Duplex with Detached 3-Car
For Sale
Contact for pricing
13 S Bleeker Street, Mount Vernon, NY 10550
Legal two-family property with on-site parking and a detached garage offering additional storage.
Property Size2,690 SF
Days on Market165
Property Features for 13 S Bleeker Street
General Information
Standard status
Active
Size
2,690 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$21,890
Building Details
Building Size
2,690 SF
Year Built
1948
Listing Agency:
Houlihan Lawrence Commercial
Listed By:
Garry Klein · License #10301208172
(914) 798-4900
Source:
Totallywestchester
Added: Apr 16
Changed: Sep 25
Last Checked: Sep 26 at 1:00PM
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 Commercial
Investment Insights
Based on property information with market context.
This legal two-family residence contains 2,690 SF with six bedrooms and three bathrooms. The layout includes two 3BR/1BA apartments, with the first-floor unit providing basement access. Built in 1948, the property offers a separate residential configuration suited to owner occupancy, leasing, or continued income-producing use.
The property sits on a 4,895 SF lot with on-site parking and a detached three-car garage that includes additional storage. The garage creates a separate rental-income component alongside the two residential units. Its location on the north side of Mount Vernon’s transit-oriented development corridor places it within an area described as undergoing new investment, increased residential density, and infrastructure improvements.
The property sits on a 4,895 SF lot with on-site parking and a detached three-car garage that includes additional storage. The garage creates a separate rental-income component alongside the two residential units. Its location on the north side of Mount Vernon’s transit-oriented development corridor places it within an area described as undergoing new investment, increased residential density, and infrastructure improvements.
Key Highlights
- Legal two‑family property with two 3BR/1BA units
- 2,690 SF building with 6 bedrooms and 3 bathrooms
- 4,895 SF lot with on‑site parking
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
$52,396
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
5.83%
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%
$1,047,920
$1.0M
Cap Rate 7%
$748,514
$748.5K
Cap Rate 9%
$582,178
$582.2K
Market Conditions
NOI Build-Up for 2,690 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
$80.1K $29.76/SF
− Vacancy
−$5.2K −$1.93/SF
EGI
$74.9K $27.83/SF
− OpEx
−$22.5K −$8.35/SF
NOI
$52.4K $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%
$1,047,920
Cap Rate 7%
$748,514
Cap Rate 9%
$582,178
Alternative Uses
Best Use
Multifamily LT 5
$748.5K
$655.0K – $873.3K
NOI $52,396 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$659.1K
$576.7K – $769.0K
NOI $46,138 @ 7.0% cap · market cap 5.13%
Theoretical Best
Retail
$812.6K
$711.0K – $948.0K
NOI $56,879 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,945
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with on-site parking and a detached garage offering additional storage.
Where is this duplex located?
The property is located at 13 S Bleeker Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family property with two 3BR/1BA units; 2,690 SF building with 6 bedrooms and 3 bathrooms; 4,895 SF lot with on‑site parking
