Detached Two-Family
For Sale
$585,000
Pending
2729 Paulding Ave The, Bronx, NY 10469
Two residential levels offer separate kitchens and bathrooms, complemented by a basement, front yard, fenced backyard, and garage.
Property Size1,531 SF
Days on Market171
Property Features for 2729 Paulding Ave The
General Information
Standard status
Pending
Size
1,531 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,044
Building Details
Building Size
1,531 SF
Year Built
1930
Listing Agency:
Nest Seekers LLC
Listed By:
Neurelis Romero Maury
(646) 505-8357
Source:
Elliman
Added: Apr 27
Changed: Oct 14
Last Checked: Oct 12 at 7:40PM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
Built in 1930, this fully detached duplex at 2729 Paulding Ave includes two residential floors, each with a kitchen and bathroom. The first floor has two bedrooms and one bathroom, while the second floor contains one bedroom and one bathroom. A full basement, front yard, fenced backyard, and garage add to the property’s existing configuration.
The home is being sold as-is and is not currently habitable; a complete gut renovation is required. Set on a quiet residential side street near Allerton Avenue’s commercial corridor, the property is close to shopping, dining, and everyday services. The 2 and 5 subway lines are approximately 0.5 miles away. WalkScore and bikeScore are each 81, while the transitScore is 82.
The home is being sold as-is and is not currently habitable; a complete gut renovation is required. Set on a quiet residential side street near Allerton Avenue’s commercial corridor, the property is close to shopping, dining, and everyday services. The 2 and 5 subway lines are approximately 0.5 miles away. WalkScore and bikeScore are each 81, while the transitScore is 82.
Key Highlights
- Fully detached two‑family home built in 1930
- First floor includes 2 bedrooms and 1 bathroom
- Second floor includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,890
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,800
$777.8K
Cap Rate 7%
$555,571
$555.6K
Cap Rate 9%
$432,111
$432.1K
Market Conditions
NOI Build-Up for 1,531 SF
Gross rent
$58.8K $38.40/SF
− Vacancy
−$3.2K −$2.11/SF
EGI
$55.6K $36.29/SF
− OpEx
−$16.7K −$10.89/SF
NOI
$38.9K $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%
$777,800
Cap Rate 7%
$555,571
Cap Rate 9%
$432,111
Alternative Uses
Best Use
Multifamily LT 5
$555.6K
$486.1K – $648.2K
NOI $38,890 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$503.1K
$440.2K – $587.0K
NOI $35,219 @ 7.0% cap · market cap 6.02%
Theoretical Best
Warehouse
$1.06M
$928.3K – $1.24M
NOI $74,261 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels offer separate kitchens and bathrooms, complemented by a basement, front yard, fenced backyard, and garage.
Where is this duplex located?
The property is located at 2729 Paulding Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Fully detached two‑family home built in 1930; First floor includes 2 bedrooms and 1 bathroom; Second floor includes 1 bedroom and 1 bathroom
