Two-Unit Duplex with Finished
For Sale
$589,000
208 N James Street, Peekskill, NY 10566
Two separate residences offer distinct layouts, including an upper-floor apartment with additional finished attic space.
Property Size1,140 SF
Price / SF$516.67
Days on Market156
Property Features for 208 N James Street
General Information
Standard status
Active
Size
1,140 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,989
Amenities
Eat-in Kitchen
Building Details
Building Size
1,140 SF
Year Built
1965
Buildings
1
Units
2
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: May 22
Changed: Oct 23
Last Checked: Oct 23 at 5:23PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
This 1965 duplex contains two residences with different layouts. The lower unit spans two levels, with a kitchen and dining area, two bedrooms, a full bathroom, and a living or family room. Its entrances are on both floors. The second-floor apartment has one bedroom, an eat-in kitchen, and access to a finished walk-up attic. The property totals 1,140 square feet, and off-street parking accommodates two cars.
The home is at 208 N James Street in Peekskill, two blocks north of Main Street. Shopping, restaurants, schools, a library, parks, and the Paramount Theater are nearby.
The home is at 208 N James Street in Peekskill, two blocks north of Main Street. Shopping, restaurants, schools, a library, parks, and the Paramount Theater are nearby.
Key Highlights
- Two residential units with distinct layouts
- Lower duplex unit has two bedrooms, a full bath, and entrances on both levels
- Second‑floor unit includes one bedroom and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,205
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,100
$444.1K
Cap Rate 7%
$317,214
$317.2K
Cap Rate 9%
$246,722
$246.7K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$33.9K $29.76/SF
− Vacancy
−$2.2K −$1.93/SF
EGI
$31.7K $27.83/SF
− OpEx
−$9.5K −$8.35/SF
NOI
$22.2K $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%
$444,100
Cap Rate 7%
$317,214
Cap Rate 9%
$246,722
Alternative Uses
Best Use
Multifamily LT 5
$317.2K
$277.6K – $370.1K
NOI $22,205 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$279.3K
$244.4K – $325.9K
NOI $19,553 @ 7.0% cap · market cap 3.32%
Theoretical Best
Retail
$344.4K
$301.3K – $401.8K
NOI $24,105 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
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Business Placement
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
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 separate residences offer distinct layouts, including an upper-floor apartment with additional finished attic space.
Where is this duplex located?
The property is located at 208 N James Street Peekskill, NY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two residential units with distinct layouts; Lower duplex unit has two bedrooms, a full bath, and entrances on both levels; Second‑floor unit includes one bedroom and an eat‑in kitchen
