Two Lots on Lurting
For Sale
$1,300,000
2710 Lurting Avenue, Bronx, NY 10469
Two lots, one vacant, totaling 50x100, for sale.
Property Size3,510 SF
Lot Size0.11 Acres
Price / SF$370.37
Days on Market147
Property Features for 2710 Lurting Avenue
General Information
Standard status
Active
Size
3,510 SF
Lot size
0.11 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,629
Amenities
Yes, No, 10.00, Parking Lot
Baseboard
Yes, Square Feet
Finished, Full, Walk-Out Access, Yes
1st Floor Bedrm, First Floor Full Bath, In Unit, Modern, Public
In Unit
Finished
First Floor Bedroom, First Floor Full Bath
Walk Out Basement, 1st Fl Master Bedroom
No
Frame
Parking Lot
Building Details
Year Built
1925
Listing Agency:
Century 21 Kafcos Realty
(718) 518-9101
Listed By:
Ernesto De Sieno · License #10401332425
(718) 518-9101
Source:
Compass
Added: Apr 2
Changed: Aug 26
Last Checked: Aug 25 at 12:46PM
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 Century 21 Kafcos Realty
Investment Insights
Based on property information with market context.
The property includes two lots with a combined area of 50 feet by 100 feet. One of the lots is currently vacant and is being utilized for parking purposes. The property size is 3510 square feet.
Key Highlights
- Includes two lots.
- Total lot size is 50X100.
- One lot is empty.
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
$80,743
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
6.21%
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%
$1,614,860
$1.6M
Cap Rate 7%
$1,153,471
$1.2M
Cap Rate 9%
$897,144
$897.1K
Market Conditions
NOI Build-Up for 3,510 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
$155.8K $44.40/SF
− Vacancy
−$9.0K −$2.58/SF
EGI
$146.8K $41.82/SF
− OpEx
−$66.1K −$18.82/SF
NOI
$80.7K $23.00/SF
Area
Bronx, NY
Vacancy
5.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,614,860
Cap Rate 7%
$1,153,471
Cap Rate 9%
$897,144
Alternative Uses
Best Use
Industrial
$2.00M
$1.75M – $2.34M
NOI $140,208 @ 7.0% cap · market cap 10.79%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,743 @ 7.0% cap · market cap 6.21%
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,253 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,628
Businesses Nearby
Under-served
Demand for This Use
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?
Parking lot & garage - Two lots, one vacant, totaling 50x100, for sale.
Where is this parking lot & garage located?
The property is located at 2710 Lurting Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Includes two lots.; Total lot size is 50X100.; One lot is empty.
