Brick Duplex With Two-Car
For Sale
$1,199,000
2745 Woodhull Avenue, Bronx, NY 10469
Two-unit brick residence offers separate apartments, a finished lower level, private parking, and multiple outdoor areas.
Property Size2,640 SF
Price / SF$454.17
Days on Market60
Property Features for 2745 Woodhull Avenue
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,797
Amenities
terrace
laundry area
bar
game area
side yard
patio
Building Details
Building Size
2,640 SF
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Locascio Realty Co.
Listed By:
Vivian F. Pecoraro
(718) 931-9400
Source:
Shawmetro
Added: Jul 21
Changed: Sep 13
Last Checked: Sep 16 at 10:42PM
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 Locascio Realty Co.
Investment Insights
Based on property information with market context.
This two-family brick residence includes a four-bedroom duplex apartment with one and one-half baths and terrace access, along with a two-bedroom, one-bath apartment on the first floor. The property also includes a finished basement with a half bath, laundry area, bar, and game area.
A two-car garage, private driveway, side yard, patio area, and ample street parking provide useful parking and outdoor features. The property is in the Pelham Gardens section of the Bronx, with access to major highways, retail stores, parks, schools, and public transportation.
A two-car garage, private driveway, side yard, patio area, and ample street parking provide useful parking and outdoor features. The property is in the Pelham Gardens section of the Bronx, with access to major highways, retail stores, parks, schools, and public transportation.
Key Highlights
- Four‑bedroom duplex apartment with 1.5 baths and terrace access
- Separate two‑bedroom, 1‑bath first‑floor apartment
- Finished basement with half bath, laundry area, bar, and game area
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
$67,060
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
5.59%
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%
$1,341,200
$1.3M
Cap Rate 7%
$958,000
$958.0K
Cap Rate 9%
$745,111
$745.1K
Market Conditions
NOI Build-Up for 2,640 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
$101.4K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$95.8K $36.29/SF
− OpEx
−$28.7K −$10.89/SF
NOI
$67.1K $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%
$1,341,200
Cap Rate 7%
$958,000
Cap Rate 9%
$745,111
Alternative Uses
Best Use
Multifamily LT 5
$958.0K
$838.3K – $1.12M
NOI $67,060 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$867.6K
$759.1K – $1.01M
NOI $60,730 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $128,053 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,649
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick residence offers separate apartments, a finished lower level, private parking, and multiple outdoor areas.
Where is this duplex located?
The property is located at 2745 Woodhull Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four‑bedroom duplex apartment with 1.5 baths and terrace access; Separate two‑bedroom, 1‑bath first‑floor apartment; Finished basement with half bath, laundry area, bar, and game area
