Renovated Two-Family
For Sale
$1,999,900
6140 Delafield Avenue, Bronx, NY 10471
Finished basement space and private outdoor areas expand the property’s flexible residential layout.
Property Size3,850 SF
Price / SF$519.45
Days on Market525
Property Features for 6140 Delafield Avenue
General Information
Standard status
Active
Size
3,850 SF
Total Parking Spaces
3
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,154
Amenities
covered terrace
open deck
laundry area
Building Details
Building Size
3,850 SF
Year Built
1940
Buildings
1
Listing Agency:
RE/MAX In The City
(917) 637-0161
Listed By:
Chintan Trivedi · License #996433
Source:
Shawmetro
Added: Mar 6, 2025
Changed: Aug 10
Last Checked: Aug 12 at 2:47PM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
This fully renovated two-family duplex was built in 1940 and provides 3,850 square feet of residential space. The property includes six bedrooms and five full bathrooms arranged across two primary living levels, with open living and dining areas, hardwood floors, recessed lighting, and updated kitchens featuring stainless steel appliances, subway tile backsplashes, and custom cabinetry. A finished above-ground basement adds an entertainment or family room, private office, full bathroom, storage rooms, laundry, and utility space.
Outdoor amenities include a covered terrace, open deck, front yard, green space, one-car garage, and a driveway accommodating up to two vehicles. The property is near shopping, dining, entertainment, Van Cortlandt Park, major highways, and public transportation.
Outdoor amenities include a covered terrace, open deck, front yard, green space, one-car garage, and a driveway accommodating up to two vehicles. The property is near shopping, dining, entertainment, Van Cortlandt Park, major highways, and public transportation.
Key Highlights
- Fully renovated two‑family duplex with six bedrooms and five full bathrooms
- 3,850 square feet of residential space
- Finished above‑ground basement with family room, office, full bathroom, storage, laundry, and utility areas
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
$97,796
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
4.89%
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%
$1,955,920
$2.0M
Cap Rate 7%
$1,397,086
$1.4M
Cap Rate 9%
$1,086,622
$1.1M
Market Conditions
NOI Build-Up for 3,850 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
$147.8K $38.40/SF
− Vacancy
−$8.1K −$2.11/SF
EGI
$139.7K $36.29/SF
− OpEx
−$41.9K −$10.89/SF
NOI
$97.8K $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%
$1,955,920
Cap Rate 7%
$1,397,086
Cap Rate 9%
$1,086,622
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.22M – $1.63M
NOI $97,796 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,564 @ 7.0% cap · market cap 4.43%
Theoretical Best
Warehouse
$2.67M
$2.33M – $3.11M
NOI $186,745 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
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 - Finished basement space and private outdoor areas expand the property’s flexible residential layout.
Where is this duplex located?
The property is located at 6140 Delafield Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Fully renovated two‑family duplex with six bedrooms and five full bathrooms; 3,850 square feet of residential space; Finished above‑ground basement with family room, office, full bathroom, storage, laundry, and utility areas
