Two-Family Duplex
New
For Sale
$929,000
451 W 258th Street, Bronx, NY 10471
Legal two-family property with a four-bedroom duplex, separate one-bedroom apartment, private parking, and substantial outdoor space.
Property Size1,950 SF
Price / SF$476.41
Days on Market6
Property Features for 451 W 258th Street
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA duplex, 1 x 1BR apartment
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,265
Amenities
private driveway
in-unit laundry
deck
expansive side yard
Building Details
Building Size
1,950 SF
Year Built
1930
Listing Agency:
Double C Realty
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Shawmetro
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 21 at 6:48AM
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 Double C Realty
Investment Insights
Based on property information with market context.
Built in 1930, this 1,950-square-foot legal two-family residence combines a four-bedroom, two-bath duplex on the first floor with a separate one-bedroom apartment on the lower level. The main unit includes an eat-in kitchen, living room, in-unit laundry, walk-in closet, and a newly renovated bathroom. The lower apartment has its own entrance, creating a clearly separated second living arrangement.
The property occupies a corner lot at 451 W 258th Street in the Bronx and includes a private driveway, expansive side yard, and deck. Public transportation, major highways, parks, shopping, and Manhattan are all described as being nearby, providing access to a range of daily services and commuting routes. The two-unit layout and outdoor areas support both household use and rental occupancy within the same residence.
The property occupies a corner lot at 451 W 258th Street in the Bronx and includes a private driveway, expansive side yard, and deck. Public transportation, major highways, parks, shopping, and Manhattan are all described as being nearby, providing access to a range of daily services and commuting routes. The two-unit layout and outdoor areas support both household use and rental occupancy within the same residence.
Key Highlights
- Legal 2‑family residence with a 4‑bedroom, 2‑bath first‑floor duplex
- Separate 1‑bedroom lower‑level apartment with its own entrance
- 1,950 square feet on a corner lot
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
$49,533
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
5.33%
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%
$990,660
$990.7K
Cap Rate 7%
$707,614
$707.6K
Cap Rate 9%
$550,367
$550.4K
Market Conditions
NOI Build-Up for 1,950 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
$74.9K $38.40/SF
− Vacancy
−$4.1K −$2.11/SF
EGI
$70.8K $36.29/SF
− OpEx
−$21.2K −$10.89/SF
NOI
$49.5K $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%
$990,660
Cap Rate 7%
$707,614
Cap Rate 9%
$550,367
Alternative Uses
Best Use
Multifamily LT 5
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$640.8K
$560.7K – $747.6K
NOI $44,857 @ 7.0% cap · market cap 4.83%
Theoretical Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,585 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 10471, NY
25,121
Population
9,453
Households
2.7
Avg Household Size
44
Median Age
58%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
14,777
Density / Sq Mi
$108,738
Median Household Income
$65,261
Median Earnings
$1,729
Median Rent
$406,500
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 property with a four-bedroom duplex, separate one-bedroom apartment, private parking, and substantial outdoor space.
Where is this duplex located?
The property is located at 451 W 258th Street Bronx, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Legal 2‑family residence with a 4‑bedroom, 2‑bath first‑floor duplex; Separate 1‑bedroom lower‑level apartment with its own entrance; 1,950 square feet on a corner lot
