Brick Two-Family
For Sale
$770,000
4607 Wilder Avenue, Bronx, NY 10466
Semidetached residential property with a three-bedroom owner’s unit and separate one-bedroom apartment.
Property Size2,665 SF
Days on Market68
Property Features for 4607 Wilder Avenue
General Information
Standard status
Active
Size
2,665 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR duplex, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,403
Amenities
balcony
backyard
separate entrance
Building Details
Building Size
2,665 SF
Year Built
1960
Units
2
Construction
brick
Listing Agency:
YourHomeSold Guaranteed Realty
(718) 324-6060
Listed By:
Earl A. Pennant
(914) 806-8934
Source:
Cohenandcohenrealty
Added: Jun 29
Changed: Sep 4
Last Checked: Sep 3 at 1:07PM
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.
This legal two-family semidetached brick residence includes an owner’s duplex and a separate one-bedroom apartment with its own entrance. The primary unit provides a living room, formal dining area, eat-in kitchen, three bedrooms, and a full bathroom across two levels. A rear balcony connects to the kitchen and overlooks the backyard, adding outdoor space to the main residence.
The property is located in Wakefield in the Bronx, near Metro-North service, major highways, public transportation, schools, parks, and Cross County Mall. Restaurants, cafés, and other neighborhood businesses are also nearby. Built in 1960, the separate apartment can accommodate rental occupancy, extended household use, or guests, subject to applicable requirements.
The property is located in Wakefield in the Bronx, near Metro-North service, major highways, public transportation, schools, parks, and Cross County Mall. Restaurants, cafés, and other neighborhood businesses are also nearby. Built in 1960, the separate apartment can accommodate rental occupancy, extended household use, or guests, subject to applicable requirements.
Key Highlights
- Legal two‑family semidetached brick residence
- Owner’s duplex includes 3 bedrooms, living room, dining area, eat‑in kitchen, and full bath
- Separate 1‑bedroom apartment with its own entrance
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
$67,695
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
8.79%
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%
$1,353,900
$1.4M
Cap Rate 7%
$967,071
$967.1K
Cap Rate 9%
$752,167
$752.2K
Market Conditions
NOI Build-Up for 2,665 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
$102.3K $38.40/SF
− Vacancy
−$5.6K −$2.11/SF
EGI
$96.7K $36.29/SF
− OpEx
−$29.0K −$10.89/SF
NOI
$67.7K $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%
$1,353,900
Cap Rate 7%
$967,071
Cap Rate 9%
$752,167
Alternative Uses
Best Use
Multifamily LT 5
$967.1K
$846.2K – $1.13M
NOI $67,695 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$875.8K
$766.3K – $1.02M
NOI $61,305 @ 7.0% cap · market cap 7.96%
Theoretical Best
Warehouse
$1.85M
$1.62M – $2.15M
NOI $129,266 @ 7.0% cap · market cap 16.79%
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
2,230
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 - Semidetached residential property with a three-bedroom owner’s unit and separate one-bedroom apartment.
Where is this duplex located?
The property is located at 4607 Wilder Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Legal two‑family semidetached brick residence; Owner’s duplex includes 3 bedrooms, living room, dining area, eat‑in kitchen, and full bath; Separate 1‑bedroom apartment with its own entrance
