Two-Family Colonial Duplex with Walk-Out
For Sale
Contact for pricing
1078 Midland Avenue, Bronxville, NY 10708
All-brick duplex with a fully finished walk-out basement, heated two-car garage, and fenced backyard with storage shed.
Property Size3,500 SF
Days on Market301
Property Features for 1078 Midland Avenue
General Information
Standard status
Active
Size
3,500 SF
Total Parking Spaces
12
Property subtype
Duplex
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$18,449
Amenities
Storage
private patio
balcony
walk-out basement
fenced backyard
Building Details
Building Size
3,500 SF
Year Built
2003
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HS NY Prop
Listed By:
Iris Kalt · License #30KA0623059
(914) 643-1367
Source:
Totallywestchester
Added: Jan 2
Changed: Oct 29
Last Checked: Oct 28 at 5:48PM
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 Berkshire Hathaway HS NY Prop
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Investment Insights
Based on property information with market context.
All-brick two-family colonial duplex built in 2003, presented in meticulous condition. The home offers a spacious living room and a grand eat-in kitchen in each unit, along with a formal dining room designed for gatherings. Sliding glass doors off the kitchen lead to a large balcony, and the primary ensuite includes a generous walk-in closet. An in-law suite with a private patio adds flexibility.
A fully finished walk-out basement extends the usable space. Recent updates include freshly painted interiors, gleaming hardwood floors, updated plumbing, two new hot water heaters, and recessed lighting. The property also features a heated two-car attached garage.
Outside, the level, fenced backyard includes a storage shed and room to operate comfortably. Parking is supported by 10 outdoor parking spaces. The duplex is set on a secluded private road and is located near the village of Bronxville, with access to parks, private country clubs, parkways, and hospitals.
A fully finished walk-out basement extends the usable space. Recent updates include freshly painted interiors, gleaming hardwood floors, updated plumbing, two new hot water heaters, and recessed lighting. The property also features a heated two-car attached garage.
Outside, the level, fenced backyard includes a storage shed and room to operate comfortably. Parking is supported by 10 outdoor parking spaces. The duplex is set on a secluded private road and is located near the village of Bronxville, with access to parks, private country clubs, parkways, and hospitals.
Key Highlights
- All‑brick two‑family colonial duplex built in 2003
- Fully finished walk‑out basement for added living space
- In‑law suite with private patio plus large balcony access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,692
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,840
$1.7M
Cap Rate 7%
$1,209,886
$1.2M
Cap Rate 9%
$941,022
$941.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$132.3K $37.80/SF
− Vacancy
−$11.3K −$3.23/SF
EGI
$121.0K $34.57/SF
− OpEx
−$36.3K −$10.37/SF
NOI
$84.7K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,840
Cap Rate 7%
$1,209,886
Cap Rate 9%
$941,022
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,692 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.11M
$972.2K – $1.30M
NOI $77,778 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
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Business Placement
Demographics for 10708, NY
22,299
Population
10,004
Households
2.2
Avg Household Size
45
Median Age
65%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
7,689
Density / Sq Mi
$121,107
Median Household Income
$80,556
Median Earnings
$2,161
Median Rent
$496,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - All-brick duplex with a fully finished walk-out basement, heated two-car garage, and fenced backyard with storage shed.
Where is this duplex located?
The property is located at 1078 Midland Avenue Bronxville, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: All‑brick two‑family colonial duplex built in 2003; Fully finished walk‑out basement for added living space; In‑law suite with private patio plus large balcony access
