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    Harrison Triplex: Value-Add Opportunity Title is generated by Realmo AI

    25 Fremont Street, Harrison, NY 10528

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    For Sale
    $1,600,000

    MULTI_FAMILY - Colonial, Contemporary - Harrison, NY

    Lot size:
    0.13 Acres
    Added:
    Jun 25, 2025
    Days on Market:
    326
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 25 Fremont Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 9, Dining Room, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 8
    Parking features
    On Street, Driveway
    Interior features
    First Floor Bedroom, First Floor Full Bath, Formal Dining, High Speed Internet
    Standard status
    Active
    APN
    2801-000-043-00000-000-0008
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    20959

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1928
    Number of units
    3
    Building materials
    Frame, Stone, Stucco
    Architectural style
    Contemporary, Colonial

    We can help!

    Listing Contact
    Matthew Warbet
    Matthew Warbet

    Listing agent Matthew Warbet License #10301219429

    Listing office Keller Williams Hudson Valley 10 Esquire Rd. Ste #4, New City, NY

    Listing date Jun 25, 2025

    MLS# 863987 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑Performing Investment: Generates a 7%+ cap rate with immediate value‑add potential.
    • Strong Cash Flow: Current net operating income of $114,639 with monthly rent roll of $12,655.
    • Value‑Add Opportunity: Untapped income potential from a 2‑car garage, estimated at $750-$1,000/month.
    • Fully Leased: Property is 100% occupied, providing immediate and consistent income.
    • Desirable Location: Situated on a quiet dead‑end street with convenient access to Metro‑North, shops, and top‑rated schools.
    • In‑Unit Laundry: Each unit is equipped with in‑unit laundry, a highly desirable amenity for tenants.

    Overview

    This fully leased triplex in Harrison generates a cap rate of 7%+, with potential for immediate value-add improvements. The property's current monthly rent roll totals $12,655, with annual expenses of $37,221, resulting in a net operating income of $114,639. The unit breakdown includes a 4-bedroom, 1-bathroom unit renting for $4,450 per month, a 3-bedroom, 1-bathroom unit renting for $4,300 per month, and a 2-bedroom, 2-bathroom unit renting for $3,905 per month. Tenants are responsible for electric and gas expenses, except in the 2-bedroom unit, where the landlord covers utilities. Each unit is equipped with in-unit laundry. A large 2-car garage presents an opportunity to add $750-$1,000 per month in storage income, potentially increasing the cap rate to nearly 8%. Rents may be below market value and could be raised over time as leases roll over. The property is located on a quiet dead-end street, offering a short commute to Metro-North, shops, and highly-rated schools. This property is situated on a lot of 0.13 acres and offers long-term rental stability in a high-demand Westchester market. The property is currently fully occupied and cash flowing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Westchester
    State
    New York
    Longitude
    -73.721747
    Latitude
    40.961901

    Nearby Similar for Sale

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      Updated Two-Family Home

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    • $299,000
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      Restaurant Business Opportunity in Harrison

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    FAQs

    What type of property is this?
    Triplex - Fully leased triplex in Harrison with immediate value-add upside.
    Where is this triplex located?
    The property is located at 25 Fremont Street Harrison, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: High‑Performing Investment: Generates a 7%+ cap rate with immediate value‑add potential.; Strong Cash Flow: Current net operating income of $114,639 with monthly rent roll of $12,655.; Value‑Add Opportunity: Untapped income potential from a 2‑car garage, estimated at $750-$1,000/month.
    (917) 834-0159
    We can help!
    Listing Contact
    Matthew Warbet
    Matthew Warbet
    Real Estate License ID: 10301219429
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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