Vacant Duplex With Private
For Sale
$830,000
1039 Calhoun Ave The, Bronx, NY 10465
Separate upper and walk-in residences share outdoor space and driveway parking.
Property Size2,160 SF
Days on Market125
Property Features for 1039 Calhoun Ave The
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,319
Amenities
backyard
patio area
shed
private porch
driveway parking
Building Details
Building Size
2,160 SF
Year Built
1930
Buildings
1
Units
2
Listing Agency:
Keller Williams Realty Group
(646) 533-3920
Listed By:
Vincent Rinaldi · License #10401361917
(646) 533-3920
Source:
Elliman
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 2:50PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
This duplex property includes an upper-level three-bedroom residence arranged across two floors, with a dining room and two full bathrooms. A private porch extends from the kitchen toward the rear yard, which includes a patio and shed. The walk-in apartment provides one bedroom and direct access to the backyard. Driveway parking is included, and the property will be delivered vacant.
Located at 1039 Calhoun Ave in The Bronx, the property was built in 1930. WalkScore is 89, BikeScore is 88, and TransitScore is 92, placing the address within a highly walkable, bike-friendly, and transit-accessible setting.
Located at 1039 Calhoun Ave in The Bronx, the property was built in 1930. WalkScore is 89, BikeScore is 88, and TransitScore is 92, placing the address within a highly walkable, bike-friendly, and transit-accessible setting.
Key Highlights
- Upper residence is a three‑bedroom duplex with a dining room and two full bathrooms
- Separate walk‑in apartment includes one bedroom and backyard access
- Private porch connects the kitchen to the backyard
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
$54,867
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
6.61%
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%
$1,097,340
$1.1M
Cap Rate 7%
$783,814
$783.8K
Cap Rate 9%
$609,633
$609.6K
Market Conditions
NOI Build-Up for 2,160 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
$82.9K $38.40/SF
− Vacancy
−$4.6K −$2.11/SF
EGI
$78.4K $36.29/SF
− OpEx
−$23.5K −$10.89/SF
NOI
$54.9K $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%
$1,097,340
Cap Rate 7%
$783,814
Cap Rate 9%
$609,633
Alternative Uses
Best Use
Multifamily LT 5
$783.8K
$685.8K – $914.5K
NOI $54,867 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$709.8K
$621.1K – $828.1K
NOI $49,688 @ 7.0% cap · market cap 5.99%
Theoretical Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,771 @ 7.0% cap · market cap 12.62%
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
1,648
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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 - Separate upper and walk-in residences share outdoor space and driveway parking.
Where is this duplex located?
The property is located at 1039 Calhoun Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Upper residence is a three‑bedroom duplex with a dining room and two full bathrooms; Separate walk‑in apartment includes one bedroom and backyard access; Private porch connects the kitchen to the backyard
