Two-Unit Duplex with Garage
For Sale
$899,000
17 3rd Street, New Rochelle, NY 10801
Two residences provide a two-bedroom layout downstairs and a four-bedroom layout upstairs.
Property Size1,620 SF
Price / SF$554.94
Days on Market30
Property Features for 17 3rd Street
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,423
Building Details
Building Size
1,620 SF
Year Built
1900
Stories
2
Listing Agency:
Kafka Realty LLC
Listed By:
William G. Ragone
(914) 557-4217
Source:
Hhir
Added: Oct 1
Changed: Oct 30
Last Checked: Oct 30 at 1:44AM
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 Kafka Realty LLC
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences: a two-bedroom unit on the first floor and a four-bedroom unit on the second. Parking includes two open spaces at the rear and two garage spaces. The property was built in 1900 and is being sold as-is.
Located on a dead-end street at 17 3rd Street in New Rochelle, the property has a residential setting with limited through traffic.
Located on a dead-end street at 17 3rd Street in New Rochelle, the property has a residential setting with limited through traffic.
Key Highlights
- Two separate units: two bedrooms on the first floor and four bedrooms on the second
- Parking includes 2 rear open spaces and 2 garage spaces
- Built in 1900; sale is as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,554
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,080
$631.1K
Cap Rate 7%
$450,771
$450.8K
Cap Rate 9%
$350,600
$350.6K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$48.2K $29.76/SF
− Vacancy
−$3.1K −$1.93/SF
EGI
$45.1K $27.83/SF
− OpEx
−$13.5K −$8.35/SF
NOI
$31.6K $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 Rate 5%
$631,080
Cap Rate 7%
$450,771
Cap Rate 9%
$350,600
Alternative Uses
Best Use
Multifamily LT 5
$450.8K
$394.4K – $525.9K
NOI $31,554 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$396.9K
$347.3K – $463.1K
NOI $27,786 @ 7.0% cap · market cap 3.09%
Theoretical Best
Retail
$489.3K
$428.2K – $570.9K
NOI $34,254 @ 7.0% cap · market cap 3.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,021
Businesses Nearby
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Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide a two-bedroom layout downstairs and a four-bedroom layout upstairs.
Where is this duplex located?
The property is located at 17 3rd Street New Rochelle, 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: Two separate units: two bedrooms on the first floor and four bedrooms on the second; Parking includes 2 rear open spaces and 2 garage spaces; Built in 1900; sale is as‑is
