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 Market126
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
(646) 505-8357
Listed By:
Neurelis Romero Maury
(646) 505-8357
Source:
Elliman
Added: Apr 27
Changed: Aug 29
Last Checked: Aug 29 at 1:31PM
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 = 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
$38,890
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
6.65%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
