Duplex with Outdoor
For Sale
$1,699,500
5612 DELAFIELD Avenue, Bronx, NY 10471
Renovated two-family property with detailed interior updates and substantial outdoor entertaining features.
Property Size4,680 SF
Lot Size0.11 Acres
Price / SF$363.14
Days on Market63
Property Features for 5612 DELAFIELD Avenue
General Information
Standard status
Active
Size
4,680 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,004
Amenities
wood-burning fireplace
deck
outdoor kitchen
paved patio
whirlpool tub
walk-in shower
skylights
washer/dryer
Building Details
Building Size
4,680 SF
Year Built
1920
Buildings
1
Listing Agency:
Brown Harris Stevens Riverdale LLC
(718) 878-1921
Listed By:
Lee Moskof
(718) 878-1921
Source:
Howardhannanyc
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 10 at 9:23AM
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 Brown Harris Stevens Riverdale LLC
Investment Insights
Based on property information with market context.
Built in 1920 and situated on a 5,000-square-foot lot, this 4,680-square-foot duplex has been renovated and carefully maintained. The first-floor rental apartment includes a living room with a wood-burning fireplace, kitchen, two to three bedrooms, and two full baths. The owner's residence spans the second and third floors, with a quartz-countertop kitchen, high-end stainless steel appliances, dining and living rooms, a second wood-burning fireplace, deck access, a primary suite with dressing area, walk-in and cedar closets, two full baths, dormered bedrooms, skylights, and under-eaves storage. The lower level includes a bath, laundry setup, storage, and an additional renovated apartment with a living room, kitchen, bedroom, bonus room, and full bath.
Outdoor improvements include a paved backyard patio and a fully equipped kitchen with grill, two burners, sink, refrigerator, gas fireplace, and storage. The property is located at 5612 DELAFIELD Avenue in Bronx, NY 10471, on a quiet street in North Riverdale.
Outdoor improvements include a paved backyard patio and a fully equipped kitchen with grill, two burners, sink, refrigerator, gas fireplace, and storage. The property is located at 5612 DELAFIELD Avenue in Bronx, NY 10471, on a quiet street in North Riverdale.
Key Highlights
- 4,680‑square‑foot duplex on a 5,000‑square‑foot lot
- Built in 1920 and renovated throughout
- First‑floor rental apartment with 2 to 3 bedrooms and 2 baths
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
$118,879
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
6.99%
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%
$2,377,580
$2.4M
Cap Rate 7%
$1,698,271
$1.7M
Cap Rate 9%
$1,320,878
$1.3M
Market Conditions
NOI Build-Up for 4,680 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
$179.7K $38.40/SF
− Vacancy
−$9.9K −$2.11/SF
EGI
$169.8K $36.29/SF
− OpEx
−$50.9K −$10.89/SF
NOI
$118.9K $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%
$2,377,580
Cap Rate 7%
$1,698,271
Cap Rate 9%
$1,320,878
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.49M – $1.98M
NOI $118,879 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.79M
NOI $107,657 @ 7.0% cap · market cap 6.33%
Theoretical Best
Warehouse
$3.24M
$2.84M – $3.78M
NOI $227,004 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
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 - Renovated two-family property with detailed interior updates and substantial outdoor entertaining features.
Where is this duplex located?
The property is located at 5612 DELAFIELD Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,699,500.
What are key features of this property?
This property features: 4,680‑square‑foot duplex on a 5,000‑square‑foot lot; Built in 1920 and renovated throughout; First‑floor rental apartment with 2 to 3 bedrooms and 2 baths
