Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Inviting Duplex Near Tuckahoe Village Title is generated by Realmo AI

    107 Wallace St 2, Tuckahoe, NY 10707

    View on Map
    Claim this Listing
    For Lease
    $3,500 /Mo

    Spacious 2-bedroom duplex with private entrance, near Tuckahoe Village.

    Type:Multi Family
    Added:
    May 18, 2026
    Days on Market:
    13
    Last Refresh:
    May 18 at 2:37 pm

    Property Features for 107 Wallace St 2

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Maria Chori

    Listing agent Maria Chori

    Listing office

    Listing date May 18, 2026

    Source Elliman

    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 Maria Chori

    HighLights

    • Easy 28‑minute commute to NYC via Metro‑North
    • Private entrance and in‑unit laundry for a private home feel
    • Large eat‑in kitchen perfect for dining and entertaining
    • Rent includes heat, hot water, landscaping, and snow removal
    • Convenient location close to Tuckahoe Village, buses, shops, restaurants, parks, and schools
    • Bright 3‑season sunroom

    Overview

    This spacious 2-bedroom duplex offers a living experience similar to a private home, featuring a private entrance and in-unit laundry. A bright 3-season sunroom enhances the living space. The large eat-in kitchen provides ample space for dining and entertaining. The property is located a short distance from the Village of Tuckahoe and Metro-North, offering convenient access to transportation with a 28-minute commute to NYC. The location provides convenient access to buses, shops, restaurants, parks, and schools. Rent includes heat, hot water, landscaping, and snow removal around the property. One driveway parking space is included, with additional street parking available via a free resident permit. The unit will be cleaned and painted before occupancy. The property is eligible for Lake Isle membership, which includes access to golf, swimming, and tennis for an additional fee. The bike score is 62, indicating it is bikeable. The walk score is 71, indicating it is very walkable. The transit score is 54, indicating good transit options.
    Location Intelligence

    Current Use by Public Records

    Circuit Avenue Park Park

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office 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
    Tuckahoe
    County
    Westchester
    State
    New York
    Longitude
    -73.8233624
    Latitude
    40.9529331

    Nearby Similar for Lease

    • $3,500/Mo
      600 SF

      Prime Retail Space Near Station

      Highly visible retail space with basement near train station.
      2B Columbus, Tuckahoe, NY 10707
      View Details
    • $8,710/Mo

      New Construction Flex Space Opportunity

      New construction flex space suitable for offices, showroom, storage.
      174 Marbledale Road, Tuckahoe, NY 10707
      View Details
    • $17 SF/Yr
      3,500 SF

      Tuckahoe Office Space Available

      Office space available for rent in Tuckahoe, New York.
      69 Main St, Tuckahoe, NY 10707
      View Details
    • $2,300/Mo

      Tuckahoe Village One Bedroom Apartment

      One bedroom apartment near Tuckahoe Village and Metro North.
      55 High St 1st floor, Tuckahoe, NY 10707
      View Details
    • Contact for pricing
      2,740 SF

      Retail Space with Basement

      2,740 SF ground floor retail space plus basement.
      50 Main St, Tuckahoe, NY 10707
      View Details

    FAQs

    What type of property is this?
    Duplex - Spacious 2-bedroom duplex with private entrance, near Tuckahoe Village.
    Where is this duplex located?
    The property is located at 107 Wallace St 2 Tuckahoe, NY.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: Easy 28‑minute commute to NYC via Metro‑North; Private entrance and in‑unit laundry for a private home feel; Large eat‑in kitchen perfect for dining and entertaining
    (646) 491-3649
    We can help!
    Listing Contact
    Maria Chori
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    107 Wallace St 2, Tuckahoe, NY 10707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!