
Lifesmart Real Estate LLC
(516) 369-1011
Listed By:
Akmal Hussain
(516) 369-1011
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 26 at 8:55AM
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 Lifesmart Real Estate LLC
Investment Insights
Based on property information with market context.
This renovated two-family house features modern kitchens equipped with new, high-end stainless steel appliances and quartz countertops. The house has hardwood floors throughout. The first floor includes a living and dining room, three bedrooms, one full bath, a kitchen, a boiler room, and a separate laundry room in the front. The second floor offers a living and dining room, three bedrooms, and one full bath, and a kitchen. The property includes a driveway with parking space for one car. This property is located close to shopping areas, schools, and highways, providing convenient access to transportation. It is also within walking distance of the train station. This property is suitable for a large family and offers potential for additional rental income.
Key Highlights
- Two separate living units offering flexibility for large families or rental income.
- Renovated interiors with modern kitchens featuring stainless steel appliances and quartz countertops.
- Convenient location close to shopping, schools, highways, and public transportation, including walking distance to a train station.
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
$51,108
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
5.71%
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%
$1,022,160
$1.0M
Cap Rate 7%
$730,114
$730.1K
Cap Rate 9%
$567,867
$567.9K
Market Conditions
NOI Build-Up for 2,012 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
$77.3K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$73.0K $36.29/SF
− OpEx
−$21.9K −$10.89/SF
NOI
$51.1K $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%
$1,022,160
Cap Rate 7%
$730,114
Cap Rate 9%
$567,867
Alternative Uses
Best Use
Multifamily LT 5
$730.1K
$638.9K – $851.8K
NOI $51,108 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$661.2K
$578.5K – $771.4K
NOI $46,283 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$1.39M
$1.22M – $1.63M
NOI $97,592 @ 7.0% cap · market cap 10.90%
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 - Renovated two-family house with modern kitchens and hardwood floors.
Where is this duplex located?
The property is located at 3145 Mickle Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two separate living units offering flexibility for large families or rental income.; Renovated interiors with **modern kitchens featuring stainless steel appliances and quartz countertops.**; Convenient location close to shopping, schools, highways, and public transportation, including **walking distance to a train station.**
