Duplex with Walkout
For Sale
$1,500,000
2510 Webb Ave, Bronx, NY 10468
R-6-zoned property combines two four-bedroom units with additional basement living space and off-street parking.
Property Size4,127 SF
Price / SF$363.46
Days on Market30
Property Features for 2510 Webb Ave
General Information
Standard status
Active
Size
4,127 SF
Total Parking Spaces
9
Property subtype
Multi-Unit (2-4)
Zoning
R-6
Units
Unit Mix
2 x 4BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Davis Realty and Auction
(256) 442-9995
Listed By:
Christopher Davis · License #112829
(256) 390-7773
Source:
Davisrealtyandauction
Added: Oct 6
Changed: Nov 3
Last Checked: Nov 4 at 6:40AM
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 Davis Realty and Auction
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Investment Insights
Based on property information with market context.
The duplex is configured as two four-bedroom units, each with one full bathroom and one half bathroom. A walkout basement adds three bedrooms, a full bathroom, and a summer kitchen. The property has a total buildable area of 8,622 square feet and is zoned R-6.
Rear parking accommodates 8-9 cars. A veterans' hospital is among the nearby amenities.
Rear parking accommodates 8-9 cars. A veterans' hospital is among the nearby amenities.
Key Highlights
- Two units, each with four bedrooms, one full bathroom, and one half bathroom
- Walkout basement includes three bedrooms, a full bathroom, and a summer kitchen
- 8,622 square feet of total buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,832
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,096,640
$2.1M
Cap Rate 7%
$1,497,600
$1.5M
Cap Rate 9%
$1,164,800
$1.2M
Market Conditions
NOI Build-Up for 4,127 SF
Gross rent
$158.5K $38.40/SF
− Vacancy
−$8.7K −$2.11/SF
EGI
$149.8K $36.29/SF
− OpEx
−$44.9K −$10.89/SF
NOI
$104.8K $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 Rate 5%
$2,096,640
Cap Rate 7%
$1,497,600
Cap Rate 9%
$1,164,800
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $104,832 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.58M
NOI $94,936 @ 7.0% cap · market cap 6.33%
Theoretical Best
Warehouse
$2.86M
$2.50M – $3.34M
NOI $200,180 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,543
Businesses Nearby
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Business Placement
Demographics for 10468, NY
78,238
Population
29,553
Households
2.6
Avg Household Size
35
Median Age
16%
College-Educated
72%
High-School Grad
1.0 sq mi
ZIP Area
78,238
Density / Sq Mi
$46,624
Median Household Income
$29,914
Median Earnings
$1,594
Median Rent
$259,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R-6-zoned property combines two four-bedroom units with additional basement living space and off-street parking.
Where is this duplex located?
The property is located at 2510 Webb Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two units, each with four bedrooms, one full bathroom, and one half bathroom; Walkout basement includes three bedrooms, a full bathroom, and a summer kitchen; 8,622 square feet of total buildable area
