Two-Unit Colonial
For Sale
$649,000
34 Cedar Street, Sleepy Hollow, NY 10591
The upper apartment has two bedrooms, while the main residence offers three bedrooms and access to the backyard.
Property Size1,991 SF
Price / SF$325.97
Days on Market160
Property Features for 34 Cedar Street
General Information
Standard status
Active
Size
1,991 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,201
Building Details
Building Size
1,991 SF
Year Built
1900
Buildings
1
Construction
Colonial
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Audrey Moore
(914) 328-0333
Source:
Prodealre
Added: May 22
Changed: Oct 27
Last Checked: Oct 27 at 4:40AM
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 Howard Hanna Rand Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this Colonial is configured as a two-unit property. The upper apartment has two bedrooms, partial river and bridge views, and attic storage. The main residence spans the entry-level living room, den or office, primary bedroom, and full bathroom, with two additional bedrooms, an eat-in kitchen, and a mudroom on the lower level. Washer and dryer hookups are present, and the mudroom opens to the backyard. The property is being sold as-is and needs work; the roof was replaced 15 years ago.
The home is a few blocks from the Hudson River and near Sleepy Hollow Cemetery, Old Dutch Church tours, and the Headless Horseman Bridge. There is no off-street parking or garage.
The home is a few blocks from the Hudson River and near Sleepy Hollow Cemetery, Old Dutch Church tours, and the Headless Horseman Bridge. There is no off-street parking or garage.
Key Highlights
- Two‑unit Colonial built in 1900
- Upper apartment has 2 bedrooms and partial river and bridge views
- Main residence has 3 bedrooms, a den or office, and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,781
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,620
$775.6K
Cap Rate 7%
$554,014
$554.0K
Cap Rate 9%
$430,900
$430.9K
Market Conditions
NOI Build-Up for 1,991 SF
Gross rent
$59.3K $29.76/SF
− Vacancy
−$3.9K −$1.93/SF
EGI
$55.4K $27.83/SF
− OpEx
−$16.6K −$8.35/SF
NOI
$38.8K $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%
$775,620
Cap Rate 7%
$554,014
Cap Rate 9%
$430,900
Alternative Uses
Best Use
Multifamily LT 5
$554.0K
$484.8K – $646.4K
NOI $38,781 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$487.8K
$426.9K – $569.2K
NOI $34,149 @ 7.0% cap · market cap 5.26%
Theoretical Best
Retail
$601.4K
$526.2K – $701.7K
NOI $42,099 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
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Business Placement
Demographics for 10591, NY
23,301
Population
10,566
Households
2.2
Avg Household Size
41
Median Age
54%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
2,479
Density / Sq Mi
$103,480
Median Household Income
$61,537
Median Earnings
$1,943
Median Rent
$661,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper apartment has two bedrooms, while the main residence offers three bedrooms and access to the backyard.
Where is this duplex located?
The property is located at 34 Cedar Street Sleepy Hollow, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit Colonial built in 1900; Upper apartment has 2 bedrooms and partial river and bridge views; Main residence has 3 bedrooms, a den or office, and an eat‑in kitchen
