Brick Two-Family
New
For Sale
$848,000
268 Throggs Neck Boulevard, Bronx, NY 10465
Two residential units include a one-bedroom layout and an upper three-bedroom apartment with additional finished basement space.
Property Size2,090 SF
Lot Size0.05 Acres
Price / SF$405.74
Days on Market5
Property Features for 268 Throggs Neck Boulevard
General Information
Standard status
Active
Size
2,090 SF
Total Parking Spaces
4
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,034
Amenities
eat-in kitchens
hardwood flooring
tile flooring
vinyl flooring
natural gas baseboard heating
wall/window air conditioning units
finished full basement
wet bar
Building Details
Building Size
2,090 SF
Year Built
1960
Units
2
Construction
brick
Listing Agency:
Keller Williams Prestige Prop
(718) 207-5663
Listed By:
Natasha Hernandez · License #RB16001471
(718) 207-5663
Source:
Cohenandcohenrealty
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 20 at 1:35PM
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 Keller Williams Prestige Prop
Investment Insights
Based on property information with market context.
This brick duplex contains approximately 2,090 square feet of living space on a 2,375-square-foot lot. The first-floor apartment has one bedroom, while the upper residence offers three bedrooms, two full bathrooms, and one half bathroom. Both units feature eat-in kitchens, with hardwood, tile, and vinyl flooring throughout the property. A finished full basement includes a wet bar and can provide additional recreation, entertaining, storage, or other permitted-use space.
A private driveway accommodates parking for up to 4 vehicles. Building systems include natural gas baseboard heating and wall/window air-conditioning units. Constructed in 1960, the property is located at 268 Throggs Neck Boulevard in the Bronx, near local shopping, schools, parks, neighborhood amenities, and major highways.
A private driveway accommodates parking for up to 4 vehicles. Building systems include natural gas baseboard heating and wall/window air-conditioning units. Constructed in 1960, the property is located at 268 Throggs Neck Boulevard in the Bronx, near local shopping, schools, parks, neighborhood amenities, and major highways.
Key Highlights
- Two‑unit brick duplex with approximately 2,090 square feet of living space
- One‑bedroom first‑floor apartment and upper three‑bedroom unit
- Upper unit includes 2 full bathrooms and 1 half bathroom
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
$53,089
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
6.26%
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%
$1,061,780
$1.1M
Cap Rate 7%
$758,414
$758.4K
Cap Rate 9%
$589,878
$589.9K
Market Conditions
NOI Build-Up for 2,090 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
$80.3K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$75.8K $36.29/SF
− OpEx
−$22.8K −$10.89/SF
NOI
$53.1K $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%
$1,061,780
Cap Rate 7%
$758,414
Cap Rate 9%
$589,878
Alternative Uses
Best Use
Multifamily LT 5
$758.4K
$663.6K – $884.8K
NOI $53,089 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$686.8K
$601.0K – $801.3K
NOI $48,078 @ 7.0% cap · market cap 5.67%
Theoretical Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,376 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
751
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a one-bedroom layout and an upper three-bedroom apartment with additional finished basement space.
Where is this duplex located?
The property is located at 268 Throggs Neck Boulevard Bronx, NY.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Two‑unit brick duplex with approximately 2,090 square feet of living space; One‑bedroom first‑floor apartment and upper three‑bedroom unit; Upper unit includes 2 full bathrooms and 1 half bathroom
