Bronx Two-Family with River
For Sale
$1,375,000
907 Summit Avenue, Bronx, NY 10452
Two-family property with Hudson River views and development potential.
Property Size2,892 SF
Price / SF$475.45
Days on Market427
Property Features for 907 Summit Avenue
General Information
Standard status
Active
Size
2,892 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,187
Amenities
No, No, Driveway
Square Feet
Full, Yes
1st Floor Bedrm, First Floor Full Bath, Other, Panoramic, Primary Bathroom, Public, River
First Floor Bedroom, First Floor Full Bath, Other, Primary Bathroom
1st Fl Master Bedroom, Open View, River, River Views
No
Brick
Driveway
Building Details
Year Built
1905
Listing Agency:
Link NY Realty
(646) 827-2256
Listed By:
Valon Nikci · License #10491202180
(646) 827-2256
Source:
Compass
Added: Jul 1, 2025
Changed: Aug 27
Last Checked: Aug 29 at 3:54PM
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 Link NY Realty
Investment Insights
Based on property information with market context.
Located in a desirable waterfront corridor of the Bronx, 907 Summit Avenue is a detached two-family property that offers Hudson River views. The property has dual street access from Summit Avenue and Sedgwick Avenue, and development potential under R7 zoning. The property features a duplex with 4 bedrooms and 2 baths, and a second unit with 3 bedrooms and 1 bath. The property is suitable for owner-occupants looking to live in one unit and generate income from the other, or for investors seeking to maximize cash flow in a high-demand location. The property is also suitable for developers, as it is a prime site with zoning flexibility and a riverfront setting. The property includes a shared driveway with multiple parking spaces in the rear. The building offers panoramic Hudson River views and blends lifestyle, income, and future development potential. The property size is 2892 square feet.
Key Highlights
- Breathtaking Hudson River views from the entire building.
- Fully detached two‑family property with dual street access.
- Outstanding development potential due to R7 zoning and riverfront location.
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
$70,413
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
5.12%
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%
$1,408,260
$1.4M
Cap Rate 7%
$1,005,900
$1.0M
Cap Rate 9%
$782,367
$782.4K
Market Conditions
NOI Build-Up for 2,892 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
$107.6K $37.20/SF
− Vacancy
−$7.0K −$2.42/SF
EGI
$100.6K $34.78/SF
− OpEx
−$30.2K −$10.43/SF
NOI
$70.4K $24.35/SF
Area
ZIP 10452
Vacancy
6.50%
Lease Rate
$37.20 /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%
$1,408,260
Cap Rate 7%
$1,005,900
Cap Rate 9%
$782,367
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.2K – $1.17M
NOI $70,413 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$927.6K
$811.7K – $1.08M
NOI $64,935 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,446 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 10452, NY
77,564
Population
28,854
Households
2.7
Avg Household Size
35
Median Age
14%
College-Educated
71%
High-School Grad
1.0 sq mi
ZIP Area
77,564
Density / Sq Mi
$37,854
Median Household Income
$32,732
Median Earnings
$1,367
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with Hudson River views and development potential.
Where is this duplex located?
The property is located at 907 Summit Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Breathtaking Hudson River views from the entire building.; Fully detached two‑family property with dual street access.; Outstanding development potential due to R7 zoning and riverfront location.
