Duplex with Private
For Sale
$829,000
1609 Colden Avenue, Bronx, NY 10462
Updated first- and second-floor living areas are paired with natural-gas heating.
Property Size1,769 SF
Days on Market12
Property Features for 1609 Colden Avenue
General Information
Standard status
Active
Size
1,769 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,378
Building Details
Building Size
1,769 SF
Year Built
1920
Listing Agency:
Azad Realty USA, Inc.
Listed By:
MD Sharif Mia
(929) 356-1391
Source:
Serhant
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 5 at 10:27PM
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 Azad Realty USA, Inc.
Investment Insights
Based on property information with market context.
This two-family property in the Morris Park section of the Bronx dates to 1920. The first and second floors have been renovated, and the heating system was converted from oil to natural gas. A private driveway provides off-street parking.
Nearby destinations include Albert Einstein College of Medicine, Montefiore Einstein, and Jacobi Medical Center. Restaurants, supermarkets, schools, subway stations, bus routes, and major highways are also in the surrounding area.
Nearby destinations include Albert Einstein College of Medicine, Montefiore Einstein, and Jacobi Medical Center. Restaurants, supermarkets, schools, subway stations, bus routes, and major highways are also in the surrounding area.
Key Highlights
- Two‑family property built in 1920
- Renovated first and second floors
- Heating converted from oil to natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,956
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,120
$859.1K
Cap Rate 7%
$613,657
$613.7K
Cap Rate 9%
$477,289
$477.3K
Market Conditions
NOI Build-Up for 1,769 SF
Gross rent
$64.7K $36.60/SF
− Vacancy
−$3.4K −$1.91/SF
EGI
$61.4K $34.69/SF
− OpEx
−$18.4K −$10.41/SF
NOI
$43.0K $24.28/SF
Area
ZIP 10462
Vacancy
5.22%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,120
Cap Rate 7%
$613,657
Cap Rate 9%
$477,289
Alternative Uses
Best Use
Multifamily LT 5
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$546.9K
$478.6K – $638.1K
NOI $38,285 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$844.1K
$738.6K – $984.8K
NOI $59,085 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 10462, NY
84,655
Population
31,828
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
1.5 sq mi
ZIP Area
56,437
Density / Sq Mi
$63,460
Median Household Income
$42,383
Median Earnings
$1,711
Median Rent
$372,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated first- and second-floor living areas are paired with natural-gas heating.
Where is this duplex located?
The property is located at 1609 Colden Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Two‑family property built in 1920; Renovated first and second floors; Heating converted from oil to natural gas
