Two-Family Residential Income
126 Babbitt Road Bedford Hills, NY 10507
126 Babbitt Road, Bedford Hills, NY, 10507
$825,000
For Sale
$825,000
Two apartments each offer two bedrooms, one full bath, and separate utilities with added attic storage.
Property Size2,747 SF
Price / SF$300.33
Days on Market38
Property Features for 126 Babbitt Road
General Information
- Standard status
- Active
- Size
- 2,747 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Realty Partner
(914) 234-4444
Listed by
Mark Boyland
(914) 234-4444
Source
Compass
Added: Jun 15 Updated: Jul 21 at 12:37PM Checked: Jul 21 at 12:37PM
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 Keller Williams Realty Partner
Investment Insights
Based on property information with market context.
This well-maintained two-family property includes two separate units, each featuring two bedrooms, one full bath, a living room, and a functional kitchen. Additional in-unit convenience includes a mudroom/storage area, along with extra storage in a finished walk-up attic measuring 762 square feet. Reported updates include an updated electrical system, new plumbing and gas lines, new windows, and a new roof.
The property sits on a generous lot with potential for subdivision, subject to municipal approvals. Separate utilities are provided with 3 electric meters and 2 gas meters. The address is directly across from the elementary school, and it is described as a short walk to the Metro-North train station, along with shops and restaurants.
The configuration supports either an owner-occupant or investor setup, with two self-contained apartments and dedicated utility metering to help manage each unit’s operating costs.
The property sits on a generous lot with potential for subdivision, subject to municipal approvals. Separate utilities are provided with 3 electric meters and 2 gas meters. The address is directly across from the elementary school, and it is described as a short walk to the Metro-North train station, along with shops and restaurants.
The configuration supports either an owner-occupant or investor setup, with two self-contained apartments and dedicated utility metering to help manage each unit’s operating costs.
Key Highlights
- Two‑family home built in 1920 with 2 apartments; each unit has 2 bedrooms, 1 full bath, living room, and kitchen.
- Finished 762 sq ft walk‑up attic provides additional storage for both units.
- Updates include new windows and roof, updated electrical system, and new plumbing and gas lines.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.8k | $29.76 |
| − Vacancy | −$5.3k | −$1.93 |
| EGI | $76.4k | $27.83 |
| − OpEx | −$22.9k | −$8.35 |
| NOI | $53.5k | $19.48 |
2,747 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.4K
$668.8K – $891.8K
NOI $53,506 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$673.1K
$589.0K – $785.3K
NOI $47,116 @ 7.0% cap · market cap 5.71%
Theoretical Best
Retail
$829.8K
$726.1K – $968.1K
NOI $58,084 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two apartments each offer two bedrooms, one full bath, and separate utilities with added attic storage.
Where is this duplex located?
The property is located at 126 Babbitt Road Bedford Hills, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with 2 apartments; each unit has 2 bedrooms, 1 full bath, living room, and kitchen.; Finished 762 sq ft walk‑up attic provides additional storage for both units.; Updates include new windows and roof, updated electrical system, and new plumbing and gas lines.
