Brick Duplex
For Sale
$774,000
4612 Monticello Avenue, Bronx, NY 10466
Two-unit brick residence with a three-bedroom, one-bath layout in each unit.
Property Size2,764 SF
Price / SF$280.03
Days on Market134
Property Features for 4612 Monticello Avenue
General Information
Standard status
Active
Size
2,764 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,873
Building Details
Building Size
2,764 SF
Year Built
1915
Construction
brick
Listing Agency:
REALHome Services & Solutions
(949) 233-3625
Listed By:
Neven Spralja · License #01007678
Source:
Shawmetro
Added: Apr 3
Changed: Aug 5
Last Checked: Aug 13 at 11:14AM
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 REALHome Services & Solutions
Investment Insights
Based on property information with market context.
This duplex is a brick multifamily property constructed in 1915, offering 2,764 square feet of total property size. Both units follow the same layout, with three bedrooms and one bathroom apiece. The property is being offered in its existing condition, with buyer due diligence required before bidding and an AS-IS contract for the successful bidder.
The property is located at 4612 Monticello Avenue in the Bronx, NY 10466. Area attractions identified in the property information include the New York Botanical Garden, Bronx Zoo, and Yankee Stadium.
The property is located at 4612 Monticello Avenue in the Bronx, NY 10466. Area attractions identified in the property information include the New York Botanical Garden, Bronx Zoo, and Yankee Stadium.
Key Highlights
- Duplex with 2,764 square feet of property size
- Each unit includes 3 bedrooms and 1 bath
- Brick multifamily property built in 1915
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
$70,210
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
9.07%
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%
$1,404,200
$1.4M
Cap Rate 7%
$1,003,000
$1.0M
Cap Rate 9%
$780,111
$780.1K
Market Conditions
NOI Build-Up for 2,764 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
$106.1K $38.40/SF
− Vacancy
−$5.8K −$2.11/SF
EGI
$100.3K $36.29/SF
− OpEx
−$30.1K −$10.89/SF
NOI
$70.2K $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%
$1,404,200
Cap Rate 7%
$1,003,000
Cap Rate 9%
$780,111
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.6K – $1.17M
NOI $70,210 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$908.3K
$794.8K – $1.06M
NOI $63,582 @ 7.0% cap · market cap 8.21%
Theoretical Best
Warehouse
$1.92M
$1.68M – $2.23M
NOI $134,068 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,218
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 - Two-unit brick residence with a three-bedroom, one-bath layout in each unit.
Where is this duplex located?
The property is located at 4612 Monticello Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $774,000.
What are key features of this property?
This property features: Duplex with 2,764 square feet of property size; Each unit includes 3 bedrooms and 1 bath; Brick multifamily property built in 1915
