Seven-Unit Victorian Apartment
For Sale
$1,750,000
218 N James St, Peekskill, NY 10566
Renovated three-story property with tenant-paid utilities, shared off-street parking, video intercoms, and basement storage.
Property Size5,665 SF
Days on Market50
Property Features for 218 N James St
General Information
Standard status
Active
Size
5,665 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$33,916
Amenities
video intercom system
basement storage
off-street parking
Building Details
Building Size
5,665 SF
Year Built
1900
Year Renovated
2019
Buildings
1
Stories
3
Units
7
Listing Agency:
Compass Greater NY, LLC
Listed By:
Patricia A. Wagner
(914) 391-4760
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 4:32PM
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 Compass Greater NY, LLC
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Investment Insights
Based on property information with market context.
This Victorian multifamily property at 218 N James St comprises seven apartments within a three-story building. The layout includes two apartments on each floor, along with a windowed basement-level unit. Interior renovations were completed in 2019, and the exterior was also refreshed. Each apartment has a video intercom system, while the basement provides additional storage space.
All units are currently leased on a month-to-month basis, and tenants pay their own utilities. Shared off-street parking is available behind the building. The property is in Peekskill, with access to Metro-North, shopping, dining, entertainment, parks, and the downtown area. The source information also identifies potential for adding laundry facilities.
All units are currently leased on a month-to-month basis, and tenants pay their own utilities. Shared off-street parking is available behind the building. The property is in Peekskill, with access to Metro-North, shopping, dining, entertainment, parks, and the downtown area. The source information also identifies potential for adding laundry facilities.
Key Highlights
- Seven‑unit Victorian multifamily property at 218 N James St, Peekskill, NY 10566
- Three‑story building with two apartments per floor plus a windowed basement‑level unit
- Interior fully renovated in 2019; exterior also refreshed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,165
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,300
$1.9M
Cap Rate 7%
$1,388,071
$1.4M
Cap Rate 9%
$1,079,611
$1.1M
Market Conditions
NOI Build-Up for 5,665 SF
Gross rent
$186.9K $33.00/SF
− Vacancy
−$10.3K −$1.82/SF
EGI
$176.7K $31.19/SF
− OpEx
−$79.5K −$14.03/SF
NOI
$97.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,300
Cap Rate 7%
$1,388,071
Cap Rate 9%
$1,079,611
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,165 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.71M
$1.50M – $2.00M
NOI $119,783 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated three-story property with tenant-paid utilities, shared off-street parking, video intercoms, and basement storage.
Where is this apartment building located?
The property is located at 218 N James St Peekskill, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Seven‑unit Victorian multifamily property at 218 N James St, Peekskill, NY 10566; Three‑story building with two apartments per floor plus a windowed basement‑level unit; Interior fully renovated in 2019; exterior also refreshed
