Brick Duplex with Full
For Sale
$999,000
1863 Williamsbridge Road, Bronx, NY 10461
R4 zoning with a C1-2 overlay supports residential use and stated doctor’s office, professional office, or small-retail possibilities.
Property Size2,002 SF
Days on Market53
Property Features for 1863 Williamsbridge Road
General Information
Standard status
Active
Size
2,002 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R4 with C1-2 Commercial Overlay
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,871
Building Details
Building Size
2,002 SF
Year Built
1950
Buildings
1
Units
2
Construction
brick
Listing Agency:
Exit Realty Premium
(646) 696-1563
Listed By:
Anthony A. Domathoti
(646) 696-1563
Source:
Mahlerrealty
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 11:03AM
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 Exit Realty Premium
Investment Insights
Based on property information with market context.
This brick, semi-detached duplex at 1863 Williamsbridge Road includes two apartments, a full basement, a stand-up attic, and a private backyard. The first unit has one bedroom, a living room, kitchen, and full bath. The second offers three bedrooms, a living room, kitchen with dining area, full bath, and half bath. Recent updates include kitchen cabinets, flooring, moldings, and a brand-new 2025 hot water heater. The basement provides additional usable space with direct backyard access, while attic storage adds utility. A second gas meter is located in the garage and is currently disconnected.
The property is zoned R4 with a C1-2 Commercial Overlay. The stated overlay flexibility includes potential doctor’s office, professional office, or small retail use. It is near the Morris Park 5 Train Station, buses, major highways, shops, parks, schools, Albert Einstein Medical Center, and local amenities. The property is delivered vacant.
The property is zoned R4 with a C1-2 Commercial Overlay. The stated overlay flexibility includes potential doctor’s office, professional office, or small retail use. It is near the Morris Park 5 Train Station, buses, major highways, shops, parks, schools, Albert Einstein Medical Center, and local amenities. The property is delivered vacant.
Key Highlights
- Two‑unit brick, semi‑detached property with one- and three‑bedroom layouts
- Full basement with direct access to the private backyard
- Stand‑up attic provides additional storage space
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
$50,854
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
5.09%
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%
$1,017,080
$1.0M
Cap Rate 7%
$726,486
$726.5K
Cap Rate 9%
$565,044
$565.0K
Market Conditions
NOI Build-Up for 2,002 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
$76.9K $38.40/SF
− Vacancy
−$4.2K −$2.11/SF
EGI
$72.6K $36.29/SF
− OpEx
−$21.8K −$10.89/SF
NOI
$50.9K $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%
$1,017,080
Cap Rate 7%
$726,486
Cap Rate 9%
$565,044
Alternative Uses
Best Use
Multifamily LT 5
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$657.9K
$575.7K – $767.6K
NOI $46,053 @ 7.0% cap · market cap 4.61%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,107 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
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 - R4 zoning with a C1-2 overlay supports residential use and stated doctor’s office, professional office, or small-retail possibilities.
Where is this duplex located?
The property is located at 1863 Williamsbridge Road Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit brick, semi‑detached property with one- and three‑bedroom layouts; Full basement with direct access to the private backyard; Stand‑up attic provides additional storage space
