Building Details

Year Built 1931

Buildings 1

Listing Agency: Momentum Real Estate LLC

Listed By: Wei Liang Zhen · License #10401369421 Show Phone

Source: Statenislandhomelistings

Added: Sep 23 Changed: Oct 11 Last Checked: Oct 12 at 8:40PM

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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 Momentum Real Estate LLC

Investment Insights

Based on property information with market context.

This 2,816-square-foot duplex contains two residences, each arranged with two bedrooms, one full bathroom, a living room, dining room, and kitchen. The finished attic and finished basement add interior space; the basement also has a three-quarter bathroom. Separate entrances serve the units, and two built-in garages provide on-site parking and storage.

The property occupies an approximately 7,366-square-foot lot measuring about 75 by 100 feet, with a backyard. Located at 338 Columbus Ave in West Harrison, New York, the home was built in 1931.

Key Highlights

• Two residences, each with 2 bedrooms and 1 full bathroom
• 2,816‑square‑foot building
• Two built‑in garages

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,850

Cap Rate

4.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,097,000 $1.1M

Cap Rate 7%

$783,571 $783.6K

Cap Rate 9%

$609,444 $609.4K

Market Conditions

NOI Build-Up for 2,816 SF

Gross rent

$83.8K $29.76/SF

− Vacancy

−$5.4K −$1.93/SF

EGI

$78.4K $27.83/SF

− OpEx

−$23.5K −$8.35/SF

NOI

$54.8K $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 Rate 5%

$1,097,000

Cap Rate 7%

$783,571

Cap Rate 9%

$609,444

Alternative Uses

Best Use

Multifamily LT 5

$783.6K

$685.6K – $914.2K (±1% cap)

NOI $54,850 @ 7.0% cap · market cap 4.99%

Second Best

Apartment 5plus

$690.0K

$603.7K – $805.0K (±1% cap)

NOI $48,299 @ 7.0% cap · market cap 4.39%

Theoretical Best

Retail

$850.6K

$744.3K – $992.4K (±1% cap)

NOI $59,543 @ 7.0% cap · market cap 5.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Jinny F. Gerstle, ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Big Box & Wholesale Store Electrical Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

277

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Both residences have separate entrances, and the property includes finished attic and basement space.

Where is this duplex located?

The property is located at 338 Columbus Ave West Harrison, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 2,816‑square‑foot building; Two built‑in garages