Building Details

Building Size 4,380 SF

Year Built 1900

Buildings 1

Listing Agency: Coldwell Banker Realty Show Phone

Listed By: Hassan Mahmood

Source: Hedgestonehomes

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:38PM

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Investment Insights

Based on property information with market context.

This 4,380-square-foot quadplex contains four apartments, all currently vacant. Each unit has gas heat and access to either a porch or the backyard. The building dates to 1900 and includes two basements; one is finished, and the other offers additional space for a future owner to consider. Original details are present, along with wood features noted in the interior information.

Shopping, transportation, schools, the library, and municipal services are within walking distance. The property is located at 22-24 S Eckar in Irvington, New York.

Key Highlights

• Four‑unit residential building with all apartments vacant
• 4,380 square feet; built in 1900
• Two basements, including one finished basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,313

Cap Rate

7.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,706,260 $1.7M

Cap Rate 7%

$1,218,757 $1.2M

Cap Rate 9%

$947,922 $947.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,380 SF

Gross rent

$130.3K $29.76/SF

− Vacancy

−$8.5K −$1.93/SF

EGI

$121.9K $27.83/SF

− OpEx

−$36.6K −$8.35/SF

NOI

$85.3K $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%

$1,706,260

Cap Rate 7%

$1,218,757

Cap Rate 9%

$947,922

Alternative Uses

Best Use

Multifamily LT 5

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,313 @ 7.0% cap · market cap 7.42%

Second Best

Apartment 5plus

$1.07M

$939.1K – $1.25M (±1% cap)

NOI $75,125 @ 7.0% cap · market cap 6.53%

Theoretical Best

Retail

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,613 @ 7.0% cap · market cap 8.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

674

Businesses Nearby

Explore this area Business Placement

Demographics for 10533, NY

7,705

Population

2,999

Households

2.6

Avg Household Size

43

Median Age

85%

College-Educated

98%

High-School Grad

3.6 sq mi

ZIP Area

2,140

Density / Sq Mi

$171,250

Median Household Income

$93,333

Median Earnings

$2,444

Median Rent

$907,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four vacant apartments have gas heat and individual access to a porch or the backyard.

Where is this quadplex located?

The property is located at 22-24 S Eckar Irvington, NY.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Four‑unit residential building with all apartments vacant; 4,380 square feet; built in 1900; Two basements, including one finished basement