Duplex with Finished Walkout Lower
285 Centre Avenue, New Rochelle, NY 10805
For Sale
$1,229,999
Both residences offer three bedrooms and one bathroom, with the property delivered vacant.
Property Size2,160 SF
Price / SF$569.44
Days on Market125
Property Features for 285 Centre Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
pergola
stone patio
deck
landscaping
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Natural Woodwork
Open Floorplan
Open Kitchen
Recessed Lighting
Storage
Washer/Dryer Hookup
Lighting
Mailbox
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Manuel Galan
(917) 599-8976
Source:
Gillianstewart
Added: Jul 8
Changed: Nov 7
Last Checked: Nov 8 at 4:51PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex, built in 2000, contains two residences, each configured with three bedrooms and one bathroom. A finished walkout lower level adds flexible interior space. Recent work includes a new roof, and the interior features hardwood flooring and updated bathrooms. The property will be delivered vacant.
Outdoor amenities include a second-level deck, a stone patio beneath a wooden pergola, and a paved driveway with a turnaround that accommodates up to six cars. The waterfront, Metro-North station, and Isaac E. Young Middle School are within walking distance; shops and dining are a short drive away.
Outdoor amenities include a second-level deck, a stone patio beneath a wooden pergola, and a paved driveway with a turnaround that accommodates up to six cars. The waterfront, Metro-North station, and Isaac E. Young Middle School are within walking distance; shops and dining are a short drive away.
Key Highlights
- Two three‑bedroom, one‑bath residences
- 2,160 square feet; built in 2000
- Finished walkout lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,072
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,440
$841.4K
Cap Rate 7%
$601,029
$601.0K
Cap Rate 9%
$467,467
$467.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$64.3K $29.76/SF
− Vacancy
−$4.2K −$1.93/SF
EGI
$60.1K $27.83/SF
− OpEx
−$18.0K −$8.35/SF
NOI
$42.1K $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%
$841,440
Cap Rate 7%
$601,029
Cap Rate 9%
$467,467
Alternative Uses
Best Use
Multifamily LT 5
$601.0K
$525.9K – $701.2K
NOI $42,072 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,970 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,860
Businesses Nearby
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Business Placement
Demographics for 10805, NY
18,479
Population
8,731
Households
2.1
Avg Household Size
44
Median Age
35%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
10,870
Density / Sq Mi
$89,964
Median Household Income
$53,513
Median Earnings
$2,018
Median Rent
$338,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in New Rochelle
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one bathroom, with the property delivered vacant.
Where is this duplex located?
The property is located at 285 Centre Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,229,999.
What are key features of this property?
This property features: Two three‑bedroom, one‑bath residences; 2,160 square feet; built in 2000; Finished walkout lower level
