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    The Largest CRE Database in the US with Over 1 Million Listings

    1408 Henry Ave Mamaroneck, NY 10543

    Sponsored
    For Sale
    Pending
    $899,000

    MULTI_FAMILY - Colonial - Mamaroneck, NY

    Lot size:
    0.11 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 21 at 12:06 am

    Property Features for 1408 Henry Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Window features
    Blinds, Double Pane Windows
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 4, Basement, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 3
    Bedrooms
    4
    Bathrooms
    3
    APN
    4803-154-000-00028-002-0029-0000000
    Parking
    2
    Parking features
    On Street, Garage, Driveway
    Patio and Porch features
    Deck, Porch
    Interior features
    First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, High Speed Internet, Kitchen Island, Recessed Lighting, Storage, Walk Through Kitchen, Washer/Dryer Hookup
    Exterior features
    Lighting, Rain Gutters
    Basement
    Unfinished, Storage Space, Full, Walk-Out Access
    Lot size
    0.11 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ductless, Electric, Separate Meters, Multi Units
    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    2
    Flooring type
    Hardwood, Tile - Ceramic, Tile, Laminate, Vinyl
    Building materials
    Aluminum Siding, Frame
    Architectural style
    Colonial
    Additional Structures
    Storage

    We can help!

    Listing Contact
    D. Gloria Hernandez

    HomeSmart Homes and Estates (845) 547-0005

    Listing agent D. Gloria Hernandez (914) 441-0980

    Listing date Jan 30, 2026

    MLS# 946412

    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.

    Learn more

    Property Insight Report

    Overview

    Charming Colonial Multi-Family Home

    This Dutch Colonial 2-family home, situated in the Rye Neck School District of the Village of Mamaroneck, offers income potential or serves as an addition to an investor's portfolio. The property features a renovated second apartment and upgrades throughout, with fresh paint. The second and third floors comprise a duplex unit with new hardwood floors, a living room, an updated kitchen with quartz countertops, a dining area, and access to a spacious deck. This unit includes 2 bedrooms, 1 full and 1 half bath, laundry facilities, and bonus space. The first-floor unit also has hardwood floors and features a living room, 2 bedrooms, a renovated kitchen with new cabinets and quartz countertop, an updated bath, and its own washer and dryer. Heating and cooling in both units are provided by efficient ductless split systems. A new roof was installed in 2021. The unfinished, full basement offers additional storage. The property includes a detached garage, driveway, and ample street parking. It is located three blocks from Florence Park, less than a mile from Metro-North, and a short distance from Harbor Island Park, Emelin Theater, Mamaroneck Yacht Club, Winged Foot Golf Club, restaurants, and shopping. The property sits on a lot of approximately 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.722961
    Latitude
    40.959843

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    FAQs

    What type of property is this?
    Duplex - Renovated Mamaroneck duplex with income potential near amenities.
    Where is this duplex located?
    The property is located at 1408 Henry Ave Mamaroneck, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Income-producing two-family home in the desirable Rye Neck School District.; - Renovated apartments with **updated kitchens featuring quartz countertops and new appliances.**; - Efficient ductless split systems for heating and cooling in both units.
    (914) 441-0980
    Request Owner's contact information
    1408 Henry Ave Mamaroneck, NY 10543
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    Mamaroneck, NY 10543
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 Henry Ave Mamaroneck, NY 10543
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    We can help!
    Listing Contact
    D. Gloria Hernandez
    (914) 441-0980
    Learn more
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