Brick Duplex with Finished
1653 Wallace Avenue, Bronx, NY 10462
For Sale
New
$1,199,999
Both units have three bedrooms, and an adjacent parcel provides parking and outdoor space.
Property Size1,848 SF
Days on Market2
Property Features for 1653 Wallace Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
eXp Realty
Listed By:
Bryan Y. Blanco · License NY #10401335839
(551) 209-6114
Source:
Serhant
Added: Nov 12
Last Checked: Nov 12 at 2:46PM
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 eXp Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex at 1653 Wallace Avenue in the Bronx dates to 1901. Each unit has three bedrooms, and the building includes a finished basement with walkout access.
An adjacent lot adds parking and outdoor area to the property. The additional space can accommodate a range of outdoor activities.
An adjacent lot adds parking and outdoor area to the property. The additional space can accommodate a range of outdoor activities.
Key Highlights
- Brick duplex built in 1901
- Three bedrooms in each unit
- Finished basement with walkout access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,874
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,480
$897.5K
Cap Rate 7%
$641,057
$641.1K
Cap Rate 9%
$498,600
$498.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$67.6K $36.60/SF
− Vacancy
−$3.5K −$1.91/SF
EGI
$64.1K $34.69/SF
− OpEx
−$19.2K −$10.41/SF
NOI
$44.9K $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%
$897,480
Cap Rate 7%
$641,057
Cap Rate 9%
$498,600
Alternative Uses
Best Use
Multifamily LT 5
$641.1K
$560.9K – $747.9K
NOI $44,874 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$571.4K
$499.9K – $666.6K
NOI $39,995 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$881.8K
$771.6K – $1.03M
NOI $61,724 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,116
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
$372,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Bronx, NY
Properties on Market for Duplexes in Bronx
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have three bedrooms, and an adjacent parcel provides parking and outdoor space.
Where is this duplex located?
The property is located at 1653 Wallace Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Brick duplex built in 1901; Three bedrooms in each unit; Finished basement with walkout access
