Historic Duplex with Separate
For Sale
$975,000
2930 Gomer Street, Yorktown Heights, NY 10598
Four-bedroom primary residence includes a connected one-bedroom apartment for guests, extended family, office use, or rental income.
Property Size3,428 SF
Days on Market51
Property Features for 2930 Gomer Street
General Information
Standard status
Active
Size
3,428 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,622
Building Details
Building Size
3,428 SF
Year Built
1820
Units
2
Construction
Colonial Farmhouse
Listing Agency:
Keller Williams Realty Partner
(914) 755-5900
Listed By:
Annette M. Cicinelli
(914) 755-5900
Source:
Callexitfirst
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
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 Realty Partner
Investment Insights
Based on property information with market context.
This duplex property combines a four-bedroom, three-bath main residence with an adjoining one-bedroom, one-bath apartment. The layout provides distinct living areas within a historic farmhouse dating to 1820, with preserved character and Mid-Century Modern elements described throughout the home. Local historians have documented the residence, adding verified historical context to the property.
The home is situated in Yorktown Heights near shopping, restaurants, major highways, and public transportation. The separate apartment expands the property’s residential configuration while maintaining a connection to the primary dwelling.
The home is situated in Yorktown Heights near shopping, restaurants, major highways, and public transportation. The separate apartment expands the property’s residential configuration while maintaining a connection to the primary dwelling.
Key Highlights
- Main residence includes 4 bedrooms and 3 full baths
- Adjoining apartment offers 1 bedroom and 1 bath
- Property dates to 1820
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
$66,770
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
6.85%
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%
$1,335,400
$1.3M
Cap Rate 7%
$953,857
$953.9K
Cap Rate 9%
$741,889
$741.9K
Market Conditions
NOI Build-Up for 3,428 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
$102.0K $29.76/SF
− Vacancy
−$6.6K −$1.93/SF
EGI
$95.4K $27.83/SF
− OpEx
−$28.6K −$8.35/SF
NOI
$66.8K $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%
$1,335,400
Cap Rate 7%
$953,857
Cap Rate 9%
$741,889
Alternative Uses
Best Use
Multifamily LT 5
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$839.9K
$735.0K – $979.9K
NOI $58,796 @ 7.0% cap · market cap 6.03%
Theoretical Best
Retail
$1.04M
$906.0K – $1.21M
NOI $72,483 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 10598, NY
29,040
Population
10,994
Households
2.6
Avg Household Size
45
Median Age
58%
College-Educated
94%
High-School Grad
25.3 sq mi
ZIP Area
1,148
Density / Sq Mi
$163,040
Median Household Income
$75,367
Median Earnings
$2,286
Median Rent
$591,300
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 - Four-bedroom primary residence includes a connected one-bedroom apartment for guests, extended family, office use, or rental income.
Where is this duplex located?
The property is located at 2930 Gomer Street Yorktown Heights, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Main residence includes 4 bedrooms and 3 full baths; Adjoining apartment offers 1 bedroom and 1 bath; Property dates to 1820
