Legal Two-Family
New
For Sale
$1,200,000
4558 Richardson Avenue, Bronx, NY 10470
Two three-bedroom units are complemented by a finished basement and two-car parking.
Property Size1,936 SF
Price / SF$619.83
Days on Market6
Property Features for 4558 Richardson Avenue
General Information
Standard status
Active
Size
1,936 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,579
Building Details
Building Size
1,936 SF
Year Built
1910
Buildings
1
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Garfield A. Bull
(646) 851-6799
Source:
Shawmetro
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 15 at 11:47AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
Built in 1910, this legal two-family residence at 4558 Richardson Avenue in the Bronx offers a three-bedroom-over-three-bedroom configuration. The property contains approximately 1,936 square feet, with two residential units arranged for separate household use.
A finished basement adds a bedroom and flexible additional space. Two-car parking is also included. The property is located near shopping, dining, schools, and parks, with access to the 2 and 5 subway lines, local bus routes, and Metro-North service.
A finished basement adds a bedroom and flexible additional space. Two-car parking is also included. The property is located near shopping, dining, schools, and parks, with access to the 2 and 5 subway lines, local bus routes, and Metro-North service.
Key Highlights
- Legal two‑family property with a three‑bedroom‑over‑three‑bedroom layout
- Approximately 1,936 square feet; built in 1910
- Finished basement includes one bedroom and additional flexible space
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
$49,177
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
4.10%
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%
$983,540
$983.5K
Cap Rate 7%
$702,529
$702.5K
Cap Rate 9%
$546,411
$546.4K
Market Conditions
NOI Build-Up for 1,936 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
$74.3K $38.40/SF
− Vacancy
−$4.1K −$2.11/SF
EGI
$70.3K $36.29/SF
− OpEx
−$21.1K −$10.89/SF
NOI
$49.2K $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%
$983,540
Cap Rate 7%
$702,529
Cap Rate 9%
$546,411
Alternative Uses
Best Use
Multifamily LT 5
$702.5K
$614.7K – $819.6K
NOI $49,177 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$636.2K
$556.7K – $742.3K
NOI $44,535 @ 7.0% cap · market cap 3.71%
Theoretical Best
Warehouse
$1.34M
$1.17M – $1.57M
NOI $93,906 @ 7.0% cap · market cap 7.83%
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
2,073
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
Check the figures for this property
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 - Two three-bedroom units are complemented by a finished basement and two-car parking.
Where is this duplex located?
The property is located at 4558 Richardson Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family property with a three‑bedroom‑over‑three‑bedroom layout; Approximately 1,936 square feet; built in 1910; Finished basement includes one bedroom and additional flexible space
