Duplex with Basement and Development
New
For Sale
$1,100,000
1819 Waterloo Place, Bronx, NY 10460
Duplex features two units and a finished basement, with an R7-1 zoned lot offering development buildable area.
Lot Size0.04 Acres
Days on Market7
Property Features for 1819 Waterloo Place
General Information
Standard status
Active
Lot size
0.04 Acres
Property subtype
Duplex
Zoning
R7-1
Building Details
Building Size
2,106 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
YourHomeSold Guaranteed Realty
(914) 410-1839
Listed By:
Ishwar Rameshar
Source:
Serhant
Added: Jul 27
Changed: Jul 30
Last Checked: Aug 2 at 12:18PM
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.9k | $38.40 |
| − Vacancy | −$4.4k | −$2.11 |
| EGI | $76.4k | $36.29 |
| − OpEx | −$22.9k | −$10.89 |
| NOI | $53.5k | $25.40 |
2,106 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.2K
$668.7K – $891.6K
NOI $53,496 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.4K
NOI $48,446 @ 7.0% cap · market cap 4.40%
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,152 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property 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
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 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 $1,100,000.
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
