Detached Duplex with
For Sale
$625,000
4346 Edson Avenue, Bronx, NY 10466
Legal two-family residence with separate apartments, finished lower-level space, and shared driveway access.
Property Size1,908 SF
Price / SF$327.57
Days on Market8
Property Features for 4346 Edson Avenue
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Duplex
Zoning
R4
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,051
Building Details
Building Size
1,908 SF
Year Built
1925
Buildings
1
Listing Agency:
Keller Williams Realty Group
(929) 291-9133
Listed By:
Jampa Nyandak · License #10401365196
Source:
Shawmetro
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 11 at 12:32PM
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 Group
Investment Insights
Based on property information with market context.
This fully detached duplex, built in 1925, contains a 3-bedroom apartment above a 2-bedroom apartment within 1,908 square feet. The legal two-family residence also includes a finished walk-out basement and shared driveway. The property is located in an R4 residential zoning district and requires updates, offering a substantial existing layout for customization.
The home is positioned near the White Plains Road and East 233rd Street corridor, with grocery markets, delis, cafes, restaurants, schools, and shopping nearby. Transit options include the BX16, BX31, and 60 bus lines, 2/5 subway service at 233rd Street, Nereid Avenue, and Wakefield-241st Street, and Metro-North Harlem Line stations at Woodlawn and Wakefield. The Bronx River Parkway, I-87 Major Deegan, and Cross County Parkway provide regional highway access.
The home is positioned near the White Plains Road and East 233rd Street corridor, with grocery markets, delis, cafes, restaurants, schools, and shopping nearby. Transit options include the BX16, BX31, and 60 bus lines, 2/5 subway service at 233rd Street, Nereid Avenue, and Wakefield-241st Street, and Metro-North Harlem Line stations at Woodlawn and Wakefield. The Bronx River Parkway, I-87 Major Deegan, and Cross County Parkway provide regional highway access.
Key Highlights
- Legal two‑family duplex with 3‑bedroom and 2‑bedroom apartments
- 1,908 square feet of building area
- Finished walk‑out basement
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
$48,466
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
7.75%
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%
$969,320
$969.3K
Cap Rate 7%
$692,371
$692.4K
Cap Rate 9%
$538,511
$538.5K
Market Conditions
NOI Build-Up for 1,908 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
$73.3K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$69.2K $36.29/SF
− OpEx
−$20.8K −$10.89/SF
NOI
$48.5K $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%
$969,320
Cap Rate 7%
$692,371
Cap Rate 9%
$538,511
Alternative Uses
Best Use
Multifamily LT 5
$692.4K
$605.8K – $807.8K
NOI $48,466 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$627.0K
$548.6K – $731.5K
NOI $43,891 @ 7.0% cap · market cap 7.02%
Theoretical Best
Warehouse
$1.32M
$1.16M – $1.54M
NOI $92,548 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,961
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 - Legal two-family residence with separate apartments, finished lower-level space, and shared driveway access.
Where is this duplex located?
The property is located at 4346 Edson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Legal two‑family duplex with 3‑bedroom and 2‑bedroom apartments; 1,908 square feet of building area; Finished walk‑out basement
