Two-Family Duplex
For Sale
$1,180,000
1842 Paulding Avenue, Bronx, NY 10462
Four bedrooms and three bathrooms are arranged in a residence currently used as a single-family home.
Property Size2,160 SF
Price / SF$546.30
Days on Market31
Property Features for 1842 Paulding Avenue
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,584
Building Details
Building Size
2,160 SF
Year Built
1940
Units
2
Tenancy
Single
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Vanessa P. Chang CBR · License #10401260595
(917) 488-6977
Source:
Clairedleone
Added: Oct 1
Changed: Oct 29
Last Checked: Oct 29 at 7:56PM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1940, this 2,160-square-foot duplex has four bedrooms and three bathrooms. Although configured as a two-family home, it is currently occupied as a single-family residence.
The property is near the Morris Park subway station, served by the 5 train. Shops, restaurants, schools, and other neighborhood amenities are also nearby.
The property is near the Morris Park subway station, served by the 5 train. Shops, restaurants, schools, and other neighborhood amenities are also nearby.
Key Highlights
- 2,160 square feet of living space
- Four bedrooms and three bathrooms
- Two‑family home currently used as a single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,450
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,000
$1.0M
Cap Rate 7%
$749,286
$749.3K
Cap Rate 9%
$582,778
$582.8K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$79.1K $36.60/SF
− Vacancy
−$4.1K −$1.91/SF
EGI
$74.9K $34.69/SF
− OpEx
−$22.5K −$10.41/SF
NOI
$52.5K $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%
$1,049,000
Cap Rate 7%
$749,286
Cap Rate 9%
$582,778
Alternative Uses
Best Use
Multifamily LT 5
$749.3K
$655.6K – $874.2K
NOI $52,450 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$667.8K
$584.4K – $779.1K
NOI $46,748 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,377
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Four bedrooms and three bathrooms are arranged in a residence currently used as a single-family home.
Where is this duplex located?
The property is located at 1842 Paulding Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 2,160 square feet of living space; Four bedrooms and three bathrooms; Two‑family home currently used as a single‑family residence
