Two-Family Duplex with Unit
For Sale
$889,000
3313 Rombouts Avenue, Bronx, NY 10475
Built in 2011, the property offers two residential units with convenient access to transportation and nearby retail amenities.
Property Size1,872 SF
Price / SF$474.89
Days on Market233
Property Features for 3313 Rombouts Avenue
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,407
Building Details
Building Size
1,872 SF
Year Built
2011
Buildings
1
Listing Agency:
Berkshire Hathaway HS NY Prop
(917) 589-1924
Listed By:
Alma Miranda
Source:
Shawmetro
Added: Jan 7
Changed: Aug 28
Last Checked: Jul 30 at 7:08AM
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 Berkshire Hathaway HS NY Prop
Investment Insights
Based on property information with market context.
This two-family duplex was built in 2011 and includes two residential units with distinct bedroom and bathroom configurations. One unit provides 3 bedrooms and 2 bathrooms, while the first-floor unit includes 2 bedrooms and 2 bathrooms. The layout supports a range of household arrangements within a single multifamily property.
Transportation options are located nearby, and Baychester Plaza is close to the property with restaurants, shopping, and entertainment venues. The combination of two units, varied floor plans, and nearby amenities creates a practical multifamily configuration.
Transportation options are located nearby, and Baychester Plaza is close to the property with restaurants, shopping, and entertainment venues. The combination of two units, varied floor plans, and nearby amenities creates a practical multifamily configuration.
Key Highlights
- Two‑family duplex built in 2011
- One unit with 3 bedrooms and 2 bathrooms
- First‑floor unit with 2 bedrooms and 2 bathrooms
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
$47,552
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
5.35%
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%
$951,040
$951.0K
Cap Rate 7%
$679,314
$679.3K
Cap Rate 9%
$528,356
$528.4K
Market Conditions
NOI Build-Up for 1,872 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
$71.9K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$67.9K $36.29/SF
− OpEx
−$20.4K −$10.89/SF
NOI
$47.6K $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%
$951,040
Cap Rate 7%
$679,314
Cap Rate 9%
$528,356
Alternative Uses
Best Use
Multifamily LT 5
$679.3K
$594.4K – $792.5K
NOI $47,552 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$615.2K
$538.3K – $717.7K
NOI $43,063 @ 7.0% cap · market cap 4.84%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.51M
NOI $90,802 @ 7.0% cap · market cap 10.21%
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
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 10475, NY
42,609
Population
19,333
Households
2.2
Avg Household Size
49
Median Age
28%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
35,508
Density / Sq Mi
$62,383
Median Household Income
$46,476
Median Earnings
$1,221
Median Rent
$31,900
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 - Built in 2011, the property offers two residential units with convenient access to transportation and nearby retail amenities.
Where is this duplex located?
The property is located at 3313 Rombouts Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two‑family duplex built in 2011; One unit with 3 bedrooms and 2 bathrooms; First‑floor unit with 2 bedrooms and 2 bathrooms
