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    45 Chestnut St Tuckahoe, NY 10707

    Sponsored
    For Sale
    Pending
    $875,000

    MULTI_FAMILY - Colonial - Tuckahoe, NY

    Lot size:
    0.09 Acres
    Days on Market:
    66
    Last Refresh:
    Feb 19 at 8:06 pm

    Property Features for 45 Chestnut St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    2403-038-000-00005-000-0048-C
    Parking
    3
    Parking features
    Off Street, On Street
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Natural Woodwork, Open Floorplan, Open Kitchen, Storage, Walk Through Kitchen
    Fencing
    Fenced
    Basement
    Walk-Out Access, Unfinished, Storage Space
    Lot size
    0.09 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1924
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Colonial
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael Rinaldi

    Claire D. Leone Associates LTD (914) 723-8228

    Listing agent Michael Rinaldi (914) 584-0283

    Listing date Dec 16, 2025

    MLS# 922800 Listing URL

    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

    Tuckahoe Colonial Two-Family Home

    Located in Eastchester, this two-family colonial property presents an investment opportunity near the Metro North station and Eastchester Schools. The building features two units. The first floor unit includes two bedrooms, living and dining rooms, an eat-in kitchen, a bathroom, a deck, and separate laundry facilities. The second floor unit offers one bedroom, a living room, an eat-in kitchen, a bathroom, and separate laundry. Upgrades include new hot water tanks, separate circuit breakers for each unit, fresh paint, updated bathrooms, and modern hardwood floors. A soundproof ceiling has been installed in the first-floor living room. Parking is available with a garage and a two-car driveway. Outdoor features include a rocking chair front porch, a private deck, and a white picket fence. The property, situated on a 0.09-acre lot, is suitable for rental income or multi-generational living, with access to New York City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tuckahoe
    County
    Westchester
    State
    New York
    Longitude
    -73.822033
    Latitude
    40.953841

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      Convenient Tuckahoe Home Near Station

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      Specialty Property For Sale

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    FAQs

    What type of property is this?
    Duplex - Charming two-family colonial near Metro North and Eastchester Schools.
    Where is this duplex located?
    The property is located at 45 Chestnut St Tuckahoe, 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: - Prime Eastchester location, steps from Metro North for easy NYC commute.; - Two spacious units, ideal for rental income or multi-generational living.; - Upgrades include new hot water tanks, updated bathrooms, and modern hardwood floors.
    (914) 584-0283
    Request Owner's contact information
    45 Chestnut St Tuckahoe, NY 10707
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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
    45 Chestnut St Tuckahoe, NY 10707
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    We can help!
    Listing Contact
    Michael Rinaldi
    Real Estate License ID: 30RI0818135
    (914) 584-0283 (914) 723-8228
    Learn more
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