Brick and Stone
For Sale
Contact for pricing
2854 Kingsbridge Terrace, Bronx, NY 10463
Two residential units feature spacious layouts, separate dining rooms, and an oversized garage for parking, storage, or workshop use.
Property Size4,620 SF
Price / SF$281.17
Days on Market11
Property Features for 2854 Kingsbridge Terrace
General Information
Standard status
Active
Size
4,620 SF
Class
A
Property subtype
Multifamily
Zoning
R6
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Stories
3
Units
3
Construction
all-brick and stone
Listing Agency:
exp Realty
(646) 709-7029
Listed By:
Jazmin Molina · License #10401350277
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 6:26AM
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 exp Realty
Investment Insights
Based on property information with market context.
This duplex contains two 3-bedroom residential units within a 4,620-square-foot property. Each unit includes generously sized bedrooms, a large living room, and a separate dining room, creating distinct spaces for daily living and meals. The building was constructed in 1920 and features an all-brick and stone exterior.
An oversized garage adds flexible utility for multiple vehicles, storage, or workshop space. The property is designated R6 and offers a two-unit configuration suitable for residential income use, multigenerational living, or owner occupancy with additional unit space.
An oversized garage adds flexible utility for multiple vehicles, storage, or workshop space. The property is designated R6 and offers a two-unit configuration suitable for residential income use, multigenerational living, or owner occupancy with additional unit space.
Key Highlights
- Two 3‑bedroom residential units
- 4,620 square feet of total property size
- All‑brick and stone exterior construction
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
$117,355
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
9.03%
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%
$2,347,100
$2.3M
Cap Rate 7%
$1,676,500
$1.7M
Cap Rate 9%
$1,303,944
$1.3M
Market Conditions
NOI Build-Up for 4,620 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
$177.4K $38.40/SF
− Vacancy
−$9.8K −$2.11/SF
EGI
$167.7K $36.29/SF
− OpEx
−$50.3K −$10.89/SF
NOI
$117.4K $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%
$2,347,100
Cap Rate 7%
$1,676,500
Cap Rate 9%
$1,303,944
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,355 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,277 @ 7.0% cap · market cap 8.18%
Theoretical Best
Warehouse
$3.20M
$2.80M – $3.73M
NOI $224,093 @ 7.0% cap · market cap 17.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
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 units feature spacious layouts, separate dining rooms, and an oversized garage for parking, storage, or workshop use.
Where is this duplex located?
The property is located at 2854 Kingsbridge Terrace Bronx, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two 3‑bedroom residential units; 4,620 square feet of total property size; All‑brick and stone exterior construction
