Duplex with Fenced
For Sale
$725,000
20 S Washington Avenue, Hartsdale, NY 10530
Two apartments, a finished basement, attached garage, and driveway parking support flexible residential use.
Property Size1,200 SF
Days on Market40
Property Features for 20 S Washington Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,880
Amenities
hardwood floors
semi finished basement
fenced backyard
Building Details
Building Size
1,200 SF
Year Built
1953
Buildings
1
Units
2
Listing Agency:
Bajraktari Realty Group LLC
(718) 365-4310
Listed By:
Hatema Nezaj · License #10491200403
Source:
Callexitfirst
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 Bajraktari Realty Group LLC
Investment Insights
Based on property information with market context.
This two-unit property, built in 1953, includes a first-floor apartment with two bedrooms, a recently renovated full bathroom, and hardwood flooring. The unit is vacant and connects directly to a semi-finished basement. The second-floor apartment has one bedroom and is tenant occupied. Basement space provides storage and interior access to the attached one-car garage.
A large, level, fully fenced backyard adds outdoor space, while the driveway accommodates multiple vehicles. The property is located near the shops, restaurants, and amenities along Central Avenue in Hartsdale. Hartsdale Metro-North station is approximately one mile away, with major highways and parkways also accessible from the area.
A large, level, fully fenced backyard adds outdoor space, while the driveway accommodates multiple vehicles. The property is located near the shops, restaurants, and amenities along Central Avenue in Hartsdale. Hartsdale Metro-North station is approximately one mile away, with major highways and parkways also accessible from the area.
Key Highlights
- Two‑unit duplex with a vacant two‑bedroom first‑floor apartment
- Second‑floor one‑bedroom apartment is tenant occupied
- First‑floor apartment includes a recently renovated full bathroom and hardwood floors
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
$23,374
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
3.22%
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%
$467,480
$467.5K
Cap Rate 7%
$333,914
$333.9K
Cap Rate 9%
$259,711
$259.7K
Market Conditions
NOI Build-Up for 1,200 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
$35.7K $29.76/SF
− Vacancy
−$2.3K −$1.93/SF
EGI
$33.4K $27.83/SF
− OpEx
−$10.0K −$8.35/SF
NOI
$23.4K $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%
$467,480
Cap Rate 7%
$333,914
Cap Rate 9%
$259,711
Alternative Uses
Best Use
Multifamily LT 5
$333.9K
$292.2K – $389.6K
NOI $23,374 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$294.0K
$257.3K – $343.0K
NOI $20,582 @ 7.0% cap · market cap 2.84%
Theoretical Best
Retail
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 3.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 10530, NY
13,037
Population
6,795
Households
1.9
Avg Household Size
50
Median Age
65%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,343
Density / Sq Mi
$118,114
Median Household Income
$75,575
Median Earnings
$2,334
Median Rent
$445,600
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 - Two apartments, a finished basement, attached garage, and driveway parking support flexible residential use.
Where is this duplex located?
The property is located at 20 S Washington Avenue Hartsdale, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑unit duplex with a vacant two‑bedroom first‑floor apartment; Second‑floor one‑bedroom apartment is tenant occupied; First‑floor apartment includes a recently renovated full bathroom and hardwood floors
