Three-Unit Multifamily
For Sale
$1,100,000
Pending
124 Pelham St, Mamaroneck, NY 10543
Fully leased apartments with private terraces, updated windows, laundry features, and a detached garage near downtown Mamaroneck.
Property Size3,807 SF
Days on Market58
Property Features for 124 Pelham St
General Information
Standard status
Pending
Size
3,807 SF
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$85,800
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,607
Amenities
private terrace
in-unit washer/dryer
detached garage
Building Details
Building Size
3,807 SF
Year Built
1900
Buildings
1
Units
3
Tenancy
Multi
Listed By:
Steven Weishaus
(914) 374-3116
Source:
Elliman
Added: Aug 21
Changed: Oct 14
Last Checked: Oct 16 at 10:27AM
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 Steven Weishaus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained triplex contains three apartments, with two units offering two bedrooms and one full bathroom each. Every apartment includes a private outdoor terrace. Unit 1 and Unit 2 have dedicated washers and dryers, while Unit 3 includes washer/dryer hookups. Recent property improvements include new windows throughout, a new above-ground oil tank, a three-year-old hot water tank, and new garage doors. A detached garage provides additional storage space.
All three apartments are rented with leases in place. The property is located at 124 Pelham St in Mamaroneck, approximately half a mile from the Mamaroneck Metro-North station and Mamaroneck Avenue. The surrounding area provides access to transportation, restaurants, shops, and downtown Mamaroneck. Built in 1900, the property has remained under the same family’s ownership for 50 years.
All three apartments are rented with leases in place. The property is located at 124 Pelham St in Mamaroneck, approximately half a mile from the Mamaroneck Metro-North station and Mamaroneck Avenue. The surrounding area provides access to transportation, restaurants, shops, and downtown Mamaroneck. Built in 1900, the property has remained under the same family’s ownership for 50 years.
Key Highlights
- Three apartments are fully rented with leases in place
- Private outdoor terrace for each apartment
- Unit 1 and Unit 2 include their own washers and dryers; Unit 3 has washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,152
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,040
$1.5M
Cap Rate 7%
$1,059,314
$1.1M
Cap Rate 9%
$823,911
$823.9K
Market Conditions
NOI Build-Up for 3,807 SF
Gross rent
$113.3K $29.76/SF
− Vacancy
−$7.4K −$1.93/SF
EGI
$105.9K $27.83/SF
− OpEx
−$31.8K −$8.35/SF
NOI
$74.2K $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 Rate 5%
$1,483,040
Cap Rate 7%
$1,059,314
Cap Rate 9%
$823,911
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.9K – $1.24M
NOI $74,152 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$932.8K
$816.2K – $1.09M
NOI $65,297 @ 7.0% cap · market cap 5.94%
Theoretical Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,497 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 10543, NY
21,296
Population
8,141
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
4,953
Density / Sq Mi
$128,418
Median Household Income
$69,176
Median Earnings
$2,030
Median Rent
$710,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased apartments with private terraces, updated windows, laundry features, and a detached garage near downtown Mamaroneck.
Where is this triplex located?
The property is located at 124 Pelham St Mamaroneck, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three apartments are fully rented with leases in place; Private outdoor terrace for each apartment; Unit 1 and Unit 2 include their own washers and dryers; Unit 3 has washer/dryer hookups
