Duplex Property with Attached
For Sale
$1,200,000
162 Woodland Avenue, New Rochelle, NY 10805
Two spacious apartments feature hardwood floors, updated finishes, private primary suites, and shared laundry access.
Property Size4,145 SF
Days on Market14
Property Features for 162 Woodland Avenue
General Information
Standard status
Active
Size
4,145 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$22,253
Amenities
common washer/dryer
stone patio
two-tiered backyard
Building Details
Building Size
4,145 SF
Year Built
1983
Buildings
1
Units
2
Listing Agency:
Berkshire Hathaway HS NY Prop
(914) 316-7495
Listed By:
Anthony D'Onofrio
(914) 316-7495
Source:
Cohenandcohenrealty
Added: Aug 11
Changed: Aug 24
Last Checked: Aug 23 at 7:11AM
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 Berkshire Hathaway HS NY Prop
Investment Insights
Based on property information with market context.
This New Rochelle duplex includes two three-bedroom apartments, each with two full bathrooms, generous room sizes, hardwood flooring, eat-in kitchens, double-pane windows, crown molding, and en-suite primary bedrooms. Marble tile, extensive closet storage, pocket doors, and well-appointed bathrooms add to the interior finish. A completed ground-level area has its own entrance and additional large rooms.
The property includes a large attached two-car garage, driveway parking, three electric meters, and two gas meters. A shared washer and dryer are located in the garage. Exterior features include a stone patio, paved entry walkway, bluestone detailing, and a two-tier rear yard. The roof is approximately 11 years old. Located on Woodland Ave in New Rochelle’s Residence Park area.
The property includes a large attached two-car garage, driveway parking, three electric meters, and two gas meters. A shared washer and dryer are located in the garage. Exterior features include a stone patio, paved entry walkway, bluestone detailing, and a two-tier rear yard. The roof is approximately 11 years old. Located on Woodland Ave in New Rochelle’s Residence Park area.
Key Highlights
- Two 3‑bedroom, 2 full bathroom apartments
- Large 2‑car attached garage with driveway parking
- Finished ground floor with separate entrance and large rooms
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
$80,736
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
6.73%
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%
$1,614,720
$1.6M
Cap Rate 7%
$1,153,371
$1.2M
Cap Rate 9%
$897,067
$897.1K
Market Conditions
NOI Build-Up for 4,145 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
$123.4K $29.76/SF
− Vacancy
−$8.0K −$1.93/SF
EGI
$115.3K $27.83/SF
− OpEx
−$34.6K −$8.35/SF
NOI
$80.7K $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%
$1,614,720
Cap Rate 7%
$1,153,371
Cap Rate 9%
$897,067
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,736 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$1.02M
$888.7K – $1.18M
NOI $71,094 @ 7.0% cap · market cap 5.92%
Theoretical Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,644 @ 7.0% cap · market cap 7.30%
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
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 10805, NY
18,479
Population
8,731
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
10,870
Density / Sq Mi
$89,964
Median Household Income
$53,513
Median Earnings
$2,018
Median Rent
$338,100
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 - Two spacious apartments feature hardwood floors, updated finishes, private primary suites, and shared laundry access.
Where is this duplex located?
The property is located at 162 Woodland Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2 full bathroom apartments; Large 2‑car attached garage with driveway parking; Finished ground floor with separate entrance and large rooms
