Side-by-Side
For Sale
$1,495,000
Pending
220-222 Carol Avenue, Pelham, NY 10803
Separate heating, hot water, gas, and electric systems serve the two residences.
Property Size3,204 SF
Days on Market11
Property Features for 220-222 Carol Avenue
General Information
Standard status
Pending
Size
3,204 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$34,962
Amenities
Full
Hardwood
3
Yes
6
Eat-in Kitchen,Formal Dining
2
Living Room
Public
4
No
Attached, Driveway
3204
Public Maintained Road
Building Details
Building Size
3,204 SF
Year Built
1929
Listing Agency:
ERA Insite Realty Services
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 ERA Insite Realty Services
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Investment Insights
Based on property information with market context.
This 1929 duplex is arranged as two side-by-side residences, each with an eat-in kitchen, formal dining room, living room with fireplace, and three bedrooms. Both homes have a full basement with laundry and storage. Unit 222 also has a den, powder room, and pull-down attic access; its den is heated. Separate furnaces, hot water heaters, gas meters, and electric meters serve the residences.
The property has two level, landscaped rear yards, a paved front area, and a roof replaced approximately eight years ago. Shops, restaurants, parks, neighborhood amenities, and Pelham Metro-North are within walking distance.
The property has two level, landscaped rear yards, a paved front area, and a roof replaced approximately eight years ago. Shops, restaurants, parks, neighborhood amenities, and Pelham Metro-North are within walking distance.
Key Highlights
- Two side‑by‑side residences, each with three bedrooms
- Separate furnaces, hot water heaters, gas meters, and electric meters
- Full basement with laundry and storage in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,407
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,140
$1.2M
Cap Rate 7%
$891,529
$891.5K
Cap Rate 9%
$693,411
$693.4K
Market Conditions
NOI Build-Up for 3,204 SF
Gross rent
$95.4K $29.76/SF
− Vacancy
−$6.2K −$1.93/SF
EGI
$89.2K $27.83/SF
− OpEx
−$26.7K −$8.35/SF
NOI
$62.4K $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 Rate 5%
$1,248,140
Cap Rate 7%
$891,529
Cap Rate 9%
$693,411
Alternative Uses
Best Use
Multifamily LT 5
$891.5K
$780.1K – $1.04M
NOI $62,407 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$785.1K
$686.9K – $915.9K
NOI $54,954 @ 7.0% cap · market cap 3.68%
Theoretical Best
Retail
$967.8K
$846.8K – $1.13M
NOI $67,747 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
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Business Placement
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
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 - Separate heating, hot water, gas, and electric systems serve the two residences.
Where is this duplex located?
The property is located at 220-222 Carol Avenue Pelham, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with three bedrooms; Separate furnaces, hot water heaters, gas meters, and electric meters; Full basement with laundry and storage in each residence
