Two-Family Duplex
For Sale
$569,000
Pending
4162 De Reimer Avenue, Bronx, NY 10466
Residential income property dating to 1920 and positioned in the Bronx borough of New York City.
Property Size1,476 SF
Days on Market871
Property Features for 4162 De Reimer Avenue
General Information
Standard status
Pending
Size
1,476 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
NEEDS OF TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,042
Building Details
Year Built
1920
Listing Agency:
YourHomeSold Guaranteed Realty
(718) 324-6060
Listed By:
Bakary Camara · License #40CA1173900
(917) 568-5763
Source:
Exitrealty
Added: Apr 17, 2024
Changed: Sep 2
Last Checked: Sep 2 at 4:55PM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
This two-family duplex property at 4162 De Reimer Avenue was built in 1920 and is located in the Bronx, NY 10466. The residence requires TLC, offering a renovation-focused opportunity for an owner or investor seeking a two-family configuration.
The property is being offered for sale. Showings are not currently available, and no additional showings are scheduled at this time.
The property is being offered for sale. Showings are not currently available, and no additional showings are scheduled at this time.
Key Highlights
- Two‑family duplex configuration
- Built in 1920
- Located at 4162 De Reimer Avenue, Bronx, NY 10466
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
$37,493
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
6.59%
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%
$749,860
$749.9K
Cap Rate 7%
$535,614
$535.6K
Cap Rate 9%
$416,589
$416.6K
Market Conditions
NOI Build-Up for 1,476 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
$56.7K $38.40/SF
− Vacancy
−$3.1K −$2.11/SF
EGI
$53.6K $36.29/SF
− OpEx
−$16.1K −$10.89/SF
NOI
$37.5K $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%
$749,860
Cap Rate 7%
$535,614
Cap Rate 9%
$416,589
Alternative Uses
Best Use
Multifamily LT 5
$535.6K
$468.7K – $624.9K
NOI $37,493 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$485.0K
$424.4K – $565.9K
NOI $33,953 @ 7.0% cap · market cap 5.97%
Theoretical Best
Warehouse
$1.02M
$894.9K – $1.19M
NOI $71,593 @ 7.0% cap · market cap 12.58%
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
1,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property dating to 1920 and positioned in the Bronx borough of New York City.
Where is this duplex located?
The property is located at 4162 De Reimer Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two‑family duplex configuration; Built in 1920; Located at 4162 De Reimer Avenue, Bronx, NY 10466
