Two-Unit Duplex
For Sale
$849,000
3529 Laconia Avenue, Bronx, NY 10469
R5D-zoned duplex with updated roof, hot water tank, and boiler serving two residential units.
Property Size2,288 SF
Days on Market137
Property Features for 3529 Laconia Avenue
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Commercial
Zoning
R5D
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,143
Building Details
Building Size
2,288 SF
Year Built
1950
Units
2
Listing Agency:
Globalstrans Properties LLC
(917) 418-8486
Listed By:
Owen A. Barrett
(917) 418-8486
Source:
Maurafinnegan
Added: Apr 15
Changed: Aug 28
Last Checked: Aug 25 at 9:23AM
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 Globalstrans Properties LLC
Investment Insights
Based on property information with market context.
This Bronx duplex contains two residential units with a combined five bedrooms and two bathrooms. Built in 1950, the property has a roof replaced 5 years ago and a hot water tank replaced 2 years ago. The boiler was replaced in 2003, providing documented updates to major building systems.
Located at 3529 Laconia Avenue, the property is near shopping, dining, schools, and public transportation. R5D zoning applies to the site. The two-unit configuration supports separate residential occupancy within a single multifamily property.
Located at 3529 Laconia Avenue, the property is near shopping, dining, schools, and public transportation. R5D zoning applies to the site. The two-unit configuration supports separate residential occupancy within a single multifamily property.
Key Highlights
- Two residential units with a combined 5 bedrooms and 2 bathrooms
- R5D zoning
- Roof replaced 5 years ago
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
$58,119
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
6.85%
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%
$1,162,380
$1.2M
Cap Rate 7%
$830,271
$830.3K
Cap Rate 9%
$645,767
$645.8K
Market Conditions
NOI Build-Up for 2,288 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
$87.9K $38.40/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$83.0K $36.29/SF
− OpEx
−$24.9K −$10.89/SF
NOI
$58.1K $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%
$1,162,380
Cap Rate 7%
$830,271
Cap Rate 9%
$645,767
Alternative Uses
Best Use
Multifamily LT 5
$830.3K
$726.5K – $968.7K
NOI $58,119 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$751.9K
$657.9K – $877.2K
NOI $52,632 @ 7.0% cap · market cap 6.20%
Theoretical Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $110,980 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,765
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R5D-zoned duplex with updated roof, hot water tank, and boiler serving two residential units.
Where is this duplex located?
The property is located at 3529 Laconia Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two residential units with a combined 5 bedrooms and 2 bathrooms; R5D zoning; Roof replaced 5 years ago
