Two-Unit Duplex with
New
For Sale
Contact for pricing
295 Columbus Avenue, West Harrison, NY 10604
Two separate residences include a two-bedroom, two-bath main level and a second two-bedroom apartment.
Property Size1,672 SF
Days on Market5
Property Features for 295 Columbus Avenue
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,797
Building Details
Building Size
1,672 SF
Year Built
1924
Listing Agency:
Real Broker NY LLC
Listed By:
Christine Ricci
(914) 403-0179
Source:
Totallywestchester
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 3:20PM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This legal two-family home contains two distinct residences. The main-floor unit offers two bedrooms, two bathrooms, a large kitchen, a separate dining area, and private laundry hookups. The upper residence has two bedrooms and a spacious floor plan with ample natural light. The property was built in 1924 and sits on an oversized lot with an expansive backyard.
The home is in West Harrison and within the Harrison School District.
The home is in West Harrison and within the Harrison School District.
Key Highlights
- Legal two‑family residence
- Main unit has 2 bedrooms, 2 bathrooms, kitchen, dining area, and private laundry hookups
- Upper unit features 2 bedrooms and a spacious, naturally lit layout
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
$32,567
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
3.10%
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%
$651,340
$651.3K
Cap Rate 7%
$465,243
$465.2K
Cap Rate 9%
$361,856
$361.9K
Market Conditions
NOI Build-Up for 1,672 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
$49.8K $29.76/SF
− Vacancy
−$3.2K −$1.93/SF
EGI
$46.5K $27.83/SF
− OpEx
−$14.0K −$8.35/SF
NOI
$32.6K $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%
$651,340
Cap Rate 7%
$465,243
Cap Rate 9%
$361,856
Alternative Uses
Best Use
Multifamily LT 5
$465.2K
$407.1K – $542.8K
NOI $32,567 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$409.7K
$358.5K – $478.0K
NOI $28,678 @ 7.0% cap · market cap 2.73%
Theoretical Best
Retail
$505.1K
$441.9K – $589.2K
NOI $35,354 @ 7.0% cap · market cap 3.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 10604, NY
11,526
Population
4,436
Households
2.6
Avg Household Size
41
Median Age
51%
College-Educated
88%
High-School Grad
6.8 sq mi
ZIP Area
1,695
Density / Sq Mi
$111,131
Median Household Income
$59,291
Median Earnings
$1,968
Median Rent
$814,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a two-bedroom, two-bath main level and a second two-bedroom apartment.
Where is this duplex located?
The property is located at 295 Columbus Avenue West Harrison, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Legal two‑family residence; Main unit has 2 bedrooms, 2 bathrooms, kitchen, dining area, and private laundry hookups; Upper unit features 2 bedrooms and a spacious, naturally lit layout
