Colonial Two-Family Duplex with
For Sale
$778,000
Pending
1256 Allerton Avenue, Bronx, NY 10469
MULTI_FAMILY - Colonial - Bronx, NY
Property Size2,000 SF
Lot Size0.07 Acres
Days on Market144
Property Features for 1256 Allerton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Parking features
Garage
Interior features
Eat-in Kitchen
Elementary school
Ps 121 Throop
Middle school
Jhs 144 Michelangelo
High school
Pelham Preparatory Academy
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Directions
Google Maps
Special listing conditions
Probate Listing
Standard status
Pending
APN
04463-0052
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6593
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1955
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Landmark II · Keller Williams Realty
(347) 846-1200
Listed By:
Silvia L. Corrales CBR SFR CIREC · License #10301208186
(347) 968-6288
Added: Mar 25
Changed: Aug 2
Last Checked: Aug 15 at 7:06PM
MLS# 976663
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Semi-detached Colonial-style duplex with approximately 2,000 square feet of living space. The legal two-family home includes a full above-grade basement. The second and third floors comprise the primary unit with a spacious 3-bedroom, 1.5-bath layout, featuring an open-concept kitchen flowing into the dining area and an eat-in kitchen. Yard access is available from the second floor.
Set on an approximately 0.0658-acre lot with irregular dimensions of about 23.17' x 123.67' and building dimensions of about 19.67' x 37'. Constructed with brick and built in 1955, the home is heated with baseboard and cooled with wall/window unit(s). Parking is supported by a garage. Natural gas is available, with public water and public sewer.
Conveniently located in the Allerton section of the Bronx near public transportation, shopping, schools, and major highways. This is a probate sale with court approval already obtained.
Set on an approximately 0.0658-acre lot with irregular dimensions of about 23.17' x 123.67' and building dimensions of about 19.67' x 37'. Constructed with brick and built in 1955, the home is heated with baseboard and cooled with wall/window unit(s). Parking is supported by a garage. Natural gas is available, with public water and public sewer.
Conveniently located in the Allerton section of the Bronx near public transportation, shopping, schools, and major highways. This is a probate sale with court approval already obtained.
Key Highlights
- Approximately 2,000 SF semi‑detached legal two‑family duplex in the Allerton section
- Full above‑grade basement plus a primary 3‑bedroom, 1.5‑bath unit on the second and third floors
- Total of 4 bedrooms and 2.5 baths; open‑concept kitchen into dining area and eat‑in kitchen
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
$50,803
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
6.53%
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%
$1,016,060
$1.0M
Cap Rate 7%
$725,757
$725.8K
Cap Rate 9%
$564,478
$564.5K
Market Conditions
NOI Build-Up for 2,000 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
$76.8K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.6K $36.29/SF
− OpEx
−$21.8K −$10.89/SF
NOI
$50.8K $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%
$1,016,060
Cap Rate 7%
$725,757
Cap Rate 9%
$564,478
Alternative Uses
Best Use
Multifamily LT 5
$725.8K
$635.0K – $846.7K
NOI $50,803 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$657.2K
$575.1K – $766.8K
NOI $46,007 @ 7.0% cap · market cap 5.91%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,444
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 - Semi-detached duplex with a full above-grade basement, 4 bedrooms total, 2.5 baths, and yard access from the second floor.
Where is this duplex located?
The property is located at 1256 Allerton Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $778,000.
What are key features of this property?
This property features: Approximately 2,000 SF semi‑detached legal two‑family duplex in the Allerton section; Full above‑grade basement plus a primary 3‑bedroom, 1.5‑bath unit on the second and third floors; Total of 4 bedrooms and 2.5 baths; open‑concept kitchen into dining area and eat‑in kitchen
