Vacant Duplex With
For Sale
$759,999
849 E 219th Street, Bronx, NY 10467
Two residential units, a finished lower level, backyard, solar panels, and detached parking provide flexible occupancy options.
Property Size1,746 SF
Price / SF$435.28
Days on Market9
Property Features for 849 E 219th Street
General Information
Standard status
Active
Size
1,746 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,124
Amenities
backyard
finished lower level
solar panels
Building Details
Building Size
1,746 SF
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Hudson Valley
(646) 823-2618
Listed By:
Jason Henry · License #10401327355
Source:
Shawmetro
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 1:06PM
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 Keller Williams Hudson Valley
Investment Insights
Based on property information with market context.
This 1,746-square-foot duplex at 849 E 219th Street includes two residential units and a finished lower level. The property will be delivered fully vacant, offering flexibility for an owner-occupant or renovation-oriented buyer. Additional improvements include a backyard, a detached one-car garage, and a new roof with solar panels. Built in 1915, the home provides a compact residential income configuration with storage, parking, and additional interior space.
The property is located in the Wakefield section of the Bronx, near public transportation, neighborhood shopping, local services, and major roadways. Its two-unit layout supports separate occupancy arrangements, while the finished lower level adds usable space for storage, recreation, or a home office.
The property is located in the Wakefield section of the Bronx, near public transportation, neighborhood shopping, local services, and major roadways. Its two-unit layout supports separate occupancy arrangements, while the finished lower level adds usable space for storage, recreation, or a home office.
Key Highlights
- Two‑unit duplex with 1,746 square feet
- Delivered fully vacant
- Finished lower level for storage, recreation, or home office use
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
$42,511
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
5.59%
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%
$850,220
$850.2K
Cap Rate 7%
$607,300
$607.3K
Cap Rate 9%
$472,344
$472.3K
Market Conditions
NOI Build-Up for 1,746 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
$65.0K $37.20/SF
− Vacancy
−$4.2K −$2.42/SF
EGI
$60.7K $34.78/SF
− OpEx
−$18.2K −$10.43/SF
NOI
$42.5K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /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%
$850,220
Cap Rate 7%
$607,300
Cap Rate 9%
$472,344
Alternative Uses
Best Use
Multifamily LT 5
$607.3K
$531.4K – $708.5K
NOI $42,511 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$542.8K
$474.9K – $633.2K
NOI $37,993 @ 7.0% cap · market cap 5.00%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,690 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,345
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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 - Two residential units, a finished lower level, backyard, solar panels, and detached parking provide flexible occupancy options.
Where is this duplex located?
The property is located at 849 E 219th Street Bronx, NY.
What is the asking price?
The asking price for this property is $759,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,746 square feet; Delivered fully vacant; Finished lower level for storage, recreation, or home office use
