5-Unit Apartment
129 Depew St, Peekskill, NY 10566
For Sale
New
$1,300,000
All five apartments are occupied, with garage parking and basement storage.
Property Size3,800 SF
Days on Market2
Property Features for 129 Depew St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
basement storage
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
eXp Realty
Listed By:
Rana Ali
(845) 803-6897
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:08PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1930 apartment property contains five occupied rental units and five garage spaces. Updates and renovations have been completed, and the basement provides additional storage.
The property is at 129 Depew St in Peekskill, with shopping, dining, transportation, and other local amenities nearby. Its Walk Score is 94, Bike Score is 43, and Transit Score is 40.
The property is at 129 Depew St in Peekskill, with shopping, dining, transportation, and other local amenities nearby. Its Walk Score is 94, Bike Score is 43, and Transit Score is 40.
Key Highlights
- Five occupied rental apartments
- Five garage spaces
- Basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,177
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,540
$1.3M
Cap Rate 7%
$931,100
$931.1K
Cap Rate 9%
$724,189
$724.2K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$125.4K $33.00/SF
− Vacancy
−$6.9K −$1.82/SF
EGI
$118.5K $31.19/SF
− OpEx
−$53.3K −$14.03/SF
NOI
$65.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,540
Cap Rate 7%
$931,100
Cap Rate 9%
$724,189
Alternative Uses
Best Use
Apartment 5plus
$931.1K
$814.7K – $1.09M
NOI $65,177 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,874 @ 7.0% cap · market cap 13.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Apartment buildings in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - All five apartments are occupied, with garage parking and basement storage.
Where is this apartment building located?
The property is located at 129 Depew St Peekskill, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Five occupied rental apartments; Five garage spaces; Basement storage
