Two-Family Duplex
For Sale
$875,000
290 Zerega Avenue, Bronx, NY 10473
Residential layouts include multiple bedrooms and bathrooms, with existing rental income.
Property Size3,068 SF
Days on Market15
Property Features for 290 Zerega Avenue
General Information
Standard status
Active
Size
3,068 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,006
Building Details
Building Size
3,068 SF
Year Built
2011
Listing Agency:
Link NY Realty
Listed By:
Valon Nikci · License #10491202180
(646) 321-9428
Source:
Serhant
Added: Sep 3
Changed: Sep 17
Last Checked: Sep 16 at 11:08PM
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 Link NY Realty
Investment Insights
Based on property information with market context.
Built in 2011, this Bronx duplex is configured as a two-family residential property with multiple bedrooms and bathrooms across its living areas. The layout supports comfortable residential occupancy and offers existing rental income for an investor or owner-occupant.
The property is situated near major transportation routes and public transit, with shopping, schools, and neighborhood amenities also nearby. Its two-family configuration provides a straightforward residential income format within an established Bronx community.
The property is situated near major transportation routes and public transit, with shopping, schools, and neighborhood amenities also nearby. Its two-family configuration provides a straightforward residential income format within an established Bronx community.
Key Highlights
- Two‑family duplex configuration
- Built in 2011
- Multiple bedrooms and bathrooms across residential layouts
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
$77,932
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
8.91%
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%
$1,558,640
$1.6M
Cap Rate 7%
$1,113,314
$1.1M
Cap Rate 9%
$865,911
$865.9K
Market Conditions
NOI Build-Up for 3,068 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
$117.8K $38.40/SF
− Vacancy
−$6.5K −$2.11/SF
EGI
$111.3K $36.29/SF
− OpEx
−$33.4K −$10.89/SF
NOI
$77.9K $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%
$1,558,640
Cap Rate 7%
$1,113,314
Cap Rate 9%
$865,911
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.2K – $1.30M
NOI $77,932 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$1.01M
$882.2K – $1.18M
NOI $70,575 @ 7.0% cap · market cap 8.07%
Theoretical Best
Warehouse
$2.13M
$1.86M – $2.48M
NOI $148,814 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
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 - Residential layouts include multiple bedrooms and bathrooms, with existing rental income.
Where is this duplex located?
The property is located at 290 Zerega Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑family duplex configuration; Built in 2011; Multiple bedrooms and bathrooms across residential layouts
