Spacious Colonial Two-Family
39 Neptune Ave, New Rochelle, NY 10805
Grand 4,842 sq. ft. Colonial in New Rochelle.
Type:Investment
Property size:
4,842 SFLot size:
0.24 AcresPrice / SF:
$288/SF- Added:
- Mar 24, 2026
- Days on Market:
- 54
- Last Refresh:
- Mar 22 at 9:48 am
Property Features for 39 Neptune Ave
General Information
- Standard status
- Active
- Size
- 4,842 SF
- Lot size
- 0.24 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1914
Listing agent Glorianne Mattesi License #30MA0635194
Listing office Douglas Elliman Real Estate (914) 393-6990
Listing date Mar 24, 2026
Source Elliman
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 Douglas Elliman Real Estate
HighLights
- Expansive 4,842 sq. ft. two‑family Colonial residence offering multi‑generational living potential.
- Prime location minutes from Glen Island Beach & Park, Long Island Sound beaches, marinas, waterfront parks, local shops, and Metro‑North.
- Architectural charm with four fireplaces and beautiful beamed ceilings.
- First floor features a modern dine‑in kitchen and a spacious primary bedroom with stone fireplace, plus a covered porch.
- Second and third floors offer versatility with a dine‑in kitchen, formal dining room with fireplace, three large bedrooms, a home office, and two full baths.
- Built in 1914, this home offers timeless elegance and character.
Overview
This grand 4,842 sq. ft. Colonial is located on a tree-lined street in New Rochelle. This two-family residence features architectural charm, including four fireplaces and beamed ceilings, across three floors. The first floor, spanning 2,182 sq. ft., includes an entry hall leading to formal living and dining rooms, each with a fireplace, a covered porch, a dine-in kitchen, a primary bedroom with a stone fireplace, two additional bedrooms, a hall bath, and a laundry/mudroom. The second and third floors, totaling 2,660 sq. ft., offer a dine-in kitchen, a formal dining room with a fireplace, a living room, three bedrooms, a home office, and two full baths. The top floor provides two additional bedrooms, a bath, and a bonus office space. The property is located minutes from Glen Island Beach & Park, Long Island Sound beaches, marinas, waterfront parks, local shops, and Metro-North, offering multi-generational living potential.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.05M
NOI $94,312 @ 9.00% cap · cautious / downside scenario
Moderate
$1.35M
NOI $94,312 @ 7.00% cap · market / base-case scenario
Aggressive
$1.89M
NOI $94,312 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.1k | $29.76 |
| − Vacancy | −$9.4k | −$1.93 |
| EGI | $134.7k | $27.83 |
| − OpEx | −$40.4k | −$8.35 |
| NOI | $94.3k | $19.48 |
4,842 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,312 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,049 @ 7.0% cap · market cap 5.94%
Theoretical Best
Retail
$1.46M
$1.28M – $1.71M
NOI $102,382 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Rochelle
- County
- Westchester
- State
- New York
- Longitude
- -73.7884695
- Latitude
- 40.8973643
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Grand 4,842 sq. ft. Colonial in New Rochelle.
Where is this duplex located?
The property is located at 39 Neptune Ave New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Expansive 4,842 sq. ft. two‑family Colonial residence offering multi‑generational living potential.; Prime location minutes from Glen Island Beach & Park, Long Island Sound beaches, marinas, waterfront parks, local shops, and Metro‑North.; Architectural charm with **four fireplaces and beautiful beamed ceilings.**
