Renovated Two-Family
New
For Sale
Contact for pricing
1 Bayview Avenue, New Rochelle, NY 10801
Fully occupied residential income property with separate utilities, central air conditioning, and updated kitchens and baths.
Property Size2,428 SF
Days on Market5
Property Features for 1 Bayview Avenue
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$18,248
Amenities
hardwood floors
high ceilings
central air conditioning
in-unit laundry
basement storage
outdoor space
Building Details
Building Size
2,428 SF
Year Built
1905
Buildings
1
Tenancy
Multi
Listing Agency:
Giner Real Estate Inc.
(917) 374-0026
Listed By:
Michael A. Tarallo · License #RES.0814389
Source:
Totallywestchester
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 3:49PM
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 Giner Real Estate Inc.
Investment Insights
Based on property information with market context.
This renovated duplex includes two residential units with distinct layouts. The first-floor apartment has one bedroom, an open living and dining area, an updated kitchen with quartz countertops and stainless steel appliances, and interior access to the basement. The upper duplex contains three bedrooms, two full baths, an open living and dining area, an updated kitchen, a primary bedroom with walk-in closet, an oversized third bedroom, and a den or office. Both units offer hardwood floors, high ceilings, private laundry, basement storage, and access to shared outdoor space.
Recent property improvements include central air conditioning, heat-pump heating for both apartments, a newer roof, and separated utilities. The property is fully occupied, with rental income in place and tenants responsible for their respective electric and/or gas usage. Located in New Rochelle near Metro-North, major highways, waterfront amenities, parks, shopping, dining, and cultural attractions.
Recent property improvements include central air conditioning, heat-pump heating for both apartments, a newer roof, and separated utilities. The property is fully occupied, with rental income in place and tenants responsible for their respective electric and/or gas usage. Located in New Rochelle near Metro-North, major highways, waterfront amenities, parks, shopping, dining, and cultural attractions.
Key Highlights
- Two‑family duplex built in 1905
- Fully occupied with rental income in place
- First‑floor unit has 1 bedroom and basement access
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
$47,292
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
5.11%
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%
$945,840
$945.8K
Cap Rate 7%
$675,600
$675.6K
Cap Rate 9%
$525,467
$525.5K
Market Conditions
NOI Build-Up for 2,428 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
$72.3K $29.76/SF
− Vacancy
−$4.7K −$1.93/SF
EGI
$67.6K $27.83/SF
− OpEx
−$20.3K −$8.35/SF
NOI
$47.3K $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%
$945,840
Cap Rate 7%
$675,600
Cap Rate 9%
$525,467
Alternative Uses
Best Use
Multifamily LT 5
$675.6K
$591.2K – $788.2K
NOI $47,292 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$594.9K
$520.6K – $694.1K
NOI $41,644 @ 7.0% cap · market cap 4.50%
Theoretical Best
Retail
$733.4K
$641.7K – $855.7K
NOI $51,339 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,086
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
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 - Fully occupied residential income property with separate utilities, central air conditioning, and updated kitchens and baths.
Where is this duplex located?
The property is located at 1 Bayview Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑family duplex built in 1905; Fully occupied with rental income in place; First‑floor unit has 1 bedroom and basement access
