New Bronx Two-Family
For Sale
$1,799,000
Pending
3174 VAlhalla Dr The, Bronx, NY 10465
Newly built two-family home in the Country Club section.
Property Size4,500 SF
Days on Market147
Property Features for 3174 VAlhalla Dr The
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,000
Building Details
Building Size
4,500 SF
Year Built
2026
Units
2
Listing Agency:
Han Tang Realty Inc.
Listed By:
Ying Dong
(646) 386-6933
Source:
Elliman
Added: Apr 15
Changed: Aug 31
Last Checked: Sep 8 at 7:17AM
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 Han Tang Realty Inc.
Investment Insights
Based on property information with market context.
Located on Valhalla Dr in the Country Club section of the Bronx, this new two-family home offers modern design and high-end finishes. The second-floor unit features 4 bedrooms, including a primary suite, and a full guest bathroom. The contemporary kitchen includes custom cabinetry, marble countertops, and stainless-steel appliances. Front and rear balconies provide outdoor space and natural light. The first floor offers 3 bedrooms, including a primary suite, and a full guest bathroom. The modern kitchen mirrors the upper level with custom cabinets, marble countertops, and stainless-steel appliances. A rear sliding door leads to the backyard, and the primary bedroom has direct access to a front balcony. The home includes a high-ceiling, fully finished open basement with a full bathroom and laundry room. Private driveway parking accommodates up to 4 cars. Two separate central air conditioning systems enhance comfort and efficiency. The property is located in an area with excellent transit (transit score of 72), is somewhat bikeable (bike score of 44), and car-dependent (walk score of 41).
Key Highlights
- Brand new 2‑family home in the desirable Country Club section of the Bronx.
- Two units: one with 4 bedrooms, the other with 3 bedrooms, each including a primary suite.
- Modern kitchens in both units with custom cabinetry, marble countertops, and stainless‑steel appliances.**
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
$114,307
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
6.35%
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%
$2,286,140
$2.3M
Cap Rate 7%
$1,632,957
$1.6M
Cap Rate 9%
$1,270,078
$1.3M
Market Conditions
NOI Build-Up for 4,500 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
$172.8K $38.40/SF
− Vacancy
−$9.5K −$2.11/SF
EGI
$163.3K $36.29/SF
− OpEx
−$49.0K −$10.89/SF
NOI
$114.3K $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%
$2,286,140
Cap Rate 7%
$1,632,957
Cap Rate 9%
$1,270,078
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,307 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,516 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,273 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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 - Newly built two-family home in the Country Club section.
Where is this duplex located?
The property is located at 3174 VAlhalla Dr The Bronx, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Brand new 2‑family home in the desirable Country Club section of the Bronx.; Two units: one with 4 bedrooms, the other with 3 bedrooms, each including a primary suite.; Modern kitchens in both units with custom cabinetry, marble countertops, and stainless‑steel appliances.**
