Brick Duplex with Private
For Sale
$1,010,000
253 Robinson Avenue, Bronx, NY 10465
Legal two-family brick residence with flexible living space, substantial outdoor areas, and dedicated parking.
Property Size2,520 SF
Days on Market56
Property Features for 253 Robinson Avenue
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,924
Building Details
Building Size
2,520 SF
Year Built
1965
Units
3
Listing Agency:
Voro LLC
(347) 238-4035
Listed By:
Abraham Ortiz PSA SFR
(347) 238-4035
Source:
Callexitfirst
Added: Jul 6
Changed: Aug 29
Last Checked: Aug 25 at 9:11AM
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 Voro LLC
Investment Insights
Based on property information with market context.
This legal two-family brick residence in the Bronx was built in 1965 and offers a flexible three-level layout. The ground floor contains a 1-bedroom, 1-bathroom space with direct backyard access. Above it, the second floor provides 2 bedrooms and 1 bathroom, while the third floor adds 3 bedrooms and 1 bathroom. The ground-floor area can function as recreation space or a guest suite, or connect with the level above to create a larger duplex arrangement.
Property improvements include a brand-new furnace, a hot water heater updated in 2018, 100 amp electrical service for each floor, and 2 separate gas meters. A private driveway accommodates up to 4 cars, and the large backyard expands the outdoor space. Bx40 and Bx42 bus service is available along East Tremont Avenue. Throggs Neck Shopping Center, Ferry Point Park, and Bicentennial Veterans Memorial Park are nearby, with access to the Cross Bronx, Throgs Neck, and Bruckner expressways, Hutchinson River Parkway, and the Throgs Neck and Whitestone Bridges.
Property improvements include a brand-new furnace, a hot water heater updated in 2018, 100 amp electrical service for each floor, and 2 separate gas meters. A private driveway accommodates up to 4 cars, and the large backyard expands the outdoor space. Bx40 and Bx42 bus service is available along East Tremont Avenue. Throggs Neck Shopping Center, Ferry Point Park, and Bicentennial Veterans Memorial Park are nearby, with access to the Cross Bronx, Throgs Neck, and Bruckner expressways, Hutchinson River Parkway, and the Throgs Neck and Whitestone Bridges.
Key Highlights
- Legal two‑family brick residence at 253 Robinson Avenue
- Three‑level layout with 1-, 2-, and 3‑bedroom floors
- Private driveway fits up to 4 cars
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
$64,012
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
6.34%
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%
$1,280,240
$1.3M
Cap Rate 7%
$914,457
$914.5K
Cap Rate 9%
$711,244
$711.2K
Market Conditions
NOI Build-Up for 2,520 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
$96.8K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$91.4K $36.29/SF
− OpEx
−$27.4K −$10.89/SF
NOI
$64.0K $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%
$1,280,240
Cap Rate 7%
$914,457
Cap Rate 9%
$711,244
Alternative Uses
Best Use
Multifamily LT 5
$914.5K
$800.2K – $1.07M
NOI $64,012 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$828.1K
$724.6K – $966.2K
NOI $57,969 @ 7.0% cap · market cap 5.74%
Theoretical Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,233 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family brick residence with flexible living space, substantial outdoor areas, and dedicated parking.
Where is this duplex located?
The property is located at 253 Robinson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,010,000.
What are key features of this property?
This property features: Legal two‑family brick residence at 253 Robinson Avenue; Three‑level layout with 1-, 2-, and 3‑bedroom floors; Private driveway fits up to 4 cars
