As-Is Corner
For Sale
$659,000
Pending
138 W Kingsbridge Road, Mount Vernon, NY 10550
Residential Income, Mount Vernon, NY
Property Size2,200 SF
Lot Size0.18 Acres
Days on Market194
Property Features for 138 W Kingsbridge Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Basement, Bathroom 2, Bedroom 1, Bathroom 1
Parking
4
Parking features
Driveway, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Open Floorplan, Open Kitchen
Basement
Walk-Out Access, Storage Space, Finished, Full
Standard status
Pending
APN
0800-169-054-03039-000-0015
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13128
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1896
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
YourHomeSold Guaranteed Realty · ERA Real Estate
(718) 324-6060
Listed By:
Corey Easley
(917) 865-2624
Added: Feb 9
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 960057
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This as-is corner duplex in Mount Vernon offers two separate apartments and a full basement. The property is approximately 2,200 SF plus a full basement and requires renovation. Unit configuration includes a 3-bedroom apartment and a 2-bedroom apartment.
Built in 1896, the home features vinyl siding and an interior layout that includes first-floor bedroom and first-floor full bath, along with an open kitchen and open floor plan. Heating is natural gas. Cooling is provided via wall/window units and window units. Parking is available via a driveway with a one-car built-in garage.
The lot size is 7,841 SF. Utilities and services include public water and public sewer, with cable available.
Built in 1896, the home features vinyl siding and an interior layout that includes first-floor bedroom and first-floor full bath, along with an open kitchen and open floor plan. Heating is natural gas. Cooling is provided via wall/window units and window units. Parking is available via a driveway with a one-car built-in garage.
The lot size is 7,841 SF. Utilities and services include public water and public sewer, with cable available.
Key Highlights
- As‑is corner two‑family duplex requiring renovation
- Approximately 2,200 SF plus a full basement
- 3‑bedroom apartment and 2‑bedroom apartment configuration
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
$42,851
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
6.50%
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%
$857,020
$857.0K
Cap Rate 7%
$612,157
$612.2K
Cap Rate 9%
$476,122
$476.1K
Market Conditions
NOI Build-Up for 2,200 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
$65.5K $29.76/SF
− Vacancy
−$4.3K −$1.93/SF
EGI
$61.2K $27.83/SF
− OpEx
−$18.4K −$8.35/SF
NOI
$42.9K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /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%
$857,020
Cap Rate 7%
$612,157
Cap Rate 9%
$476,122
Alternative Uses
Best Use
Multifamily LT 5
$612.2K
$535.6K – $714.2K
NOI $42,851 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$539.1K
$471.7K – $628.9K
NOI $37,734 @ 7.0% cap · market cap 5.73%
Theoretical Best
Retail
$664.5K
$581.5K – $775.3K
NOI $46,518 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family corner duplex with a 3-bedroom and 2-bedroom unit, natural gas heat, and a one-car built-in garage.
Where is this duplex located?
The property is located at 138 W Kingsbridge Road Mount Vernon, NY.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: As‑is corner two‑family duplex requiring renovation; Approximately 2,200 SF plus a full basement; 3‑bedroom apartment and 2‑bedroom apartment configuration
