Three-Unit Triplex with
New
For Sale
$695,000
176 Archer Ave, Mount Vernon, NY 10550
All three residences are occupied under month-to-month tenancies.
Property Size2,366 SF
Days on Market3
Property Features for 176 Archer Ave
General Information
Standard status
Active
Size
2,366 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,999
Building Details
Building Size
2,366 SF
Year Built
1906
Units
3
Listing Agency:
Coldwell Banker Residential Brokerage
Listed By:
Elvira Iaropoli
(914) 438-9338
Source:
Elliman
Added: Sep 30
Last Checked: Oct 1 at 11:55AM
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 Coldwell Banker Residential Brokerage
Investment Insights
Based on property information with market context.
Built in 1906, this semi-attached stucco triplex contains three apartments, each with one bedroom. The first-floor unit has an eat-in kitchen opening to the backyard, a living room with a tray ceiling and millwork, and access to a basement with laundry and storage. The second-floor apartment includes an eat-in kitchen, a living room, and two full bathrooms. On the third floor, sloped ceilings and dormer windows shape the one-bedroom layout. Hardwood floors are present in the home, and the exterior has been freshly painted.
The three apartments are occupied by month-to-month tenants. Shopping, restaurants, trains, buses, and major highways are cited among the nearby amenities; Fleetwood is also nearby.
The three apartments are occupied by month-to-month tenants. Shopping, restaurants, trains, buses, and major highways are cited among the nearby amenities; Fleetwood is also nearby.
Key Highlights
- Three occupied apartments with month‑to‑month tenancies
- Built in 1906; semi‑attached stucco construction
- Each apartment has one bedroom; the second‑floor unit has two full bathrooms
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
$46,085
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
6.63%
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%
$921,700
$921.7K
Cap Rate 7%
$658,357
$658.4K
Cap Rate 9%
$512,056
$512.1K
Market Conditions
NOI Build-Up for 2,366 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
$70.4K $29.76/SF
− Vacancy
−$4.6K −$1.93/SF
EGI
$65.8K $27.83/SF
− OpEx
−$19.8K −$8.35/SF
NOI
$46.1K $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%
$921,700
Cap Rate 7%
$658,357
Cap Rate 9%
$512,056
Alternative Uses
Best Use
Multifamily LT 5
$658.4K
$576.1K – $768.1K
NOI $46,085 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$579.7K
$507.3K – $676.4K
NOI $40,581 @ 7.0% cap · market cap 5.84%
Theoretical Best
Retail
$714.7K
$625.4K – $833.8K
NOI $50,028 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,577
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
Check the figures for this property
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?
Triplex - All three residences are occupied under month-to-month tenancies.
Where is this triplex located?
The property is located at 176 Archer Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Three occupied apartments with month‑to‑month tenancies; Built in 1906; semi‑attached stucco construction; Each apartment has one bedroom; the second‑floor unit has two full bathrooms
