Two-Family Duplex with
For Sale
$799,000
958 E 226th Street, Bronx, NY 10466
Residential property with an accessory unit, private outdoor space, and off-street driveway parking.
Property Size3,100 SF
Days on Market40
Property Features for 958 E 226th Street
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,913
Building Details
Building Size
3,100 SF
Year Built
1960
Units
3
Listing Agency:
Motivated Access Realty Corp.
(347) 933-0712
Listed By:
Jin J. Ni · License #10301221833
(347) 933-0712
Source:
Mahlerrealty
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 29 at 10:19AM
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 Motivated Access Realty Corp.
Investment Insights
Based on property information with market context.
This two-family duplex at 958 E 226th Street offers six bedrooms, two and one-half bathrooms, a walk-out accessory unit, garage, driveway parking, and a backyard. Built in 1960, the property provides a residential configuration with multiple interior and exterior components for household use.
The third-floor tenant is obligated to remain through February 2027. The property is located in Wakefield in the Bronx, New York, and includes driveway parking for two to three cars.
The third-floor tenant is obligated to remain through February 2027. The property is located in Wakefield in the Bronx, New York, and includes driveway parking for two to three cars.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2 1/2 bathrooms
- Walk‑out accessory unit included
- Garage and driveway parking for 2‑3 cars
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
$71,311
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
8.93%
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%
$1,426,220
$1.4M
Cap Rate 7%
$1,018,729
$1.0M
Cap Rate 9%
$792,344
$792.3K
Market Conditions
NOI Build-Up for 3,100 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
$137.6K $44.40/SF
− Vacancy
−$8.0K −$2.58/SF
EGI
$129.7K $41.82/SF
− OpEx
−$58.3K −$18.82/SF
NOI
$71.3K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,426,220
Cap Rate 7%
$1,018,729
Cap Rate 9%
$792,344
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$984.3K – $1.31M
NOI $78,745 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$1.02M
$891.4K – $1.19M
NOI $71,311 @ 7.0% cap · market cap 8.93%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,366 @ 7.0% cap · market cap 18.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,868
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
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 - Residential property with an accessory unit, private outdoor space, and off-street driveway parking.
Where is this duplex located?
The property is located at 958 E 226th Street Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2 1/2 bathrooms; Walk‑out accessory unit included; Garage and driveway parking for 2‑3 cars
