Brick Two-Family Duplex
For Sale
$888,000
4213 E Tremont Avenue, Nyc, NY 10465
MULTI_FAMILY - Other - NYC, NY
Property Size1,998 SF
Lot Size0.04 Acres
Price / SF$444.44
Days on Market40
Property Features for 4213 E Tremont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room
Patio and Porch features
Patio, Porch
Interior features
Entrance Foyer, Master Downstairs
Fencing
Fenced
Subdivision
East Bronx
View
Water, River
High school district
12
Directions
East Tremont Avenue between Harding Avenue and Lawton Avenues
Standard status
Active
APN
488320326011601
Size
1,998 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7160
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Water front features
River Front
Water front
1
Building Details
Floors in Building
2
Flooring type
Laminate, Hardwood, Granite, Marble, Tile
Building materials
Masonite, Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
CAROZZA NICHOLAS M
(718) 931-0140
Listed By:
Nicholas Carozza
(718) 931-0140
Added: Jul 3
Changed: Aug 7
Last Checked: Aug 11 at 4:06PM
MLS# 11869149
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained brick two-family home offers a duplex configuration with multiple levels and a mix of interior finishes. The duplex apartment includes a remodeled kitchen with glass sliding doors to a rear deck with stairs leading to a yard, along with a dining room, an extra-large living room, and a half bathroom off the kitchen. Upstairs, there are three bedrooms and a full bathroom off the primary bedroom. A second, first-floor walk-in level apartment includes a remodeled kitchen, living room, one bedroom, and one full bathroom. Interior features include an entrance foyer and a master-downstairs layout, with flooring that includes granite, marble, tile, laminate, and hardwood.
Utilities are structured so that each tenant pays for their own gas, electric, and heat. The home is served by public water and includes baseboard heating with natural gas. Additional property features include a patio and porch, fenced grounds, and a river front water feature. The roof is described as rubber.
Set on a 0.0406-acre lot, the property is listed with a property size of 1,998 square feet.
Utilities are structured so that each tenant pays for their own gas, electric, and heat. The home is served by public water and includes baseboard heating with natural gas. Additional property features include a patio and porch, fenced grounds, and a river front water feature. The roof is described as rubber.
Set on a 0.0406-acre lot, the property is listed with a property size of 1,998 square feet.
Key Highlights
- 0.0406‑acre lot with 1,998 SF total building size
- Brick two‑family duplex with two separate apartment units
- Remodeled kitchen with glass sliding doors to rear deck with stairs to yard
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
$67,620
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
7.61%
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%
$1,352,400
$1.4M
Cap Rate 7%
$966,000
$966.0K
Cap Rate 9%
$751,333
$751.3K
Market Conditions
NOI Build-Up for 1,998 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
$101.9K $51.00/SF
− Vacancy
−$5.3K −$2.65/SF
EGI
$96.6K $48.35/SF
− OpEx
−$29.0K −$14.50/SF
NOI
$67.6K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /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%
$1,352,400
Cap Rate 7%
$966,000
Cap Rate 9%
$751,333
Alternative Uses
Best Use
Multifamily LT 5
$966.0K
$845.3K – $1.13M
NOI $67,620 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$893.0K
$781.4K – $1.04M
NOI $62,512 @ 7.0% cap · market cap 7.04%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $348,132 @ 7.0% cap · market cap 39.20%
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
760
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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 - Well-maintained two-family brick duplex with a remodeled kitchen opening to a rear deck and fenced yard.
Where is this duplex located?
The property is located at 4213 E Tremont Avenue Nyc, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: 0.0406‑acre lot with 1,998 SF total building size; Brick two‑family duplex with two separate apartment units; Remodeled kitchen with glass sliding doors to rear deck with stairs to yard
