Duplex with Detached
29-31 N Ridge Street, Rye Brook, NY 10573
For Sale
$875,000
Pending
Two attached residences provide private entrances, separate utilities, and dedicated outdoor spaces.
Property Size2,614 SF
Lot Size0.50 Acres
Days on Market99
Property Features for 29-31 N Ridge Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered patios
fenced backyard
gardens
walk-up attic
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams NY Realty
Listed By:
Brittany A Sandarciero
(914) 437-6294
Source:
Cottiemaxwellrealestate
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 8 at 12:37PM
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 Keller Williams NY Realty
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Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains two attached residences arranged in a townhome-style configuration. Each unit has a private entrance, separate utilities, an unfinished basement, and its own outdoor area. Both residences include living rooms, formal dining rooms, hardwood flooring, and kitchens with sliding doors opening to covered rear patios. The fenced backyard includes mature plantings and established gardens.
Unit 29 offers 2 bedrooms and 1 bathroom, along with a walk-up attic for additional storage. Unit 31 includes 2 bedrooms and 2 bathrooms, with one full bathroom on each level. An expansive driveway accommodates 8+ vehicles and leads to a detached 2-car garage. The property also includes separate gas cooking service, individual 275-gallon oil tanks, and baseboard heating.
Unit 29 offers 2 bedrooms and 1 bathroom, along with a walk-up attic for additional storage. Unit 31 includes 2 bedrooms and 2 bathrooms, with one full bathroom on each level. An expansive driveway accommodates 8+ vehicles and leads to a detached 2-car garage. The property also includes separate gas cooking service, individual 275-gallon oil tanks, and baseboard heating.
Key Highlights
- Two attached residences on a 0.5‑acre lot
- Unit 29: 2 bedrooms, 1 bathroom, and walk‑up attic
- Unit 31: 2 bedrooms and 2 bathrooms across two levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,915
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,300
$1.0M
Cap Rate 7%
$727,357
$727.4K
Cap Rate 9%
$565,722
$565.7K
Market Conditions
NOI Build-Up for 2,614 SF
Gross rent
$77.8K $29.76/SF
− Vacancy
−$5.1K −$1.93/SF
EGI
$72.7K $27.83/SF
− OpEx
−$21.8K −$8.35/SF
NOI
$50.9K $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%
$1,018,300
Cap Rate 7%
$727,357
Cap Rate 9%
$565,722
Alternative Uses
Best Use
Multifamily LT 5
$727.4K
$636.4K – $848.6K
NOI $50,915 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$640.5K
$560.4K – $747.3K
NOI $44,835 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $120,982 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 10573, NY
41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
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 Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences provide private entrances, separate utilities, and dedicated outdoor spaces.
Where is this duplex located?
The property is located at 29-31 N Ridge Street Rye Brook, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two attached residences on a 0.5‑acre lot; Unit 29: 2 bedrooms, 1 bathroom, and walk‑up attic; Unit 31: 2 bedrooms and 2 bathrooms across two levels
