Brand-New Duplex with Designer
For Sale
Contact for pricing
Pending
23 Hudson Avenue, Irvington, NY 10533
Modern two-family residence with hardwood floors, quartz kitchen finishes, central AC, and garage parking.
Property Size3,441 SF
Days on Market85
Property Features for 23 Hudson Avenue
General Information
Standard status
Pending
Size
3,441 SF
Total Parking Spaces
2
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,870
Building Details
Building Size
3,441 SF
Year Built
2026
Buildings
1
Tenancy
Multi
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Sherry Wiggs
(914) 879-1191
Source:
Totallywestchester
Added: Jun 16
Changed: Sep 8
Last Checked: Sep 8 at 12:04PM
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 Houlihan Lawrence Inc.
Investment Insights
Based on property information with market context.
This brand-new duplex is configured as a two-family house and includes a 4-bedroom residence with 2.5 bathrooms. The interior features an open-concept layout, wide-plank hardwood flooring, a built-in linear fireplace, and abundant natural light. The designer kitchen includes quartz countertops, a quartz island, sleek cabinetry, and stainless steel appliances. In-unit laundry, central AC, and hydro-air heating provide additional everyday functionality. Garage parking for 2 cars is included.
Located at 23 Hudson Ave in Irvington, the property is near riverfront parks, local dining, and Metro-North Railroad service for access to New York City. The residence combines contemporary interior finishes with a two-family configuration in a Hudson River town setting.
Located at 23 Hudson Ave in Irvington, the property is near riverfront parks, local dining, and Metro-North Railroad service for access to New York City. The residence combines contemporary interior finishes with a two-family configuration in a Hudson River town setting.
Key Highlights
- Brand‑new two‑family house with a 4‑bedroom duplex residence
- 2.5 bathrooms with spa‑inspired finishes
- Designer kitchen with quartz countertops, quartz island, and stainless steel appliances
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
$67,024
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
4.20%
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%
$1,340,480
$1.3M
Cap Rate 7%
$957,486
$957.5K
Cap Rate 9%
$744,711
$744.7K
Market Conditions
NOI Build-Up for 3,441 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
$102.4K $29.76/SF
− Vacancy
−$6.7K −$1.93/SF
EGI
$95.7K $27.83/SF
− OpEx
−$28.7K −$8.35/SF
NOI
$67.0K $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%
$1,340,480
Cap Rate 7%
$957,486
Cap Rate 9%
$744,711
Alternative Uses
Best Use
Multifamily LT 5
$957.5K
$837.8K – $1.12M
NOI $67,024 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$843.1K
$737.7K – $983.7K
NOI $59,019 @ 7.0% cap · market cap 3.70%
Theoretical Best
Retail
$1.04M
$909.5K – $1.21M
NOI $72,758 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
269
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Modern two-family residence with hardwood floors, quartz kitchen finishes, central AC, and garage parking.
Where is this duplex located?
The property is located at 23 Hudson Avenue Irvington, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Brand‑new two‑family house with a 4‑bedroom duplex residence; 2.5 bathrooms with spa‑inspired finishes; Designer kitchen with quartz countertops, quartz island, and stainless steel appliances
