Renovated Brick
For Sale
$1,099,000
3321 Fish Avenue, Bronx, NY 10469
Full-brick two-family property with finished lower-level space, separate entry, and rear parking.
Property Size3,080 SF
Days on Market68
Property Features for 3321 Fish Avenue
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,990
Amenities
finished basement
separate entrance
Building Details
Building Size
3,080 SF
Year Built
1930
Buildings
1
Units
2
Construction
full brick
Listing Agency:
Keller Williams Landmark II
(917) 854-1270
Listed By:
Zahed S. Hussain · License #10401285420
(917) 854-1270
Source:
Mahlerrealty
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 4:08PM
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 full-brick duplex, built in 1930, contains two residential units with approximately 1,148 square feet on each floor. The first level includes three bedrooms, a living room, an updated kitchen, and a full bathroom. The upper unit provides four bedrooms, a living room, a kitchen, and another full bathroom, creating a flexible two-family configuration.
A finished basement with its own separate entrance adds usable recreational or living space. The property also includes a shared driveway and rear parking. Its Bronx setting provides access to major highways, transportation, shopping, schools, and everyday amenities.
A finished basement with its own separate entrance adds usable recreational or living space. The property also includes a shared driveway and rear parking. Its Bronx setting provides access to major highways, transportation, shopping, schools, and everyday amenities.
Key Highlights
- Full‑brick two‑family duplex built in 1930
- Approximately 1,148 square feet on each floor
- First‑floor unit with 3 bedrooms and updated kitchen
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
$78,237
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
7.12%
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%
$1,564,740
$1.6M
Cap Rate 7%
$1,117,671
$1.1M
Cap Rate 9%
$869,300
$869.3K
Market Conditions
NOI Build-Up for 3,080 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
$118.3K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.8K $36.29/SF
− OpEx
−$33.5K −$10.89/SF
NOI
$78.2K $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%
$1,564,740
Cap Rate 7%
$1,117,671
Cap Rate 9%
$869,300
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.0K – $1.30M
NOI $78,237 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$1.01M
$885.6K – $1.18M
NOI $70,851 @ 7.0% cap · market cap 6.45%
Theoretical Best
Warehouse
$2.13M
$1.87M – $2.49M
NOI $149,396 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,232
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 - Full-brick two-family property with finished lower-level space, separate entry, and rear parking.
Where is this duplex located?
The property is located at 3321 Fish Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Full‑brick two‑family duplex built in 1930; Approximately 1,148 square feet on each floor; First‑floor unit with 3 bedrooms and updated kitchen
