Renovated Duplex with Outdoor
For Sale
Contact for pricing
6140 Delafield Avenue, Bronx, NY 10471
Fully renovated two-family residence with finished basement, garage, and flexible lower-level space.
Property Size3,850 SF
Days on Market551
Property Features for 6140 Delafield Avenue
General Information
Standard status
Active
Size
3,850 SF
Total Parking Spaces
3
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,154
Building Details
Building Size
3,850 SF
Year Built
1940
Buildings
1
Listing Agency:
RE/MAX In The City
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Totallywestchester
Added: Mar 6, 2025
Changed: Sep 6
Last Checked: Sep 8 at 10:39AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
This fully renovated duplex offers 3,850 square feet arranged across two residential levels and a finished above-ground basement. The first floor includes three bedrooms, two full bathrooms, an open living and dining area, and a windowed eat-in kitchen with stainless steel appliances, subway tile backsplash, and custom cabinetry. The second floor adds three bedrooms and two full bathrooms, including a bedroom with a private bath. Hardwood flooring, recessed lighting, ample closet storage, and a walk-in closet are among the interior features.
The lower level provides a family or entertainment room, private office, full bathroom, storage rooms, laundry area, and utility space. Exterior improvements include a covered terrace, open deck, gated entry, front yard, one-car garage, and a driveway accommodating up to two vehicles. The property is located on Delafield Avenue in Riverdale, near Van Cortlandt Park, shopping, dining, entertainment, major highways, and public transportation.
The lower level provides a family or entertainment room, private office, full bathroom, storage rooms, laundry area, and utility space. Exterior improvements include a covered terrace, open deck, gated entry, front yard, one-car garage, and a driveway accommodating up to two vehicles. The property is located on Delafield Avenue in Riverdale, near Van Cortlandt Park, shopping, dining, entertainment, major highways, and public transportation.
Key Highlights
- Fully renovated 3,850‑square‑foot duplex
- Six bedrooms and five full bathrooms
- Finished above‑ground basement with family room, office, bathroom, storage, laundry, and utility 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
$97,796
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
4.89%
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%
$1,955,920
$2.0M
Cap Rate 7%
$1,397,086
$1.4M
Cap Rate 9%
$1,086,622
$1.1M
Market Conditions
NOI Build-Up for 3,850 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
$147.8K $38.40/SF
− Vacancy
−$8.1K −$2.11/SF
EGI
$139.7K $36.29/SF
− OpEx
−$41.9K −$10.89/SF
NOI
$97.8K $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%
$1,955,920
Cap Rate 7%
$1,397,086
Cap Rate 9%
$1,086,622
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.22M – $1.63M
NOI $97,796 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,564 @ 7.0% cap · market cap 4.43%
Theoretical Best
Warehouse
$2.67M
$2.33M – $3.11M
NOI $186,745 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,679
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 - Fully renovated two-family residence with finished basement, garage, and flexible lower-level space.
Where is this duplex located?
The property is located at 6140 Delafield Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Fully renovated 3,850‑square‑foot duplex; Six bedrooms and five full bathrooms; Finished above‑ground basement with family room, office, bathroom, storage, laundry, and utility space
