Vacant Two-Family Brick
New
For Sale
$699,999
4337 Wilder Avenue, Bronx, NY 10466
Legal two-family home with separate living spaces and vacant delivery.
Property Size1,574 SF
Price / SF$444.73
Days on Market6
Property Features for 4337 Wilder Avenue
General Information
Standard status
Active
Size
1,574 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,189
Building Details
Building Size
1,574 SF
Year Built
1945
Buildings
1
Construction
brick
Listing Agency:
Real Broker NY LLC
Listed By:
Emanuel Ochoa · License #10301223673
(914) 247-2632
Source:
Shawmetro
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 8:20AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This semi-attached brick duplex contains two residential units, with a two-bedroom apartment positioned above a one-bedroom apartment. The property totals 1,574 square feet and was built in 1945. Hardwood flooring, natural light, and distinct living areas serve each unit, while vacant delivery provides flexibility for an owner-occupant or investor.
The home is situated near White Plains Road, neighborhood shops, bus service, the Wakefield-241st Street 2 train station, Metro-North service, and nearby parks. Its Wakefield setting provides transit connections toward the Bronx, Manhattan, and lower Westchester. The legal two-family configuration supports separate residential use within one property.
The home is situated near White Plains Road, neighborhood shops, bus service, the Wakefield-241st Street 2 train station, Metro-North service, and nearby parks. Its Wakefield setting provides transit connections toward the Bronx, Manhattan, and lower Westchester. The legal two-family configuration supports separate residential use within one property.
Key Highlights
- Legal two‑family brick home with two residential units
- 2‑bedroom apartment over a 1‑bedroom apartment
- 1,574 square feet; built in 1945
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
$39,982
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
5.71%
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%
$799,640
$799.6K
Cap Rate 7%
$571,171
$571.2K
Cap Rate 9%
$444,244
$444.2K
Market Conditions
NOI Build-Up for 1,574 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
$60.4K $38.40/SF
− Vacancy
−$3.3K −$2.11/SF
EGI
$57.1K $36.29/SF
− OpEx
−$17.1K −$10.89/SF
NOI
$40.0K $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%
$799,640
Cap Rate 7%
$571,171
Cap Rate 9%
$444,244
Alternative Uses
Best Use
Multifamily LT 5
$571.2K
$499.8K – $666.4K
NOI $39,982 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$517.3K
$452.6K – $603.5K
NOI $36,208 @ 7.0% cap · market cap 5.17%
Theoretical Best
Warehouse
$1.09M
$954.3K – $1.27M
NOI $76,347 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,573
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
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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 - Legal two-family home with separate living spaces and vacant delivery.
Where is this duplex located?
The property is located at 4337 Wilder Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Legal two‑family brick home with two residential units; 2‑bedroom apartment over a 1‑bedroom apartment; 1,574 square feet; built in 1945
