Two-Unit Duplex with Finished
123 Haviland Drive, Patterson, NY 12563
For Sale
$550,000
Separate living spaces include a shared laundry area and additional bathroom in the basement.
Property Size1,626 SF
Price / SF$338.25
Days on Market139
Property Features for 123 Haviland Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry area
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Houlihan Lawrence Inc.
(845) 279-6800
Listed By:
Rosanaly Diaz-Scott
(646) 831-6768
Source:
Gillianstewart
Added: Jun 26
Changed: Nov 8
Last Checked: Nov 10 at 6:52AM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
Built in 1940, this 1,626-square-foot duplex contains two separate residences. One unit has two bedrooms, a full bathroom, and a kitchen with stainless steel appliances. The other includes one bedroom and one bathroom, plus a finished attic for storage. A finished basement provides shared laundry facilities and another bathroom. The driveway accommodates up to four vehicles.
Tenants pay for electricity, while oil heat is provided by the landlord. The property includes Putnam Lake rights, with access to the lake, boat launch, and recreational amenities nearby. Shuttle bus service, a local market, deli, and neighborhood restaurants are also in the area; Southeast offers additional shopping, supermarkets, and dining.
Tenants pay for electricity, while oil heat is provided by the landlord. The property includes Putnam Lake rights, with access to the lake, boat launch, and recreational amenities nearby. Shuttle bus service, a local market, deli, and neighborhood restaurants are also in the area; Southeast offers additional shopping, supermarkets, and dining.
Key Highlights
- Two residences: one with 2 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 bathroom
- 1,626‑square‑foot duplex built in 1940
- Finished attic provides storage for the one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,180
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,600
$803.6K
Cap Rate 7%
$574,000
$574.0K
Cap Rate 9%
$446,444
$446.4K
Market Conditions
NOI Build-Up for 1,626 SF
Gross rent
$62.4K $38.40/SF
− Vacancy
−$5.0K −$3.10/SF
EGI
$57.4K $35.30/SF
− OpEx
−$17.2K −$10.59/SF
NOI
$40.2K $24.71/SF
Area
Putnam County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,600
Cap Rate 7%
$574,000
Cap Rate 9%
$446,444
Alternative Uses
Best Use
Multifamily LT 5
$574.0K
$502.3K – $669.7K
NOI $40,180 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$567.8K
$496.8K – $662.5K
NOI $39,747 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$1.08M
$940.7K – $1.25M
NOI $75,255 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 12563, NY
7,586
Population
2,276
Households
3.3
Avg Household Size
41
Median Age
28%
College-Educated
93%
High-School Grad
23.5 sq mi
ZIP Area
323
Density / Sq Mi
$102,472
Median Household Income
$45,714
Median Earnings
$1,868
Median Rent
$358,200
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 - Separate living spaces include a shared laundry area and additional bathroom in the basement.
Where is this duplex located?
The property is located at 123 Haviland Drive Patterson, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences: one with 2 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 bathroom; 1,626‑square‑foot duplex built in 1940; Finished attic provides storage for the one‑bedroom unit
