Gated-Entry
New
For Sale
$779,000
325 N Terrace Avenue, Mount Vernon, NY 10550
Two kitchens and baths serve distinct living areas, with a front porch and garden space outside.
Property Size2,300 SF
Price / SF$338.70
Days on Market3
Property Features for 325 N Terrace Avenue
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Triplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,836
Building Details
Year Built
1900
Listing Agency:
KDP Global Realty LLC
Listed By:
Kwaku Dapaah · License #10491211972
(347) 338-1770
Source:
Shawmetro
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 1:57PM
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 KDP Global Realty LLC
Investment Insights
Based on property information with market context.
This legal duplex in Mount Vernon contains approximately 2,300 square feet across two residences. Each unit has living space, a kitchen, and a bath. A gated entrance, front porch, and garden area are among the exterior features. The property was built in 1900 and is being sold as-is.
Key Highlights
- Legal two‑family property with two residences
- Approximately 2,300 square feet
- Living areas, kitchens, and baths in the unit configuration
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
$44,799
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
5.75%
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%
$895,980
$896.0K
Cap Rate 7%
$639,986
$640.0K
Cap Rate 9%
$497,767
$497.8K
Market Conditions
NOI Build-Up for 2,300 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
$68.4K $29.76/SF
− Vacancy
−$4.4K −$1.93/SF
EGI
$64.0K $27.83/SF
− OpEx
−$19.2K −$8.35/SF
NOI
$44.8K $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%
$895,980
Cap Rate 7%
$639,986
Cap Rate 9%
$497,767
Alternative Uses
Best Use
Multifamily LT 5
$640.0K
$560.0K – $746.7K
NOI $44,799 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$563.6K
$493.1K – $657.5K
NOI $39,449 @ 7.0% cap · market cap 5.06%
Theoretical Best
Retail
$694.7K
$607.9K – $810.5K
NOI $48,632 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two kitchens and baths serve distinct living areas, with a front porch and garden space outside.
Where is this duplex located?
The property is located at 325 N Terrace Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Legal two‑family property with two residences; Approximately 2,300 square feet; Living areas, kitchens, and baths in the unit configuration
