Duplex with Updated
For Sale
$750,000
30-32 Lincoln Place, Ossining, NY 10562
Two residences feature independent entrances, separate laundry areas, and off-street parking.
Property Size2,479 SF
Price / SF$302.54
Days on Market11
Property Features for 30-32 Lincoln Place
General Information
Standard status
Active
Size
2,479 SF
Total Parking Spaces
6
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$20,800
Amenities
hardwood floors
wood burning fireplace
deck
laundry areas
storage
Building Details
Building Size
2,479 SF
Year Built
1989
Buildings
1
Listing Agency:
Kane & Associates
Listed By:
Gregory Kane · License #10311206146
(914) 941-7020
Source:
Ginerrealty
Added: Oct 18
Changed: Oct 27
Last Checked: Oct 27 at 3:56AM
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 Kane & Associates
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Investment Insights
Based on property information with market context.
Built in 1989, this 2,479-square-foot duplex contains two apartments. The lower residence has two bedrooms, 1.5 baths, and a tri-level layout with a basement recreation room offering an additional 300 square feet. Its kitchen has been updated with quartz counters, soft-close cabinets, and stainless appliances; hardwood floors, a wood-burning fireplace, and a deck are also included. The upper apartment has two bedrooms, one bath, and hardwood flooring.
The property includes a two-car garage and off-street parking for four vehicles. Each apartment has its own entrance, and the building has two laundry areas and storage. The home is three blocks from the village center, shops, public transportation, parks, and the Metro-North Railroad station.
The property includes a two-car garage and off-street parking for four vehicles. Each apartment has its own entrance, and the building has two laundry areas and storage. The home is three blocks from the village center, shops, public transportation, parks, and the Metro-North Railroad station.
Key Highlights
- Two apartments: one with 2 bedrooms and 1.5 baths; the other with 2 bedrooms and 1 bath
- Lower apartment includes a tri‑level plan and basement recreation room with an additional 300 square feet
- Updated lower‑unit kitchen with quartz counters, soft‑close cabinets, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,286
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,720
$965.7K
Cap Rate 7%
$689,800
$689.8K
Cap Rate 9%
$536,511
$536.5K
Market Conditions
NOI Build-Up for 2,479 SF
Gross rent
$73.8K $29.76/SF
− Vacancy
−$4.8K −$1.93/SF
EGI
$69.0K $27.83/SF
− OpEx
−$20.7K −$8.35/SF
NOI
$48.3K $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%
$965,720
Cap Rate 7%
$689,800
Cap Rate 9%
$536,511
Alternative Uses
Best Use
Multifamily LT 5
$689.8K
$603.6K – $804.8K
NOI $48,286 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$607.4K
$531.5K – $708.7K
NOI $42,519 @ 7.0% cap · market cap 5.67%
Theoretical Best
Retail
$748.8K
$655.2K – $873.6K
NOI $52,417 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 10562, NY
34,252
Population
12,745
Households
2.7
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
2,537
Density / Sq Mi
$113,069
Median Household Income
$53,499
Median Earnings
$2,118
Median Rent
$486,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature independent entrances, separate laundry areas, and off-street parking.
Where is this duplex located?
The property is located at 30-32 Lincoln Place Ossining, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1.5 baths; the other with 2 bedrooms and 1 bath; Lower apartment includes a tri‑level plan and basement recreation room with an additional 300 square feet; Updated lower‑unit kitchen with quartz counters, soft‑close cabinets, and stainless appliances
