Renovated Duplex with Detached
For Sale
$699,000
2043 Bathgate Avenue, Bronx, NY 10457
The freestanding home combines two residential units with a full basement and private outdoor space.
Property Size1,512 SF
Lot Size0.06 Acres
Days on Market82
Property Features for 2043 Bathgate Avenue
General Information
Standard status
Active
Size
1,512 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,460
Amenities
full basement
detached garage
private outdoor space
Building Details
Building Size
1,512 SF
Year Built
1901
Buildings
1
Stories
2
Units
2
Listing Agency:
Winzone Realty Inc
(718) 896-5555
Listed By:
Neriya Borukhov · License #10401357643
(718) 896-5555
Source:
Callexitfirst
Added: Jun 10
Changed: Aug 29
Last Checked: Aug 29 at 6:25PM
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
Investment Insights
Based on property information with market context.
This detached two-family residence presents a renovated configuration with separate living areas across two floors. The first-floor apartment contains four bedrooms, one full bathroom, a living area, and an updated kitchen. The second-floor unit provides three bedrooms, one full bathroom, and a practical residential layout. A full basement, detached garage, and private outdoor area add functional space beyond the apartments.
The property sits on a 25' x 99' lot at 2043 Bathgate Avenue in the Bronx. Public transportation, shopping, schools, parks, and major highways are identified nearby. Built in 1901, the property offers a two-unit residential format suitable for an owner-occupant or continued rental use.
The property sits on a 25' x 99' lot at 2043 Bathgate Avenue in the Bronx. Public transportation, shopping, schools, parks, and major highways are identified nearby. Built in 1901, the property offers a two-unit residential format suitable for an owner-occupant or continued rental use.
Key Highlights
- Detached two‑family layout with 4‑bedroom first‑floor and 3‑bedroom second‑floor units
- First‑floor unit includes 1 full bathroom, living area, and updated kitchen
- Second‑floor unit offers 3 bedrooms and 1 full bathroom
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
$38,407
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
5.49%
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%
$768,140
$768.1K
Cap Rate 7%
$548,671
$548.7K
Cap Rate 9%
$426,744
$426.7K
Market Conditions
NOI Build-Up for 1,512 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
$58.1K $38.40/SF
− Vacancy
−$3.2K −$2.11/SF
EGI
$54.9K $36.29/SF
− OpEx
−$16.5K −$10.89/SF
NOI
$38.4K $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%
$768,140
Cap Rate 7%
$548,671
Cap Rate 9%
$426,744
Alternative Uses
Best Use
Multifamily LT 5
$548.7K
$480.1K – $640.1K
NOI $38,407 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$496.9K
$434.8K – $579.7K
NOI $34,782 @ 7.0% cap · market cap 4.98%
Theoretical Best
Warehouse
$1.05M
$916.8K – $1.22M
NOI $73,340 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 10457, NY
77,488
Population
27,795
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
70%
High-School Grad
1.3 sq mi
ZIP Area
59,606
Density / Sq Mi
$44,911
Median Household Income
$30,564
Median Earnings
$1,400
Median Rent
$336,900
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 - The freestanding home combines two residential units with a full basement and private outdoor space.
Where is this duplex located?
The property is located at 2043 Bathgate Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Detached two‑family layout with 4‑bedroom first‑floor and 3‑bedroom second‑floor units; First‑floor unit includes 1 full bathroom, living area, and updated kitchen; Second‑floor unit offers 3 bedrooms and 1 full bathroom
