Building Details

Building Size 3,198 SF

Year Built 1960

Listing Agency: Keller Williams Realty NYC Grp

Listed By: Cheryl Ryan Show Phone

Source: Shawmetro

Added: Jun 23 Changed: Oct 8 Last Checked: Oct 15 at 8:02AM

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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.

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 / Yr

$81,234

Cap Rate

7.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,624,680 $1.6M

Cap Rate 7%

$1,160,486 $1.2M

Cap Rate 9%

$902,600 $902.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,198 SF

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 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 (±1% cap)

NOI $81,234 @ 7.0% cap · market cap 7.96%

Second Best

Apartment 5plus

$1.05M

$919.6K – $1.23M (±1% cap)

NOI $73,566 @ 7.0% cap · market cap 7.21%

Theoretical Best

Warehouse

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,119 @ 7.0% cap · market cap 15.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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