Two-Family Residence with
For Sale
$799,000
4159 Wilder Ave, Bronx, NY 10466
Legally configured income property with flexible two-unit or single-residence use and a detached garage.
Property Size2,304 SF
Lot Size0.14 Acres
Price / SF$346.79
Days on Market26
Property Features for 4159 Wilder Ave
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Iconic Pros
Listed By:
Evelyn Garcia · License #1.04E+11
(917) 667-5719
Source:
Searchhomesinlongisland
Added: Aug 28
Changed: Sep 11
Last Checked: Sep 21 at 7:17AM
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 Iconic Pros
Investment Insights
Based on property information with market context.
Located at 4159 Wilder Avenue in the Wakefield section of the Bronx, this 2,304-square-foot residence is legally arranged as two one-bedroom, one-bath units and is currently used as a single-family home. The layout offers flexibility for continued single-residence occupancy or a return to the approved two-family configuration.
The property includes the primary 25-by-95 lot and the contiguous parcel at 4161 Wilder Avenue, which measures 40 by 95 and carries its own annual property tax. A detached two-car garage adds useful on-site parking and storage. Interior features include hardwood flooring, radiator heat, window A/C, gas cooking, an upgraded oil tank, and a hot water heater installed one year ago. The property is near shops, restaurants, schools, parks, transit, and major highways.
The property includes the primary 25-by-95 lot and the contiguous parcel at 4161 Wilder Avenue, which measures 40 by 95 and carries its own annual property tax. A detached two-car garage adds useful on-site parking and storage. Interior features include hardwood flooring, radiator heat, window A/C, gas cooking, an upgraded oil tank, and a hot water heater installed one year ago. The property is near shops, restaurants, schools, parks, transit, and major highways.
Key Highlights
- Legal two‑family configuration with two one‑bedroom, one‑bath units
- 2,304 square feet of living area
- Two separate tax lots: 25 by 95 and contiguous 40 by 95 parcels
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
$58,525
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
7.32%
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%
$1,170,500
$1.2M
Cap Rate 7%
$836,071
$836.1K
Cap Rate 9%
$650,278
$650.3K
Market Conditions
NOI Build-Up for 2,304 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
$88.5K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$83.6K $36.29/SF
− OpEx
−$25.1K −$10.89/SF
NOI
$58.5K $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%
$1,170,500
Cap Rate 7%
$836,071
Cap Rate 9%
$650,278
Alternative Uses
Best Use
Multifamily LT 5
$836.1K
$731.6K – $975.4K
NOI $58,525 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$757.1K
$662.5K – $883.3K
NOI $53,000 @ 7.0% cap · market cap 6.63%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,756 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 10466, NY
70,420
Population
26,303
Households
2.7
Avg Household Size
38
Median Age
26%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
35,210
Density / Sq Mi
$66,328
Median Household Income
$44,053
Median Earnings
$1,528
Median Rent
$605,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legally configured income property with flexible two-unit or single-residence use and a detached garage.
Where is this duplex located?
The property is located at 4159 Wilder Ave Bronx, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Legal two‑family configuration with two one‑bedroom, one‑bath units; 2,304 square feet of living area; Two separate tax lots: 25 by 95 and contiguous 40 by 95 parcels
