Brick Duplex Income
For Sale
$1,325,000
1482 Stadium Ave The, Bronx, NY 10465
Duplex with three residential levels plus a walkout basement, including multiple washer/dryer hookups and a private backyard.
Property Size2,900 SF
Days on Market34
Property Features for 1482 Stadium Ave The
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
2
Property subtype
Other
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,266
Amenities
private terrace
washer/dryer hookup
backyard
Building Details
Building Size
2,900 SF
Year Built
1965
Units
2
Construction
brick
Tenancy
Multi
Listing Agency:
Charles Rutenberg Realty, Inc.
(917) 595-6546
Listed By:
Laura Guarascio
(917) 595-6546
Source:
Elliman
Added: Jul 20
Changed: Aug 13
Last Checked: Aug 21 at 8:20AM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
Brick duplex residence measuring 22x50 with flexible, multi-level living space and multiple in-unit washer/dryer hookups. The property includes a two-car garage and a double private driveway, along with a sizeable backyard accessible to all units. Natural wood and tile floors run throughout, and rooms across the floors offer generous sizes with ample natural light.
The building features two spacious 3-bedroom, 1-bath apartments with dedicated dining areas on floors 2 and 3, with the third floor shown in the photos. The second floor includes a private terrace. The ground floor offers recreational space configured with 1 bedroom and an eat-in summer kitchen, renovated within the last 3 years. A walkout basement provides additional space with two large rooms, high ceilings, additional washer/dryer hookup, and direct access to the yard.
Sold strictly as-is. Located in the Country Club area of the Bronx, the neighborhood is described as quiet and residential, with easy access to highways and public transportation for travel throughout New York City and Westchester, and nearby destinations including Pelham Bay Park, Orchard Beach, City Island, restaurants, shopping, and medical facilities.
The building features two spacious 3-bedroom, 1-bath apartments with dedicated dining areas on floors 2 and 3, with the third floor shown in the photos. The second floor includes a private terrace. The ground floor offers recreational space configured with 1 bedroom and an eat-in summer kitchen, renovated within the last 3 years. A walkout basement provides additional space with two large rooms, high ceilings, additional washer/dryer hookup, and direct access to the yard.
Sold strictly as-is. Located in the Country Club area of the Bronx, the neighborhood is described as quiet and residential, with easy access to highways and public transportation for travel throughout New York City and Westchester, and nearby destinations including Pelham Bay Park, Orchard Beach, City Island, restaurants, shopping, and medical facilities.
Key Highlights
- Built in 1965 brick property with 3 residential levels plus a walkout basement
- Building measures 22x50 and includes a two‑car garage and a double private driveway
- Flexible layout with multiple units: two 3BR/1BA apartments with dedicated dining areas (floors 2 and 3)
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
$73,665
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
5.56%
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%
$1,473,300
$1.5M
Cap Rate 7%
$1,052,357
$1.1M
Cap Rate 9%
$818,500
$818.5K
Market Conditions
NOI Build-Up for 2,900 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
$105.2K $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%
$1,473,300
Cap Rate 7%
$1,052,357
Cap Rate 9%
$818,500
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.8K – $1.23M
NOI $73,665 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$953.0K
$833.9K – $1.11M
NOI $66,711 @ 7.0% cap · market cap 5.03%
Theoretical Best
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,665 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,012
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 - Duplex with three residential levels plus a walkout basement, including multiple washer/dryer hookups and a private backyard.
Where is this duplex located?
The property is located at 1482 Stadium Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Built in 1965 brick property with 3 residential levels plus a walkout basement; Building measures 22x50 and includes a two‑car garage and a double private driveway; Flexible layout with multiple units: two 3BR/1BA apartments with dedicated dining areas (floors 2 and 3)
