Renovated Duplex
For Sale
$989,445
325 Newman Avenue, Bronx, NY 10473
Two-family residence with finished attic and basement space, updated interiors, and outdoor areas for additional flexibility.
Property Size2,250 SF
Days on Market58
Property Features for 325 Newman Avenue
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,223
Amenities
rear porch
backyard
Building Details
Building Size
2,250 SF
Year Built
1920
Units
2
Listing Agency:
Keller Williams Landmark II
(718) 749-9192
Listed By:
Vincent Thompson
(718) 749-9192
Source:
Maurafinnegan
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 25 at 9:23AM
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 Keller Williams Landmark II
Investment Insights
Based on property information with market context.
This renovated duplex is configured with a three-bedroom apartment over another three-bedroom apartment, providing a clear two-family layout. Finished areas extend beyond the main living spaces, including a walk-up attic and a basement with its own exterior entry. A rear porch opens toward the large backyard, adding usable outdoor space.
Interior improvements include a new kitchen with stainless steel appliances, granite countertops, a push-in stove, and pot fillers. Updated bathroom lighting, a floating vanity, laminated flooring, carpeted stairs, and one bedroom with a vaulted ceiling add to the interior specification. Split heating and cooling systems serve all four levels, and the home was built in 1920.
Interior improvements include a new kitchen with stainless steel appliances, granite countertops, a push-in stove, and pot fillers. Updated bathroom lighting, a floating vanity, laminated flooring, carpeted stairs, and one bedroom with a vaulted ceiling add to the interior specification. Split heating and cooling systems serve all four levels, and the home was built in 1920.
Key Highlights
- Two‑family layout with 3 bedrooms over 3 bedrooms
- Finished walk‑up attic adds usable interior space
- Finished basement includes a separate outside entrance
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
$57,154
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
5.78%
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%
$1,143,080
$1.1M
Cap Rate 7%
$816,486
$816.5K
Cap Rate 9%
$635,044
$635.0K
Market Conditions
NOI Build-Up for 2,250 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
$86.4K $38.40/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$81.6K $36.29/SF
− OpEx
−$24.5K −$10.89/SF
NOI
$57.2K $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%
$1,143,080
Cap Rate 7%
$816,486
Cap Rate 9%
$635,044
Alternative Uses
Best Use
Multifamily LT 5
$816.5K
$714.4K – $952.6K
NOI $57,154 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$739.4K
$647.0K – $862.6K
NOI $51,758 @ 7.0% cap · market cap 5.23%
Theoretical Best
Warehouse
$1.56M
$1.36M – $1.82M
NOI $109,136 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
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 residence with finished attic and basement space, updated interiors, and outdoor areas for additional flexibility.
Where is this duplex located?
The property is located at 325 Newman Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $989,445.
What are key features of this property?
This property features: Two‑family layout with 3 bedrooms over 3 bedrooms; Finished walk‑up attic adds usable interior space; Finished basement includes a separate outside entrance
