Vacant Two-Family
For Sale
$800,000
4456 Matilda Avenue, Bronx, NY 10470
Two residential units include a three-bedroom lower residence and a two-bedroom upper apartment.
Property Size2,510 SF
Days on Market63
Property Features for 4456 Matilda Avenue
General Information
Standard status
Active
Size
2,510 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,760
Amenities
attached garage
private driveway
backyard
Building Details
Building Size
2,510 SF
Year Built
1940
Buildings
1
Units
2
Listing Agency:
Kee Signature Realty LLC
(347) 465-7044
Listed By:
Rasheedah Brown
(347) 465-7044
Source:
Alexandermadisonhomes
Added: Jun 29
Changed: Aug 29
Last Checked: Aug 25 at 9:09AM
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 Kee Signature Realty LLC
Investment Insights
Based on property information with market context.
Located at 4456 Matilda Avenue in the Bronx, this two-family property was built in 1940 and will be delivered vacant. The lower residence is arranged as a duplex with three bedrooms and two full bathrooms. Above, the second apartment offers two bedrooms, a living room, separate dining room, eat-in kitchen, and full bathroom.
The property includes an attached garage, private driveway, and backyard. Its Wakefield setting places the home near schools, shopping, restaurants, and public transportation, with access to the subway, Metro-North, and major highways. The two-unit configuration supports owner occupancy with separate residential space for rental use or extended-family living.
The property includes an attached garage, private driveway, and backyard. Its Wakefield setting places the home near schools, shopping, restaurants, and public transportation, with access to the subway, Metro-North, and major highways. The two-unit configuration supports owner occupancy with separate residential space for rental use or extended-family living.
Key Highlights
- Two‑family property built in 1940 and delivered vacant
- Lower duplex includes three bedrooms and two full bathrooms
- Upper apartment has two bedrooms, living room, dining room, eat‑in kitchen, and full bathroom
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
$63,758
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
7.97%
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%
$1,275,160
$1.3M
Cap Rate 7%
$910,829
$910.8K
Cap Rate 9%
$708,422
$708.4K
Market Conditions
NOI Build-Up for 2,510 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
$96.4K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$91.1K $36.29/SF
− OpEx
−$27.3K −$10.89/SF
NOI
$63.8K $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%
$1,275,160
Cap Rate 7%
$910,829
Cap Rate 9%
$708,422
Alternative Uses
Best Use
Multifamily LT 5
$910.8K
$797.0K – $1.06M
NOI $63,758 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$824.8K
$721.7K – $962.3K
NOI $57,739 @ 7.0% cap · market cap 7.22%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,748 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10470, NY
16,686
Population
6,869
Households
2.4
Avg Household Size
38
Median Age
41%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
11,919
Density / Sq Mi
$81,134
Median Household Income
$54,227
Median Earnings
$1,656
Median Rent
$500,400
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 a three-bedroom lower residence and a two-bedroom upper apartment.
Where is this duplex located?
The property is located at 4456 Matilda Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two‑family property built in 1940 and delivered vacant; Lower duplex includes three bedrooms and two full bathrooms; Upper apartment has two bedrooms, living room, dining room, eat‑in kitchen, and full bathroom
