Renovated Three-Story
For Sale
$869,000
1210 Vyse Avenue, Bronx, NY 10459
Vacant townhouse duplex with updated interiors, private parking, outdoor space, and separate two- and three-bedroom residences.
Property Size2,100 SF
Price / SF$413.81
Days on Market306
Property Features for 1210 Vyse Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
2
Property subtype
Manufactured On Land
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,317
Amenities
washer and dryer hook up
outdoor garden
No, No, Driveway
Square Feet
No
A-Frame, Chefs Kitchen, Eat in Kitchen, Formal Dining, High Ceilings, High Speed Internet, Kitchen Island, Marble Counters, Open Floorplan, Open Kitchen, Pantry, Public, Washer/Dryer Hookup
Dishwasher, Dryer, Electric Water Heater, ENERGY STAR Qualified Appliances, Freezer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer
2,100.00
8
Chefs Kitchen, Eat-in Kitchen, Formal Dining, High Ceilings, High Speed Internet, Kitchen Island, Marble Counters, Open Floorplan, Open Kitchen, Pantry, Washer/Dryer Hookup
Stainless Steel Appliances, Chef's Kitchen, Eat in Kitchen, Formal Dining Room, High Ceilings, High Speed Internet, Island Kitchen, Marble Countertops, Open Kitchen, Pantry, WD Hookup
Aluminum Siding
Driveway
Building Details
Year Built
1991
Buildings
1
Stories
3
Listing Agency:
SPiRALNY
(212) 381-0596
Listed By:
Marcel Bellucci
(212) 381-0596
Source:
Compass
Added: Oct 31, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:43PM
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 SPiRALNY
Investment Insights
Based on property information with market context.
This three-story townhouse contains two residential units within approximately 2,100 square feet. The upper apartment offers two bedrooms and one bathroom, while the lower duplex includes three bedrooms and one and a half bathrooms. Both residences have open kitchen arrangements, dining areas, hardwood flooring, updated bathrooms, generous closet storage, and washer and dryer hookups. Kitchens include stainless steel appliances, marble counters, islands, and pantry storage. The renovation also includes new electrical and plumbing systems, and the property will be delivered vacant.
A private driveway provides parking for two cars, while the property also includes access to an outdoor garden. The home is located near the 2 and 5 subway lines, a supermarket, shopping, and playgrounds. Large windows bring natural light into the units, complementing the refreshed interiors and modern fixtures.
A private driveway provides parking for two cars, while the property also includes access to an outdoor garden. The home is located near the 2 and 5 subway lines, a supermarket, shopping, and playgrounds. Large windows bring natural light into the units, complementing the refreshed interiors and modern fixtures.
Key Highlights
- Two‑unit, three‑story townhouse totaling 2,100 square feet
- Renovated with new electrical and plumbing systems
- Unit mix includes a 2‑bedroom, 1‑bath apartment and a 3‑bedroom, 1.5‑bath duplex
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
$53,343
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
6.14%
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%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 2,100 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
$80.6K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.2K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.3K $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%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$690.1K
$603.9K – $805.1K
NOI $48,308 @ 7.0% cap · market cap 5.56%
Theoretical Best
Warehouse
$1.46M
$1.27M – $1.70M
NOI $101,861 @ 7.0% cap · market cap 11.72%
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
3,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 10459, NY
50,984
Population
18,678
Households
2.7
Avg Household Size
34
Median Age
14%
College-Educated
68%
High-School Grad
0.8 sq mi
ZIP Area
63,730
Density / Sq Mi
$39,276
Median Household Income
$30,200
Median Earnings
$1,285
Median Rent
$589,500
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 - Vacant townhouse duplex with updated interiors, private parking, outdoor space, and separate two- and three-bedroom residences.
Where is this duplex located?
The property is located at 1210 Vyse Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two‑unit, three‑story townhouse totaling 2,100 square feet; Renovated with new electrical and plumbing systems; Unit mix includes a 2‑bedroom, 1‑bath apartment and a 3‑bedroom, 1.5‑bath duplex
