Duplex With Private
For Sale
$820,000
3605 Boller Ave, Bronx, NY 10466
Two-family residence with separate entrances, a backyard, garage, and flexible living arrangements.
Property Size2,092 SF
Price / SF$391.97
Days on Market35
Property Features for 3605 Boller Ave
General Information
Standard status
Active
Size
2,092 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
in-unit washer/dryer
private backyard
Building Details
Year Built
1995
Buildings
1
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Earl A. Pennant
(914) 806-8934
Source:
Searchhomesinlongisland
Added: Aug 19
Changed: Sep 6
Last Checked: Sep 21 at 7:13AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This 1995 two-family duplex at 3605 Boller Ave combines a larger owner’s unit with a separately accessed apartment. The main residence includes a living room, dining area, powder room, three bedrooms, a primary suite with half bath, a full hall bathroom, and an in-unit washer and dryer. Sliding doors open from the dining area to a private backyard. The second unit has an open-concept design, two bedrooms, and one full bathroom.
The property also includes a one-car garage and private driveway. Transportation access includes the #5 subway line, express bus service to Manhattan, and I-95. Shopping, dining, entertainment, parks, and schools are available near the property, including the mall at Bay Plaza. The roof is one year old, and the home will be delivered completely vacant upon closing.
The property also includes a one-car garage and private driveway. Transportation access includes the #5 subway line, express bus service to Manhattan, and I-95. Shopping, dining, entertainment, parks, and schools are available near the property, including the mall at Bay Plaza. The roof is one year old, and the home will be delivered completely vacant upon closing.
Key Highlights
- Two‑family duplex with separate entrances
- Main unit includes 3 bedrooms, primary suite with half bath, and in‑unit washer and dryer
- Second unit offers 2 bedrooms and 1 full bathroom
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
$53,140
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
6.48%
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%
$1,062,800
$1.1M
Cap Rate 7%
$759,143
$759.1K
Cap Rate 9%
$590,444
$590.4K
Market Conditions
NOI Build-Up for 2,092 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
$80.3K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$75.9K $36.29/SF
− OpEx
−$22.8K −$10.89/SF
NOI
$53.1K $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%
$1,062,800
Cap Rate 7%
$759,143
Cap Rate 9%
$590,444
Alternative Uses
Best Use
Multifamily LT 5
$759.1K
$664.3K – $885.7K
NOI $53,140 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$687.5K
$601.6K – $802.1K
NOI $48,124 @ 7.0% cap · market cap 5.87%
Theoretical Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,473 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate entrances, a backyard, garage, and flexible living arrangements.
Where is this duplex located?
The property is located at 3605 Boller Ave Bronx, NY.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Two‑family duplex with separate entrances; Main unit includes 3 bedrooms, primary suite with half bath, and in‑unit washer and dryer; Second unit offers 2 bedrooms and 1 full bathroom
