Brick Duplex With Private
New
For Sale
$899,000
2539 Yates Avenue, Bronx, NY 10469
Attached brick construction includes four bedrooms, a finished basement, and off-street parking.
Property Size1,881 SF
Lot Size0.04 Acres
Price / SF$477.94
Days on Market2
Property Features for 2539 Yates Avenue
General Information
Standard status
Active
Size
1,881 SF
Lot size
0.04 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,642
Amenities
garage
driveway
finished basement
Building Details
Building Size
1,881 SF
Year Built
1945
Buildings
1
Construction
brick
Listing Agency:
WW Realty Group Inc
(917) 319-8892
Listed By:
Eyal Sagi · License #10311209735
Source:
Shawmetro
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 9:17AM
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 WW Realty Group Inc
Investment Insights
Based on property information with market context.
This fully brick attached duplex contains approximately 1,881 square feet of building space on a 1,908-square-foot lot. The lower walk-in apartment has one bedroom, a kitchen, and one full bathroom, while the upper duplex provides three bedrooms and one full bathroom. A finished basement adds flexible interior area for recreation, storage, or office use, subject to applicable regulations.
Private parking is provided through both a garage and driveway. The property is located on Yates Avenue in the Laconia section of the Bronx, near local stores, schools, public transportation, and everyday neighborhood services. Built in 1945, the residence combines a two-level multi-unit layout with additional basement space and dedicated off-street parking.
Private parking is provided through both a garage and driveway. The property is located on Yates Avenue in the Laconia section of the Bronx, near local stores, schools, public transportation, and everyday neighborhood services. Built in 1945, the residence combines a two-level multi-unit layout with additional basement space and dedicated off-street parking.
Key Highlights
- Approximately 1,881 square feet of building space
- 1,908‑square‑foot lot
- Four bedrooms and two full bathrooms across the building
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
$47,780
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
5.31%
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%
$955,600
$955.6K
Cap Rate 7%
$682,571
$682.6K
Cap Rate 9%
$530,889
$530.9K
Market Conditions
NOI Build-Up for 1,881 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
$72.2K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.3K $36.29/SF
− OpEx
−$20.5K −$10.89/SF
NOI
$47.8K $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 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%
$955,600
Cap Rate 7%
$682,571
Cap Rate 9%
$530,889
Alternative Uses
Best Use
Multifamily LT 5
$682.6K
$597.3K – $796.3K
NOI $47,780 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$618.1K
$540.9K – $721.2K
NOI $43,270 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,238 @ 7.0% cap · market cap 10.15%
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
2,933
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 - Attached brick construction includes four bedrooms, a finished basement, and off-street parking.
Where is this duplex located?
The property is located at 2539 Yates Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 1,881 square feet of building space; 1,908‑square‑foot lot; Four bedrooms and two full bathrooms across the building
