Duplex with Finished
For Sale
$1,020,000
4227 Baychester Avenue, Bronx, NY 10466
Two residential units include private outdoor space, a finished basement, backyard, and attached garage.
Property Size3,198 SF
Days on Market69
Property Features for 4227 Baychester Avenue
General Information
Standard status
Active
Size
3,198 SF
Total Parking Spaces
1
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,265
Building Details
Building Size
3,198 SF
Year Built
1960
Units
2
Listing Agency:
Keller Williams Realty NYC Grp
(646) 554-8371
Listed By:
Cheryl Ryan
(646) 554-8371
Source:
Alexandermadisonhomes
Added: Jun 23
Changed: Aug 29
Last Checked: Aug 25 at 9:08AM
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.
This duplex, built in 1960, contains two residential units, each with 3 bedrooms and 1.5 baths. The first-floor unit includes a balcony, while the finished basement adds adaptable space for a rec room, home office, gym, or creative studio. An attached 1-car garage and backyard complete the property’s physical features.
Located at 4227 Baychester Avenue in the Bronx, NY 10466, the property provides a two-unit configuration with additional basement and outdoor areas. The layout supports separate household living within one structure, with the upper and lower residences offering matching bedroom and bath counts.
Located at 4227 Baychester Avenue in the Bronx, NY 10466, the property provides a two-unit configuration with additional basement and outdoor areas. The layout supports separate household living within one structure, with the upper and lower residences offering matching bedroom and bath counts.
Key Highlights
- Two‑family duplex with two 3‑bedroom, 1.5‑bath units
- Finished basement suitable for a rec room, home office, gym, or creative studio
- First‑floor unit includes a balcony
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
$81,234
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
7.96%
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%
$1,624,680
$1.6M
Cap Rate 7%
$1,160,486
$1.2M
Cap Rate 9%
$902,600
$902.6K
Market Conditions
NOI Build-Up for 3,198 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
$122.8K $38.40/SF
− Vacancy
−$6.8K −$2.11/SF
EGI
$116.0K $36.29/SF
− OpEx
−$34.8K −$10.89/SF
NOI
$81.2K $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%
$1,624,680
Cap Rate 7%
$1,160,486
Cap Rate 9%
$902,600
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,234 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$1.05M
$919.6K – $1.23M
NOI $73,566 @ 7.0% cap · market cap 7.21%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,119 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,890
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
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 - Two residential units include private outdoor space, a finished basement, backyard, and attached garage.
Where is this duplex located?
The property is located at 4227 Baychester Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Two‑family duplex with two 3‑bedroom, 1.5‑bath units; Finished basement suitable for a rec room, home office, gym, or creative studio; First‑floor unit includes a balcony
