Building Details

Building Size 1,800 SF

Year Built 1930

Listing Agency: WW Realty Group Inc

Listed By: Eyal Sagi · License #10311209735 Show Phone

Source: Shawmetro

Added: Oct 14 Changed: Oct 17 Last Checked: Oct 16 at 5:01PM

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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

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Investment Insights

Based on property information with market context.

This detached duplex offers approximately 1,800 square feet of building space on an approximately 3,500-square-foot lot. Its 2-over-2 configuration is complemented by a finished basement with bedrooms and a wine cellar. A private driveway and garage provide off-street parking, while the detached structure includes outdoor space. The property was built in 1930.

Located in the Allerton neighborhood of the Bronx, the property is near shopping, restaurants, schools, public transportation, and major roadways.

Key Highlights

• Detached duplex with a 2‑over‑2 configuration
• Approximately 1,800 square feet of building space on an approximately 3,500‑square‑foot lot
• Finished basement includes bedrooms and a wine cellar

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,723

Cap Rate

4.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$914,460 $914.5K

Cap Rate 7%

$653,186 $653.2K

Cap Rate 9%

$508,033 $508.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$69.1K $38.40/SF

− Vacancy

−$3.8K −$2.11/SF

EGI

$65.3K $36.29/SF

− OpEx

−$19.6K −$10.89/SF

NOI

$45.7K $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 Rate 5%

$914,460

Cap Rate 7%

$653,186

Cap Rate 9%

$508,033

Alternative Uses

Best Use

Multifamily LT 5

$653.2K

$571.5K – $762.1K (±1% cap)

NOI $45,723 @ 7.0% cap · market cap 4.81%

Second Best

Apartment 5plus

$591.5K

$517.6K – $690.1K (±1% cap)

NOI $41,407 @ 7.0% cap · market cap 4.36%

Theoretical Best

Warehouse

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,309 @ 7.0% cap · market cap 9.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,761

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A finished basement with bedrooms and a wine cellar expands the property's interior utility.

Where is this duplex located?

The property is located at 2729 Paulding Avenue Bronx, NY.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Detached duplex with a 2‑over‑2 configuration; Approximately 1,800 square feet of building space on an approximately 3,500‑square‑foot lot; Finished basement includes bedrooms and a wine cellar