Two-Family Duplex
For Sale
$875,000
658 Beck Street, Bronx, NY 10455
Two residential units include a 2-bedroom apartment and a 3-bedroom duplex with additional living and office areas.
Property Size2,340 SF
Days on Market11
Property Features for 658 Beck Street
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,493
Amenities
private driveway
backyard
Building Details
Building Size
2,340 SF
Year Built
1990
Listing Agency:
Real Broker NY LLC
(646) 261-4698
Listed By:
Aileen Yambo · License #40YA1135606
Source:
Serhant
Added: Aug 5
Changed: Aug 14
Last Checked: Aug 15 at 12:25PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
Built in 1990, this two-family property combines a 2-bedroom apartment with a 3-bedroom, 1.5-bathroom duplex. The duplex also includes an extra family room and office, while separate utilities support distinct residential setups. A private driveway and backyard add functional exterior space to the property.
The home is located on Beck Street in the Bronx, near public transportation, major highways, schools, shopping, and restaurants. The configuration includes both a conventional apartment and a larger duplex residence within the same property.
The home is located on Beck Street in the Bronx, near public transportation, major highways, schools, shopping, and restaurants. The configuration includes both a conventional apartment and a larger duplex residence within the same property.
Key Highlights
- 2‑bedroom apartment plus 3‑bedroom duplex
- Duplex includes 1.5 bathrooms, an extra family room, and an office
- Separate utilities for the two residential units
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
$59,440
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
6.79%
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%
$1,188,800
$1.2M
Cap Rate 7%
$849,143
$849.1K
Cap Rate 9%
$660,444
$660.4K
Market Conditions
NOI Build-Up for 2,340 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
$89.9K $38.40/SF
− Vacancy
−$4.9K −$2.11/SF
EGI
$84.9K $36.29/SF
− OpEx
−$25.5K −$10.89/SF
NOI
$59.4K $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%
$1,188,800
Cap Rate 7%
$849,143
Cap Rate 9%
$660,444
Alternative Uses
Best Use
Multifamily LT 5
$849.1K
$743.0K – $990.7K
NOI $59,440 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$769.0K
$672.9K – $897.2K
NOI $53,829 @ 7.0% cap · market cap 6.15%
Theoretical Best
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,502 @ 7.0% cap · market cap 12.97%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 10455, NY
43,804
Population
16,608
Households
2.6
Avg Household Size
33
Median Age
16%
College-Educated
69%
High-School Grad
0.7 sq mi
ZIP Area
62,577
Density / Sq Mi
$36,701
Median Household Income
$33,892
Median Earnings
$1,130
Median Rent
$348,700
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 residential units include a 2-bedroom apartment and a 3-bedroom duplex with additional living and office areas.
Where is this duplex located?
The property is located at 658 Beck Street Bronx, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2‑bedroom apartment plus 3‑bedroom duplex; Duplex includes 1.5 bathrooms, an extra family room, and an office; Separate utilities for the two residential units
