Two-Family Home with Finished Third
33 Soundview Street, Portchester, NY 10573
For Sale
$799,000
Separate gas and electric utilities serve each unit, while the upper apartment includes additional finished living space.
Property Size1,843 SF
Days on Market101
Property Features for 33 Soundview Street
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
C. J. Pagano & Sons, Inc.
Listed By:
Christopher Krzeminski · License #10301223659
(914) 447-8768
Source:
Cottiemaxwellrealestate
Added: Aug 1
Changed: Nov 7
Last Checked: Nov 8 at 2:41PM
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 C. J. Pagano & Sons, Inc.
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex offers two residential units with high ceilings, hardwood floors, and a covered front porch. Gas and electric utilities are separately metered for each unit. The second-floor apartment continues into a finished third level, adding usable interior space and flexibility within the upper residence.
The property is located in Port Chester, within walking distance of the Metro-North train station, downtown restaurants, retail shopping, and The Capitol Theatre. It is also near the Village’s redevelopment corridor, where approved and proposed mixed-use projects are planned. The combination of period character, separated utilities, and expanded upper-level space defines the property’s practical configuration.
The property is located in Port Chester, within walking distance of the Metro-North train station, downtown restaurants, retail shopping, and The Capitol Theatre. It is also near the Village’s redevelopment corridor, where approved and proposed mixed-use projects are planned. The combination of period character, separated utilities, and expanded upper-level space defines the property’s practical configuration.
Key Highlights
- Duplex with two residential units
- Built in 1900
- Separate gas and electric utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,898
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,960
$718.0K
Cap Rate 7%
$512,829
$512.8K
Cap Rate 9%
$398,867
$398.9K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$54.8K $29.76/SF
− Vacancy
−$3.6K −$1.93/SF
EGI
$51.3K $27.83/SF
− OpEx
−$15.4K −$8.35/SF
NOI
$35.9K $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%
$717,960
Cap Rate 7%
$512,829
Cap Rate 9%
$398,867
Alternative Uses
Best Use
Multifamily LT 5
$512.8K
$448.7K – $598.3K
NOI $35,898 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$451.6K
$395.1K – $526.9K
NOI $31,611 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,299 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,224
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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Market
Properties on Market for Duplexes in Portchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric utilities serve each unit, while the upper apartment includes additional finished living space.
Where is this duplex located?
The property is located at 33 Soundview Street Portchester, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex with two residential units; Built in 1900; Separate gas and electric utilities for each unit
