Renovated Brick
For Sale
$1,100,000
Pending
2058 Washington Ave The, Bronx, NY 10457
Three-unit residence with private outdoor space, updated interiors, and a mixed unit layout.
Property Size2,901 SF
Days on Market10
Property Features for 2058 Washington Ave The
General Information
Standard status
Pending
Size
2,901 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Gross Income
$120,000
Taxes and HOA fees
Annual Taxes
$4,772
Amenities
private backyard
Building Details
Building Size
2,901 SF
Year Built
2000
Buildings
1
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
eXp Realty
(646) 730-2544
Listed By:
Yradia Y. Moronta
(646) 730-2544
Source:
Elliman
Added: Aug 2
Changed: Aug 10
Last Checked: Aug 11 at 10:36AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Built in 2000, this brick triplex contains three renovated residences with distinct layouts. The first unit spans two levels and includes an upper-level primary bedroom with an en-suite bath, plus a main-level kitchen, open living and dining areas, a second full bathroom, and backyard access. The remaining apartments include a one-bedroom, one-bath unit and a two-bedroom, one-bath unit. Improvements include new appliances, hardwood and marble flooring, energy-efficient windows, and updated kitchens and bathrooms. The roof and windows were replaced in 2024, with a 20-year warranty on the windows.
The property includes a private backyard and is located at 2058 Washington Ave in The Bronx. Public transportation, schools, parks, shopping, and other neighborhood amenities are accessible from the property. Walk Score is 80, Transit Score is 100, and Bike Score is 74. The building is fully rented.
The property includes a private backyard and is located at 2058 Washington Ave in The Bronx. Public transportation, schools, parks, shopping, and other neighborhood amenities are accessible from the property. Walk Score is 80, Transit Score is 100, and Bike Score is 74. The building is fully rented.
Key Highlights
- Three‑unit brick property built in 2000
- Unit mix includes a duplex, one‑bedroom apartment, and two‑bedroom apartment
- Private backyard with direct access from the 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
$73,690
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
6.70%
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%
$1,473,800
$1.5M
Cap Rate 7%
$1,052,714
$1.1M
Cap Rate 9%
$818,778
$818.8K
Market Conditions
NOI Build-Up for 2,901 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
$111.4K $38.40/SF
− Vacancy
−$6.1K −$2.11/SF
EGI
$105.3K $36.29/SF
− OpEx
−$31.6K −$10.89/SF
NOI
$73.7K $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%
$1,473,800
Cap Rate 7%
$1,052,714
Cap Rate 9%
$818,778
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$921.1K – $1.23M
NOI $73,690 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$953.3K
$834.2K – $1.11M
NOI $66,734 @ 7.0% cap · market cap 6.07%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.35M
NOI $140,713 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
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?
Triplex - Three-unit residence with private outdoor space, updated interiors, and a mixed unit layout.
Where is this triplex located?
The property is located at 2058 Washington Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit brick property built in 2000; Unit mix includes a duplex, one‑bedroom apartment, and two‑bedroom apartment; Private backyard with direct access from the duplex
