Building Details

Year Built 1964

Buildings 1

Listing Agency: Show Phone

Listed By: Craig May

Source: Hedgestonehomes

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:30PM

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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 Craig May

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Investment Insights

Based on property information with market context.

This 1964 duplex contains two matching apartments, each arranged with three bedrooms and one full bathroom. Kitchens and dining areas sit toward the front, with living rooms beyond and the bedrooms grouped on the opposite side. The ground-floor apartment opens to the backyard through patio doors. An attached garage, driveway parking, and an unfinished basement currently used for storage round out the property. The basement also provides additional interior space for future use. The home is within a five-minute walk of the Crestwood Metro-North station, with rail service to Grand Central Terminal taking approximately 44 minutes. The property is in Tuckahoe and falls within the Eastchester school district.

Key Highlights

• Two apartments, each with 3 bedrooms and 1 full bathroom
• Crestwood Metro‑North station is a 5‑minute walk away; train ride to Grand Central Terminal is approximately 44 minutes
• Attached 1–2 car garage and driveway space for one additional vehicle

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,329

Cap Rate

6.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,580 $1.7M

Cap Rate 7%

$1,204,700 $1.2M

Cap Rate 9%

$936,989 $937.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,485 SF

Gross rent

$131.7K $37.80/SF

− Vacancy

−$11.3K −$3.23/SF

EGI

$120.5K $34.57/SF

− OpEx

−$36.1K −$10.37/SF

NOI

$84.3K $24.20/SF

Area

Yonkers, NY

Vacancy

8.55%

Lease Rate

$37.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,686,580

Cap Rate 7%

$1,204,700

Cap Rate 9%

$936,989

Alternative Uses

Best Use

Multifamily LT 5

$1.20M

$1.05M – $1.41M (±1% cap)

NOI $84,329 @ 7.0% cap · market cap 6.75%

Second Best

Apartment 5plus

$1.11M

$968.1K – $1.29M (±1% cap)

NOI $77,444 @ 7.0% cap · market cap 6.20%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,055

Businesses Nearby

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Demographics for 10707, NY

10,553

Population

4,186

Households

2.5

Avg Household Size

42

Median Age

62%

College-Educated

93%

High-School Grad

1.3 sq mi

ZIP Area

8,118

Density / Sq Mi

$141,837

Median Household Income

$71,443

Median Earnings

$2,051

Median Rent

$718,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two matching residences feature separate kitchens, dining areas, living rooms, and bedroom wings.

Where is this duplex located?

The property is located at 396 Columbus Avenue Tuckahoe, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; Crestwood Metro‑North station is a 5‑minute walk away; train ride to Grand Central Terminal is approximately 44 minutes; Attached 1–2 car garage and driveway space for one additional vehicle