Two-Unit Duplex
For Sale
$799,000
3343 Mickle Avenue, Bronx, NY 10469
Separate upper and lower residences provide flexible living arrangements with private off-street parking.
Property Size1,440 SF
Lot Size0.03 Acres
Price / SF$554.86
Days on Market24
Property Features for 3343 Mickle Avenue
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.03 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,897
Building Details
Building Size
1,440 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
WW Realty Group Inc
(917) 319-8892
Listed By:
Eyal Sagi · License #10311209735
Source:
Shawmetro
Added: Jul 19
Changed: Aug 11
Last Checked: Aug 11 at 12:45PM
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 WW Realty Group Inc
Investment Insights
Based on property information with market context.
This two-unit duplex property contains approximately 1,440 square feet of living space on a 1,520 square foot lot. The upper residence is arranged as a three-bedroom duplex with one full bathroom and one half bath, while the lower unit includes one bedroom and one bathroom. Together, the property offers four bedrooms and two-and-a-half bathrooms across the two residences. A private driveway adds off-street parking, and the home was built in 1940.
Located at 3343 Mickle Avenue in the Laconia section of the Bronx, the property is near shopping, schools, public transportation, parks, and major highways. Its residential setting supports a range of occupancy arrangements, including combined living, extended household use, or separate use of the lower residence.
Located at 3343 Mickle Avenue in the Laconia section of the Bronx, the property is near shopping, schools, public transportation, parks, and major highways. Its residential setting supports a range of occupancy arrangements, including combined living, extended household use, or separate use of the lower residence.
Key Highlights
- Two residential units with four bedrooms and 2.5 bathrooms total
- Approximately 1,440 square feet of living space
- Upper three‑bedroom duplex with one full bath and one half bath
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
$36,578
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
4.58%
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%
$731,560
$731.6K
Cap Rate 7%
$522,543
$522.5K
Cap Rate 9%
$406,422
$406.4K
Market Conditions
NOI Build-Up for 1,440 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
$55.3K $38.40/SF
− Vacancy
−$3.0K −$2.11/SF
EGI
$52.3K $36.29/SF
− OpEx
−$15.7K −$10.89/SF
NOI
$36.6K $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%
$731,560
Cap Rate 7%
$522,543
Cap Rate 9%
$406,422
Alternative Uses
Best Use
Multifamily LT 5
$522.5K
$457.2K – $609.6K
NOI $36,578 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,125 @ 7.0% cap · market cap 4.15%
Theoretical Best
Warehouse
$997.8K
$873.1K – $1.16M
NOI $69,847 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,026
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 - Separate upper and lower residences provide flexible living arrangements with private off-street parking.
Where is this duplex located?
The property is located at 3343 Mickle Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two residential units with four bedrooms and 2.5 bathrooms total; Approximately 1,440 square feet of living space; Upper three‑bedroom duplex with one full bath and one half bath
