New Construction
For Sale
$1,100,000
137 S 14th, Mount Vernon, NY 10550
Completed in 2024 with a full basement, high ceilings, and a large garage.
Property Size3,200 SF
Price / SF$343.75
Days on Market14
Property Features for 137 S 14th
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,500
Building Details
Building Size
3,200 SF
Year Built
2024
Listing Agency:
R New York
(646) 475-7702
Listed By:
Heather Mctaggart
Source:
Shawmetro
Added: Aug 3
Changed: Aug 16
Last Checked: Aug 16 at 3:23AM
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 R New York
Investment Insights
Based on property information with market context.
This duplex was completed in 2024 and offers approximately 3 bedrooms and 2 full bathrooms. The property includes a spacious interior layout, a full basement with high ceilings, and a large garage. New construction allows the next owner to take possession of a recently completed building with room to personalize the space.
Located at 137 S 14th in Mount Vernon, the property is near everyday amenities, shopping, and transportation. Its residential configuration and basement, garage, and bedroom-bathroom layout provide a practical foundation for residential use.
Located at 137 S 14th in Mount Vernon, the property is near everyday amenities, shopping, and transportation. Its residential configuration and basement, garage, and bedroom-bathroom layout provide a practical foundation for residential use.
Key Highlights
- 2024 construction
- Approximately 3 bedrooms and 2 full bathrooms
- Full basement with high ceilings
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
$62,329
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
5.67%
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%
$1,246,580
$1.2M
Cap Rate 7%
$890,414
$890.4K
Cap Rate 9%
$692,544
$692.5K
Market Conditions
NOI Build-Up for 3,200 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
$95.2K $29.76/SF
− Vacancy
−$6.2K −$1.93/SF
EGI
$89.0K $27.83/SF
− OpEx
−$26.7K −$8.35/SF
NOI
$62.3K $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%
$1,246,580
Cap Rate 7%
$890,414
Cap Rate 9%
$692,544
Alternative Uses
Best Use
Multifamily LT 5
$890.4K
$779.1K – $1.04M
NOI $62,329 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$784.1K
$686.1K – $914.8K
NOI $54,886 @ 7.0% cap · market cap 4.99%
Theoretical Best
Retail
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,189
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 - Completed in 2024 with a full basement, high ceilings, and a large garage.
Where is this duplex located?
The property is located at 137 S 14th Mount Vernon, 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: 2024 construction; Approximately 3 bedrooms and 2 full bathrooms; Full basement with high ceilings
