Two-Family Duplex with
292 Wadsworth Ave New York, Manhattan, NY 10040
For Sale
$1,749,000
Separate heating and cooling systems serve each residence, with a finished lower-level apartment and laundry area.
Property Size2,269 SF
Price / SF$770.82
Days on Market213
Property Features for 292 Wadsworth Ave New York
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
balcony
laundry room
storage space
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Hermi Aquino · License #30AQ1103641
(914) 346-8255
Source:
Searchhomesinlongisland
Added: Apr 11
Changed: Nov 8
Last Checked: Nov 8 at 6:58AM
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 RE/MAX Distinguished Hms.&Prop
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Investment Insights
Based on property information with market context.
This 2,269-square-foot duplex, built in 1901, contains two residences. The upper home spans the second and third floors, with three bedrooms, 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, living room, laundry room, and storage. Hardwood floors, closet space, and room-by-room heating and cooling are included; each unit has its own gas boiler. A driveway provides parking for two cars.
The property is zoned R7-2 and has 5,963 buildable residential square feet. Transit options include the #1 and A subway stations and express buses; shopping, schools, restaurants, parks, and major highways are also nearby.
The property is zoned R7-2 and has 5,963 buildable residential square feet. Transit options include the #1 and A subway stations and express buses; shopping, schools, restaurants, parks, and major highways are also nearby.
Key Highlights
- Two residences: a three‑bedroom, two‑bath upper home and a two‑bedroom, two‑bath apartment
- 2,269 square feet; built in 1901
- Driveway parking for 2 cars
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
$465,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in New York County, NY
Properties on Market for Duplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate heating and cooling systems serve each residence, with a finished lower-level apartment and laundry area.
Where is this duplex located?
The property is located at 292 Wadsworth Ave New York Manhattan, 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 residences: a three‑bedroom, two‑bath upper home and a two‑bedroom, two‑bath apartment; 2,269 square feet; built in 1901; Driveway parking for 2 cars
