Duplex with Basement and Development
For Sale
$899,900
1819 Waterloo Place, Bronx, NY 10460
Duplex features two units and a finished basement, with an R7-1 zoned lot offering development buildable area.
Property Size2,106 SF
Lot Size0.04 Acres
Days on Market54
Property Features for 1819 Waterloo Place
General Information
Standard status
Active
Size
2,106 SF
Lot size
0.04 Acres
Property subtype
Duplex
Zoning
R7-1
Taxes and HOA fees
Annual Taxes
$2,640
Building Details
Building Size
2,106 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Ishwar Rameshar
(914) 410-1839
Source:
Serhant
Added: Jul 27
Changed: Sep 13
Last Checked: Sep 16 at 11:15PM
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 duplex includes a top-floor unit with four bedrooms and one bathroom, plus a lower unit with three bedrooms and one bathroom. The property also has a two-room finished basement that adds additional indoor recreational space. Built in 1910, the home offers a residential setup that can support a variety of occupancy or redevelopment plans.
The 25 x 70 lot is zoned R7-1. Based on the provided zoning parameters, the lot offers a buildable area of 6,020 sq ft with a residential FAR of 3.44.
For buyers evaluating both current residential use and possible future redevelopment, the combination of the two-unit layout, finished basement space, and R7-1 development metrics provides a clear, fact-based foundation for underwriting options.
The 25 x 70 lot is zoned R7-1. Based on the provided zoning parameters, the lot offers a buildable area of 6,020 sq ft with a residential FAR of 3.44.
For buyers evaluating both current residential use and possible future redevelopment, the combination of the two-unit layout, finished basement space, and R7-1 development metrics provides a clear, fact-based foundation for underwriting options.
Key Highlights
- Duplex with four‑bedroom, one‑bath top‑floor unit and three‑bedroom, one‑bath lower unit
- Two‑room finished basement for additional recreational space
- Zoned R7‑1 with a 25 x 70 lot
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
$53,496
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
5.94%
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%
$1,069,920
$1.1M
Cap Rate 7%
$764,229
$764.2K
Cap Rate 9%
$594,400
$594.4K
Market Conditions
NOI Build-Up for 2,106 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
$80.9K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.4K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.5K $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%
$1,069,920
Cap Rate 7%
$764,229
Cap Rate 9%
$594,400
Alternative Uses
Best Use
Multifamily LT 5
$764.2K
$668.7K – $891.6K
NOI $53,496 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.4K
NOI $48,446 @ 7.0% cap · market cap 5.38%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,152 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 10460, NY
62,625
Population
24,085
Households
2.6
Avg Household Size
34
Median Age
15%
College-Educated
71%
High-School Grad
1.5 sq mi
ZIP Area
41,750
Density / Sq Mi
$36,067
Median Household Income
$31,283
Median Earnings
$1,332
Median Rent
$589,300
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 - Duplex features two units and a finished basement, with an R7-1 zoned lot offering development buildable area.
Where is this duplex located?
The property is located at 1819 Waterloo Place Bronx, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Duplex with four‑bedroom, one‑bath top‑floor unit and three‑bedroom, one‑bath lower unit; Two‑room finished basement for additional recreational space; Zoned R7‑1 with a 25 x 70 lot
