Two-Unit Duplex with
292 Wadsworth Avenue, New York, NY 10040
For Sale
New
$1,749,000
Separate gas boilers serve each residence, with heating and cooling units in every room.
Property Size2,269 SF
Price / SF$770.82
Days on Market2
Property Features for 292 Wadsworth Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
laundry room
storage space
Finished,Full,Storage Space
4
Yes
5
Eat-in Kitchen,Entrance Foyer,Formal Dining,Granite Counters,Washer/Dryer Hookup
Finished, Full, Storage Space
Public
2
No
Driveway
2269
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(929) 345-3889
Listed By:
Islam Jahad
Source:
Suitsre
Added: Nov 10
Last Checked: Nov 10 at 2:17PM
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 Islam Jahad
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Investment Insights
Based on property information with market context.
This 2,269-square-foot, two-family property has a three-bedroom residence spanning the second and third floors, with two full bathrooms, a living room, formal dining room, eat-in kitchen, and balcony. The first floor and finished basement form a separate two-bedroom, two-bathroom apartment with an open kitchen, laundry room, and storage. Each unit has its own gas boiler, and heating and cooling units are installed in every room. The property also includes hardwood floors and driveway parking for two cars.
Zoned R7-2, the site has 5,963 buildable residential square feet. The address is near the #1 and A subway stations, express buses, major highways, shops, schools, restaurants, and public parks.
Zoned R7-2, the site has 5,963 buildable residential square feet. The address is near the #1 and A subway stations, express buses, major highways, shops, schools, restaurants, and public parks.
Key Highlights
- Two‑family property with 2,269 square feet
- Upper residence has 3 bedrooms, 2 full bathrooms, and a balcony
- First floor and finished basement form a 2‑bedroom, 2‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,791
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,820
$1.5M
Cap Rate 7%
$1,097,014
$1.1M
Cap Rate 9%
$853,233
$853.2K
Market Conditions
NOI Build-Up for 2,269 SF
Gross rent
$115.7K $51.00/SF
− Vacancy
−$6.0K −$2.65/SF
EGI
$109.7K $48.35/SF
− OpEx
−$32.9K −$14.50/SF
NOI
$76.8K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,535,820
Cap Rate 7%
$1,097,014
Cap Rate 9%
$853,233
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,791 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$1.01M
$887.4K – $1.18M
NOI $70,991 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,041 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,981
Businesses Nearby
Explore this area
Business Placement
Demographics for 10040, NY
40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New York, NY
Properties on Market for Duplexes in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas boilers serve each residence, with heating and cooling units in every room.
Where is this duplex located?
The property is located at 292 Wadsworth Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Two‑family property with 2,269 square feet; Upper residence has 3 bedrooms, 2 full bathrooms, and a balcony; First floor and finished basement form a 2‑bedroom, 2‑bathroom apartment
