Detached Two-Family
For Sale
$855,900
2058 Ryer Avenue, Bronx, NY 10457
Includes a three-bedroom lower unit, four-bedroom upper unit, and finished basement with an additional bedroom.
Property Size3,420 SF
Days on Market70
Property Features for 2058 Ryer Avenue
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,792
Building Details
Building Size
3,420 SF
Year Built
1901
Buildings
1
Units
2
Construction
frame
Listing Agency:
Century 21 Future Homes Realty
(718) 863-0055
Listed By:
Jennifer Onomo · License #40ON1166506
(718) 863-0055
Source:
Cornerstonemyhome
Added: Jun 22
Changed: Aug 29
Last Checked: Aug 25 at 9:14AM
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 Century 21 Future Homes Realty
Investment Insights
Based on property information with market context.
Built in 1901, this detached two-family residence in the Bronx offers separate living areas across multiple levels. The first-floor unit contains three bedrooms and is associated with a Section 8 voucher, while the second-floor unit provides four bedrooms under a month-to-month lease. A finished basement adds another bedroom and expands the usable space. The property is described as being in move-in condition. Located at 2058 Ryer Avenue, the building combines a traditional framed construction with a seven-bedroom above-grade layout and additional basement accommodations. Prospective purchasers must provide pre-approval and proof of funds before scheduling a showing.
Key Highlights
- Detached two‑family framed property at 2058 Ryer Avenue, Bronx, NY 10457
- First‑floor unit includes 3 bedrooms and is associated with a Section 8 voucher
- Second‑floor unit offers 4 bedrooms with a month‑to‑month lease
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
$78,672
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
9.19%
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%
$1,573,440
$1.6M
Cap Rate 7%
$1,123,886
$1.1M
Cap Rate 9%
$874,133
$874.1K
Market Conditions
NOI Build-Up for 3,420 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
$151.8K $44.40/SF
− Vacancy
−$8.8K −$2.58/SF
EGI
$143.0K $41.82/SF
− OpEx
−$64.4K −$18.82/SF
NOI
$78.7K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,573,440
Cap Rate 7%
$1,123,886
Cap Rate 9%
$874,133
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,873 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$1.12M
$983.4K – $1.31M
NOI $78,672 @ 7.0% cap · market cap 9.19%
Theoretical Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,887 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,661
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 - Includes a three-bedroom lower unit, four-bedroom upper unit, and finished basement with an additional bedroom.
Where is this duplex located?
The property is located at 2058 Ryer Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $855,900.
What are key features of this property?
This property features: Detached two‑family framed property at 2058 Ryer Avenue, Bronx, NY 10457; First‑floor unit includes 3 bedrooms and is associated with a Section 8 voucher; Second‑floor unit offers 4 bedrooms with a month‑to‑month lease
