Brick Duplex with Private
For Sale
$1,099,000
2328 Williamsbridge Road, Bronx, NY 10469
Two-unit brick residence with an attached garage, private driveway, and recent major improvements.
Property Size2,776 SF
Price / SF$395.89
Days on Market72
Property Features for 2328 Williamsbridge Road
General Information
Standard status
Active
Size
2,776 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,529
Amenities
attached garage
private driveway
balcony enclosure
Building Details
Building Size
2,776 SF
Year Built
1935
Units
2
Construction
brick
Listing Agency:
Serhant LLC
(845) 313-5062
Listed By:
Juan Bautista
(845) 313-5062
Source:
Mydreamhomerealty
Added: Jun 19
Changed: Aug 29
Last Checked: Aug 25 at 9:26AM
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 Serhant LLC
Investment Insights
Based on property information with market context.
Built in 1935, this brick duplex contains approximately 2,776 square feet across two residential units. The property includes three bathrooms, bright interiors, and functional layouts, along with an attached garage and private driveway that provide off-street parking. Major work completed within the last decade includes the roof, kitchen, windows, brick pointing, and balcony enclosure. Kitchen appliances are less than five years old, including a refrigerator replaced in 2026.
The property is located at 2328 Williamsbridge Road in the Bronx, near schools, shopping, restaurants, parks, and public transportation. Its two-unit configuration, parking features, and documented improvements support a range of residential ownership and rental arrangements.
The property is located at 2328 Williamsbridge Road in the Bronx, near schools, shopping, restaurants, parks, and public transportation. Its two-unit configuration, parking features, and documented improvements support a range of residential ownership and rental arrangements.
Key Highlights
- Two‑unit duplex with approximately 2,776 square feet of living space
- Brick construction; built in 1935
- Attached garage and private driveway provide off‑street parking
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
$70,515
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
6.42%
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%
$1,410,300
$1.4M
Cap Rate 7%
$1,007,357
$1.0M
Cap Rate 9%
$783,500
$783.5K
Market Conditions
NOI Build-Up for 2,776 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
$106.6K $38.40/SF
− Vacancy
−$5.9K −$2.11/SF
EGI
$100.7K $36.29/SF
− OpEx
−$30.2K −$10.89/SF
NOI
$70.5K $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%
$1,410,300
Cap Rate 7%
$1,007,357
Cap Rate 9%
$783,500
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$881.4K – $1.18M
NOI $70,515 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$912.3K
$798.2K – $1.06M
NOI $63,858 @ 7.0% cap · market cap 5.81%
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,650 @ 7.0% cap · market cap 12.25%
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
3,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
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 - Two-unit brick residence with an attached garage, private driveway, and recent major improvements.
Where is this duplex located?
The property is located at 2328 Williamsbridge Road Bronx, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,776 square feet of living space; Brick construction; built in 1935; Attached garage and private driveway provide off‑street parking
