Well-Appointed Two-Family
For Sale
$785,000
Pending
3234 Colden Avenue, Bronx, NY 10469
A well maintained two-family home with updated kitchens and bathrooms, stainless steel appliances, garage, and outdoor space.
Property Size1,610 SF
Days on Market67
Property Features for 3234 Colden Avenue
General Information
Standard status
Pending
Size
1,610 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,257
Amenities
front porch
Building Details
Building Size
1,610 SF
Year Built
1945
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty NYC Grp
Listed By:
Kenneth Fuentes · License #10401214433
(718) 697-6800
Source:
Shawmetro
Added: Jul 20
Changed: Sep 12
Last Checked: Sep 24 at 6:30PM
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 Keller Williams Realty NYC Grp
Investment Insights
Based on property information with market context.
Well maintained two-family duplex featuring a two-bedroom apartment with 1.5 baths over a two-bedroom apartment with 1 full bath. The home includes updated bathrooms and kitchens with stainless steel appliances. Additional improvements and features include a gas boiler, a front porch, and front and backyard space.
The property is located at 3234 Colden Avenue in the Bronx, NY 10469. It is minutes from the Bronx River Pkwy and about two blocks from public transportation along Boston Rd and Gun Hill Rd. The home is also within a couple of blocks of shopping on White Plains Rd and Gun Hill Rd. Home will be delivered vacant.
Built in 1945, the duplex also offers a garage and driveway sized to fit two vehicles, supporting convenient on-site parking.
The property is located at 3234 Colden Avenue in the Bronx, NY 10469. It is minutes from the Bronx River Pkwy and about two blocks from public transportation along Boston Rd and Gun Hill Rd. The home is also within a couple of blocks of shopping on White Plains Rd and Gun Hill Rd. Home will be delivered vacant.
Built in 1945, the duplex also offers a garage and driveway sized to fit two vehicles, supporting convenient on-site parking.
Key Highlights
- Two‑bedroom over two‑bedroom duplex with 1.5 baths and 1 full bath
- Updated kitchens and bathrooms with stainless steel appliances
- Gas boiler plus front porch, front yard, and backyard
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
$40,897
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
5.21%
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%
$817,940
$817.9K
Cap Rate 7%
$584,243
$584.2K
Cap Rate 9%
$454,411
$454.4K
Market Conditions
NOI Build-Up for 1,610 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
$61.8K $38.40/SF
− Vacancy
−$3.4K −$2.11/SF
EGI
$58.4K $36.29/SF
− OpEx
−$17.5K −$10.89/SF
NOI
$40.9K $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%
$817,940
Cap Rate 7%
$584,243
Cap Rate 9%
$454,411
Alternative Uses
Best Use
Multifamily LT 5
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$529.1K
$463.0K – $617.3K
NOI $37,036 @ 7.0% cap · market cap 4.72%
Theoretical Best
Warehouse
$1.12M
$976.2K – $1.30M
NOI $78,093 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,861
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A well maintained two-family home with updated kitchens and bathrooms, stainless steel appliances, garage, and outdoor space.
Where is this duplex located?
The property is located at 3234 Colden Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑bedroom over two‑bedroom duplex with 1.5 baths and 1 full bath; Updated kitchens and bathrooms with stainless steel appliances; Gas boiler plus front porch, front yard, and backyard
