All-Brick Duplex
For Sale
$1,220,000
2539 Woodhull Avenue, Bronx, NY 10469
Split-level duplex with a separate one-bedroom apartment, terrace, garage, driveway, and private yard.
Property Size3,200 SF
Lot Size0.11 Acres
Days on Market47
Property Features for 2539 Woodhull Avenue
General Information
Standard status
Active
Size
3,200 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,000
Amenities
central air conditioning
hardwood floors
terrace
backyard
garage
driveway
attic storage
Building Details
Building Size
3,200 SF
Year Built
1960
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
Morris Park Realty Group
(718) 881-1923
Listed By:
Joseph Cosentino · License #10311205741
(718) 881-1923
Source:
Professionalchoicerealty
Added: Jul 14
Changed: Aug 28
Last Checked: Aug 29 at 10:18AM
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 Morris Park Realty Group
Investment Insights
Based on property information with market context.
This 1960 all-brick duplex occupies a 5,000-square-foot corner property and combines a split-level primary residence with a separate apartment. The main home includes a sunken family room with backyard access, a home office or bedroom, full bath, living room, eat-in kitchen, multiple bedrooms, an en-suite primary bath, hardwood flooring, generous closet space, and a full attic. Sliding doors and kitchen access open to a large terrace overlooking the garden.
The secondary apartment provides a living room, eat-in kitchen, one bedroom, and full bath, offering separate space for extended household use or rental occupancy. Additional property features include central AC, gas heat, hot water cast-iron baseboard heating, a one-car garage, private driveway, and yard. The property is located near major highways, retail stores, parks, schools, and public transportation.
The secondary apartment provides a living room, eat-in kitchen, one bedroom, and full bath, offering separate space for extended household use or rental occupancy. Additional property features include central AC, gas heat, hot water cast-iron baseboard heating, a one-car garage, private driveway, and yard. The property is located near major highways, retail stores, parks, schools, and public transportation.
Key Highlights
- 5,000‑square‑foot corner property with an all‑brick split‑level duplex
- Separate apartment with living room, eat‑in kitchen, 1 bedroom, and full bathroom
- Main residence includes a large terrace overlooking the garden
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
$81,285
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
6.66%
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%
$1,625,700
$1.6M
Cap Rate 7%
$1,161,214
$1.2M
Cap Rate 9%
$903,167
$903.2K
Market Conditions
NOI Build-Up for 3,200 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
$122.9K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$116.1K $36.29/SF
− OpEx
−$34.8K −$10.89/SF
NOI
$81.3K $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%
$1,625,700
Cap Rate 7%
$1,161,214
Cap Rate 9%
$903,167
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,285 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$1.05M
$920.2K – $1.23M
NOI $73,612 @ 7.0% cap · market cap 6.03%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,216 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,880
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 - Split-level duplex with a separate one-bedroom apartment, terrace, garage, driveway, and private yard.
Where is this duplex located?
The property is located at 2539 Woodhull Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,220,000.
What are key features of this property?
This property features: 5,000‑square‑foot corner property with an all‑brick split‑level duplex; Separate apartment with living room, eat‑in kitchen, 1 bedroom, and full bathroom; Main residence includes a large terrace overlooking the garden
