Duplex with Finished Walk-Out
For Sale
$1,350,000
2451 Wilson Avenue, Bronx, NY 10469
Detached brick two-family property with a three-bedroom upper unit and flexible lower-level space.
Property Size3,034 SF
Price / SF$444.96
Days on Market50
Property Features for 2451 Wilson Avenue
General Information
Standard status
Active
Size
3,034 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,101
Building Details
Building Size
3,034 SF
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
Real Broker NY LLC
Listed By:
Shpresa Camaj
(917) 645-6629
Source:
Shawmetro
Added: Aug 13
Changed: Sep 27
Last Checked: Sep 30 at 6:54PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
Built in 1965, this detached brick duplex at 2451 Wilson Avenue contains 3,034 square feet and is arranged as two residential units. The first-floor unit is configured with two bedrooms, while the second-floor unit has three bedrooms. The lower level is fully finished and includes walk-out access, providing additional flexible space.
The property also includes a garage that generates rental income. Neither residential unit currently has a lease in place, allowing flexibility in future occupancy and leasing arrangements. The roof is brand new, and the property is located in the Pelham Gardens section of the Bronx, NY 10469.
The property also includes a garage that generates rental income. Neither residential unit currently has a lease in place, allowing flexibility in future occupancy and leasing arrangements. The roof is brand new, and the property is located in the Pelham Gardens section of the Bronx, NY 10469.
Key Highlights
- 3,034‑square‑foot detached brick duplex built in 1965
- Two‑bedroom first‑floor unit with prior three‑bedroom configuration
- Three‑bedroom second‑floor unit
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
$77,068
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
5.71%
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%
$1,541,360
$1.5M
Cap Rate 7%
$1,100,971
$1.1M
Cap Rate 9%
$856,311
$856.3K
Market Conditions
NOI Build-Up for 3,034 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
$116.5K $38.40/SF
− Vacancy
−$6.4K −$2.11/SF
EGI
$110.1K $36.29/SF
− OpEx
−$33.0K −$10.89/SF
NOI
$77.1K $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%
$1,541,360
Cap Rate 7%
$1,100,971
Cap Rate 9%
$856,311
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.4K – $1.28M
NOI $77,068 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$997.0K
$872.4K – $1.16M
NOI $69,793 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$2.10M
$1.84M – $2.45M
NOI $147,164 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,813
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Detached brick two-family property with a three-bedroom upper unit and flexible lower-level space.
Where is this duplex located?
The property is located at 2451 Wilson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,034‑square‑foot detached brick duplex built in 1965; Two‑bedroom first‑floor unit with prior three‑bedroom configuration; Three‑bedroom second‑floor unit
