Occupied Two-Family
For Sale
$910,000
942 Tilden Street, Bronx, NY 10469
Built in 1910 with two occupied residential units and recent roof repairs.
Property Size1,890 SF
Price / SF$481.48
Days on Market20
Property Features for 942 Tilden Street
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Manufactured On Land
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$5,593
Building Details
Building Size
1,890 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Rubirosa International Realty
(914) 350-2883
Listed By:
Rushane D. Porter
Source:
Shawmetro
Added: Jul 24
Changed: Aug 3
Last Checked: Aug 11 at 12:23PM
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 Rubirosa International Realty
Investment Insights
Based on property information with market context.
This two-family duplex contains 1,890 SF and was built in 1910. The property includes two residential units, both currently occupied by tenants, along with recent roof repairs. The existing occupancy provides an established operating profile for an investor or an owner-occupant seeking a property with rental use already in place.
The building is located at 942 Tilden Street in the Bronx, NY 10469. Its duplex configuration and two-unit layout define the property’s residential income profile, while the roof work represents a recent improvement to the building.
The building is located at 942 Tilden Street in the Bronx, NY 10469. Its duplex configuration and two-unit layout define the property’s residential income profile, while the roof work represents a recent improvement to the building.
Key Highlights
- Two‑family duplex with 1,890 SF
- Both residential units are currently occupied
- Recent roof repairs completed
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
$48,009
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
5.28%
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%
$960,180
$960.2K
Cap Rate 7%
$685,843
$685.8K
Cap Rate 9%
$533,433
$533.4K
Market Conditions
NOI Build-Up for 1,890 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
$72.6K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.6K $36.29/SF
− OpEx
−$20.6K −$10.89/SF
NOI
$48.0K $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%
$960,180
Cap Rate 7%
$685,843
Cap Rate 9%
$533,433
Alternative Uses
Best Use
Multifamily LT 5
$685.8K
$600.1K – $800.2K
NOI $48,009 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$621.1K
$543.5K – $724.6K
NOI $43,477 @ 7.0% cap · market cap 4.78%
Theoretical Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,675 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,525
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 - Built in 1910 with two occupied residential units and recent roof repairs.
Where is this duplex located?
The property is located at 942 Tilden Street Bronx, NY.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Two‑family duplex with 1,890 SF; Both residential units are currently occupied; Recent roof repairs completed
