Two-Unit Duplex with
New
For Sale
$565,000
1056 Colgate Avenue, Bronx, NY 10472
Semi-detached residential property with two apartments, a garage, and a driveway.
Property Size1,825 SF
Days on Market6
Property Features for 1056 Colgate Avenue
General Information
Standard status
Active
Size
1,825 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,587
Building Details
Building Size
1,825 SF
Year Built
1955
Listing Agency:
Charles Rutenberg Realty, Inc.
Listed By:
Jean O. Christopher
(516) 575-7500
Source:
Serhant
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 17 at 3:05AM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
This semi-detached duplex includes two apartments, a garage, and a driveway. The property was built in 1955 and is identified as a two-family residential asset.
The sale is for an REO property in its existing condition, with the seller making no representations regarding the property or its improvements. The seller has not occupied the property. During the first 15 days of the listing period, availability is limited to owner-occupant buyers, HUD-approved nonprofits, and governmental entities; afterward, other investors may purchase the property.
The sale is for an REO property in its existing condition, with the seller making no representations regarding the property or its improvements. The seller has not occupied the property. During the first 15 days of the listing period, availability is limited to owner-occupant buyers, HUD-approved nonprofits, and governmental entities; afterward, other investors may purchase the property.
Key Highlights
- Two‑apartment configuration within a semi‑detached duplex
- Garage and driveway included
- Built in 1955
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
$46,358
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
8.20%
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%
$927,160
$927.2K
Cap Rate 7%
$662,257
$662.3K
Cap Rate 9%
$515,089
$515.1K
Market Conditions
NOI Build-Up for 1,825 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
$70.1K $38.40/SF
− Vacancy
−$3.9K −$2.11/SF
EGI
$66.2K $36.29/SF
− OpEx
−$19.9K −$10.89/SF
NOI
$46.4K $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%
$927,160
Cap Rate 7%
$662,257
Cap Rate 9%
$515,089
Alternative Uses
Best Use
Multifamily LT 5
$662.3K
$579.5K – $772.6K
NOI $46,358 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$599.7K
$524.8K – $699.7K
NOI $41,982 @ 7.0% cap · market cap 7.43%
Theoretical Best
Warehouse
$1.26M
$1.11M – $1.48M
NOI $88,522 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,318
Businesses Nearby
Explore this area
Business Placement
Demographics for 10472, NY
72,245
Population
24,259
Households
3
Avg Household Size
34
Median Age
14%
College-Educated
69%
High-School Grad
1.1 sq mi
ZIP Area
65,677
Density / Sq Mi
$43,125
Median Household Income
$35,180
Median Earnings
$1,445
Median Rent
$632,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Semi-detached residential property with two apartments, a garage, and a driveway.
Where is this duplex located?
The property is located at 1056 Colgate Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑apartment configuration within a semi‑detached duplex; Garage and driveway included; Built in 1955
