Updated
For Sale
$699,999
13 Beach Street, Mount Vernon, NY 10550
Legal two-family property with updated interiors in Mount Vernon, New York.
Property Size1,750 SF
Price / SF$399
Days on Market150
Property Features for 13 Beach Street
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,209
Building Details
Building Size
1,750 SF
Year Built
1930
Listing Agency:
Century 21 Dawns Gold Realty
(914) 793-8800
Listed By:
Alvin Mathew
Source:
Shawmetro
Added: Mar 26
Changed: Aug 15
Last Checked: Aug 21 at 11:25AM
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 Century 21 Dawns Gold Realty
Investment Insights
Based on property information with market context.
This updated duplex is configured as a legal two-family property, providing a defined residential income format within a single asset. The building was constructed in 1930 and is identified with a property size of 1,750.
The property is located at 13 Beach Street in Mount Vernon, New York, with the address listed as 10550. Its two-family configuration and updated condition are the primary physical characteristics identified for the offering.
The property is located at 13 Beach Street in Mount Vernon, New York, with the address listed as 10550. Its two-family configuration and updated condition are the primary physical characteristics identified for the offering.
Key Highlights
- Legal two‑family property
- Updated condition
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,086
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,720
$681.7K
Cap Rate 7%
$486,943
$486.9K
Cap Rate 9%
$378,733
$378.7K
Market Conditions
NOI Build-Up for 1,750 SF
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.
Gross rent
$52.1K $29.76/SF
− Vacancy
−$3.4K −$1.93/SF
EGI
$48.7K $27.83/SF
− OpEx
−$14.6K −$8.35/SF
NOI
$34.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,720
Cap Rate 7%
$486,943
Cap Rate 9%
$378,733
Alternative Uses
Best Use
Multifamily LT 5
$486.9K
$426.1K – $568.1K
NOI $34,086 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$428.8K
$375.2K – $500.3K
NOI $30,016 @ 7.0% cap · market cap 4.29%
Theoretical Best
Retail
$528.6K
$462.5K – $616.7K
NOI $37,003 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with updated interiors in Mount Vernon, New York.
Where is this duplex located?
The property is located at 13 Beach Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Legal two‑family property; Updated condition; Built in 1930
