Five-Property Duplex
For Sale
$4,300,000
290 Zerega Ave The, Bronx, NY 10473
Residential holdings include two-bedroom layouts, finished basements, and multiple bathrooms.
Property Size14,550 SF
Days on Market54
Property Features for 290 Zerega Ave The
General Information
Standard status
Active
Size
14,550 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$1,508
Building Details
Building Size
14,550 SF
Year Built
2011
Buildings
5
Units
10
Listing Agency:
Link NY Realty
Listed By:
Valon Nikci · License #10491202180
(646) 321-9428
Source:
Elliman
Added: Aug 28
Changed: Oct 18
Last Checked: Oct 19 at 8:15AM
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
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Investment Insights
Based on property information with market context.
This concentrated residential portfolio comprises five two-family homes along Zerega Avenue in the Bronx: 256, 258, 286, 290, and 294 Zerega Avenue. Built in 2011, the properties include various two-bedroom layouts, with finished basement areas and multiple bathrooms in several units. The offering provides multiple income-producing units across a compact group of neighboring properties.
The portfolio is positioned near Westchester Avenue, shopping, restaurants, schools, and medical facilities. The Zerega Avenue 6 train station is within walking distance, while I-95 and the Bruckner Expressway provide vehicular connections through the Bronx and greater New York City area. Several leases are scheduled for turnover through 2027, adding a defined leasing timeline to the existing rent roll.
The portfolio is positioned near Westchester Avenue, shopping, restaurants, schools, and medical facilities. The Zerega Avenue 6 train station is within walking distance, while I-95 and the Bruckner Expressway provide vehicular connections through the Bronx and greater New York City area. Several leases are scheduled for turnover through 2027, adding a defined leasing timeline to the existing rent roll.
Key Highlights
- Five two‑family homes included at 256, 258, 286, 290, and 294 Zerega Avenue
- Built in 2011
- Variety of two‑bedroom configurations across the portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$369,593
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,391,860
$7.4M
Cap Rate 7%
$5,279,900
$5.3M
Cap Rate 9%
$4,106,589
$4.1M
Market Conditions
NOI Build-Up for 14,550 SF
Gross rent
$558.7K $38.40/SF
− Vacancy
−$30.7K −$2.11/SF
EGI
$528.0K $36.29/SF
− OpEx
−$158.4K −$10.89/SF
NOI
$369.6K $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%
$7,391,860
Cap Rate 7%
$5,279,900
Cap Rate 9%
$4,106,589
Alternative Uses
Best Use
Multifamily LT 5
$5.28M
$4.62M – $6.16M
NOI $369,593 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$4.78M
$4.18M – $5.58M
NOI $334,703 @ 7.0% cap · market cap 7.78%
Theoretical Best
Warehouse
$10.08M
$8.82M – $11.76M
NOI $705,749 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Residential holdings include two-bedroom layouts, finished basements, and multiple bathrooms.
Where is this duplex located?
The property is located at 290 Zerega Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Five two‑family homes included at 256, 258, 286, 290, and 294 Zerega Avenue; Built in 2011; Variety of two‑bedroom configurations across the portfolio
