As-Is Duplex Investment
4749 Richardson Avenue Bronx, NY 10470
For Sale
$575,000
Pending
Duplex offered for sale in as-is condition, featuring 1-car attached parking.
Property Size1,813 SF
Days on Market744
Property Features for 4749 Richardson Avenue
General Information
- Standard status
- Pending
- Size
- 1,813 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1960
Listing Agency:
Real Broker NY LLC
(914) 523-9732
Listed By:
Peter Raider · License #30RA0742867
(914) 523-9732
Source:
Exitrealty
Added: Jul 10, 2024
Changed: Jul 22
Last Checked: Jul 23 at 8:15AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This duplex is offered for sale as-is and is described as needing work. The property is positioned as an investment opportunity and includes 1-car attached parking.
The home is located in the Wakefield section of the Bronx, conveniently near Metro-North’s Harlem Line and the NYC Subway 2 line, supporting commuting into and out of the city. It is also noted to be close to shops and restaurants.
The seller is offering the property in its current condition, with no repairs or improvements stated in the listing information.
The home is located in the Wakefield section of the Bronx, conveniently near Metro-North’s Harlem Line and the NYC Subway 2 line, supporting commuting into and out of the city. It is also noted to be close to shops and restaurants.
The seller is offering the property in its current condition, with no repairs or improvements stated in the listing information.
Key Highlights
- Duplex built in 1960, sold in as‑is condition (needs work).
- 1‑car attached parking included.
- Convenient to Metro‑North Harlem Line and NYC Subway 2 line for commuting.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $38.40 |
| − Vacancy | −$3.8k | −$2.11 |
| EGI | $65.8k | $36.29 |
| − OpEx | −$19.7k | −$10.89 |
| NOI | $46.1k | $25.40 |
1,813 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$657.9K
$575.7K – $767.6K
NOI $46,053 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$595.8K
$521.3K – $695.1K
NOI $41,706 @ 7.0% cap · market cap 7.25%
Theoretical Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $87,940 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offered for sale in as-is condition, featuring 1-car attached parking.
Where is this duplex located?
The property is located at 4749 Richardson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex built in 1960, sold in as‑is condition (needs work).; 1‑car attached parking included.; Convenient to Metro‑North Harlem Line and NYC Subway 2 line for commuting.
