Brick Triplex with Garden
For Sale
$669,000
1010-12 West Broad Street Unit 1012, Haverstraw, NY 10927
Tri-level multifamily property with hardwood floors, eat-in kitchens, basement access, and public parking options.
Property Size2,224 SF
Price / SF$300.81
Days on Market1446
Property Features for 1010-12 West Broad Street Unit 1012
General Information
Standard status
Active
Size
2,224 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,797
Amenities
flower gardens
storage shed
yard
Level, Level, Square Feet
Crawl Space, Partial, Unfinished
Hardwood
Colonial, Eat in Kitchen, Hardwood Floors As Seen, Public, See Remarks, Tri-Level
2,224.00
No Common Walls
Eat-in Kitchen
Square Feet
Trilevel, Hardwood Floors As Seen, Eat in Kitchen
Public Maintained Road
No
Brick
No Garage, Public Parking, On Street, Unassigned, Level
Building Details
Year Built
1939
Listing Agency:
Partridge Real Estate
(845) 429-0609
Listed By:
Peter Partridge
(845) 429-0609
Source:
Compass
Added: Sep 16, 2022
Changed: Aug 30
Last Checked: Aug 30 at 6:50PM
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 Partridge Real Estate
Investment Insights
Based on property information with market context.
This 2,224-square-foot brick triplex was built in 1939 and features a tri-level configuration with hardwood flooring and eat-in kitchens. The two upper apartments connect by stairway to a basement apartment, allowing flexible separation or combination of the spaces. The property also includes a side entrance associated with a former tailor shop, along with partial unfinished crawl-space areas.
Outdoor features include front flower gardens, rear gardens, a storage shed, and a level yard. There is no garage; parking options include public parking and on-street parking. The property is located within walking distance of bus transportation and a ferry serving New York City.
Outdoor features include front flower gardens, rear gardens, a storage shed, and a level yard. There is no garage; parking options include public parking and on-street parking. The property is located within walking distance of bus transportation and a ferry serving New York City.
Key Highlights
- 2,224‑square‑foot brick triplex built in 1939
- Tri‑level layout with two apartments connected to a basement apartment
- Hardwood flooring and eat‑in kitchens
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
$39,301
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
5.87%
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%
$786,020
$786.0K
Cap Rate 7%
$561,443
$561.4K
Cap Rate 9%
$436,678
$436.7K
Market Conditions
NOI Build-Up for 2,224 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
$60.0K $27.00/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$56.1K $25.25/SF
− OpEx
−$16.8K −$7.57/SF
NOI
$39.3K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /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%
$786,020
Cap Rate 7%
$561,443
Cap Rate 9%
$436,678
Alternative Uses
Best Use
Multifamily LT 5
$561.4K
$491.3K – $655.0K
NOI $39,301 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$520.7K
$455.6K – $607.5K
NOI $36,447 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,932 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 10927, NY
12,323
Population
4,180
Households
2.9
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
2.0 sq mi
ZIP Area
6,162
Density / Sq Mi
$67,447
Median Household Income
$35,950
Median Earnings
$1,741
Median Rent
$361,800
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?
Triplex - Tri-level multifamily property with hardwood floors, eat-in kitchens, basement access, and public parking options.
Where is this triplex located?
The property is located at 1010-12 West Broad Street Unit 1012 Haverstraw, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 2,224‑square‑foot brick triplex built in 1939; Tri‑level layout with two apartments connected to a basement apartment; Hardwood flooring and eat‑in kitchens
