Detached Duplex with
For Sale
$959,000
3633 Greystone Avenue, Bronx, NY 10463
Brick two-family residence with a finished lower level, separate entrance, and flexible additional space.
Property Size2,212 SF
Price / SF$433.54
Days on Market10
Property Features for 3633 Greystone Avenue
General Information
Standard status
Active
Size
2,212 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,305
Building Details
Building Size
2,212 SF
Year Built
1920
Listing Agency:
Double C Realty
(914) 629-7649
Listed By:
Kieran Dwyer
Source:
Shawmetro
Added: Aug 19
Changed: Aug 27
Last Checked: Aug 26 at 1:34PM
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 Double C Realty
Investment Insights
Based on property information with market context.
Located at 3633 Greystone Avenue in the Bronx, this detached brick duplex was built in 1920 and provides 2212 square feet of residential space. The first apartment has three bedrooms, while the second includes two bedrooms, an office or den, and a front terrace. Original trim, hardwood floors, high ceilings, and generously sized rooms contribute to the home’s character.
A finished lower level adds a recreation room, full bathroom, utility area, storage, and a separate entrance. The property also includes a shared driveway and a detached two-car garage. Buses, trains, shopping centers, Manhattan University, parks, and major transportation are located minutes away, with access to Manhattan.
A finished lower level adds a recreation room, full bathroom, utility area, storage, and a separate entrance. The property also includes a shared driveway and a detached two-car garage. Buses, trains, shopping centers, Manhattan University, parks, and major transportation are located minutes away, with access to Manhattan.
Key Highlights
- Detached brick duplex at 3633 Greystone Avenue, Bronx, NY 10463
- 2212 square feet of residential space; built in 1920
- First apartment with 3 bedrooms; second apartment with 2 bedrooms plus office/den
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
$56,188
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
5.86%
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%
$1,123,760
$1.1M
Cap Rate 7%
$802,686
$802.7K
Cap Rate 9%
$624,311
$624.3K
Market Conditions
NOI Build-Up for 2,212 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
$84.9K $38.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$80.3K $36.29/SF
− OpEx
−$24.1K −$10.89/SF
NOI
$56.2K $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%
$1,123,760
Cap Rate 7%
$802,686
Cap Rate 9%
$624,311
Alternative Uses
Best Use
Multifamily LT 5
$802.7K
$702.4K – $936.5K
NOI $56,188 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$726.9K
$636.1K – $848.1K
NOI $50,884 @ 7.0% cap · market cap 5.31%
Theoretical Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,293 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
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 - Brick two-family residence with a finished lower level, separate entrance, and flexible additional space.
Where is this duplex located?
The property is located at 3633 Greystone Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Detached brick duplex at 3633 Greystone Avenue, Bronx, NY 10463; 2212 square feet of residential space; built in 1920; First apartment with 3 bedrooms; second apartment with 2 bedrooms plus office/den
