Duplex with Finished
For Sale
$899,000
4378 Richardson Avenue, Bronx, NY 10466
Separate upper and garden-level homes offer distinct living arrangements within one detached property.
Property Size2,856 SF
Lot Size0.13 Acres
Price / SF$314.78
Days on Market26
Property Features for 4378 Richardson Avenue
General Information
Standard status
Active
Size
2,856 SF
Total Parking Spaces
4
Lot size
0.13 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,110
Amenities
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Formal Dining
His and Hers Closets
Building Details
Building Size
2,856 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Keller Williams Realty NYC Grp
(718) 697-6800
Listed By:
Lorenzo Holloman
(347) 322-9215
Source:
Croninreale
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 5:23PM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this detached duplex contains 2,856 square feet across two residences. The upper unit has three bedrooms and one bathroom; the garden-level unit has two bedrooms and one bathroom. A finished basement with high ceilings and both interior and exterior entry adds usable area. The property occupies a 50' × 115' lot.
The #2 train is nearby, with access to the Bronx River Parkway, Major Deegan Expressway, and Hutchinson River Parkway. Shopping, parks, schools, and restaurants are also in the surrounding area.
The #2 train is nearby, with access to the Bronx River Parkway, Major Deegan Expressway, and Hutchinson River Parkway. Shopping, parks, schools, and restaurants are also in the surrounding area.
Key Highlights
- Detached two‑family property with 2,856 square feet
- Upper residence: 3 bedrooms and 1 bathroom
- Garden‑level residence: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,547
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,940
$1.5M
Cap Rate 7%
$1,036,386
$1.0M
Cap Rate 9%
$806,078
$806.1K
Market Conditions
NOI Build-Up for 2,856 SF
Gross rent
$109.7K $38.40/SF
− Vacancy
−$6.0K −$2.11/SF
EGI
$103.6K $36.29/SF
− OpEx
−$31.1K −$10.89/SF
NOI
$72.5K $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 Rate 5%
$1,450,940
Cap Rate 7%
$1,036,386
Cap Rate 9%
$806,078
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.8K – $1.21M
NOI $72,547 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$938.5K
$821.2K – $1.09M
NOI $65,698 @ 7.0% cap · market cap 7.31%
Theoretical Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,531 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,067
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and garden-level homes offer distinct living arrangements within one detached property.
Where is this duplex located?
The property is located at 4378 Richardson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Detached two‑family property with 2,856 square feet; Upper residence: 3 bedrooms and 1 bathroom; Garden‑level residence: 2 bedrooms and 1 bathroom
