Duplex with Private
New
For Sale
$899,000
4 Ridgeview Avenue, White Plains, NY 10606
A full basement adds storage, laundry, and mechanical space to this two-unit residence.
Property Size2,288 SF
Days on Market4
Property Features for 4 Ridgeview Avenue
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
8
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,080
Building Details
Building Size
2,288 SF
Year Built
1924
Buildings
1
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Eric Stein · License #49ST1168831
(914) 346-8255
Source:
Cottiemaxwellrealestate
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:52PM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
Built in 1924, this duplex has two units, each with its own entrance. The full basement contains storage, laundry, and a mechanical room. Outside, the property includes a backyard and a private driveway with room for up to 8 cars.
The home is at 4 Ridgeview Avenue in White Plains, near downtown, Metro-North service, bus stops, and I-287. The Westchester Mall, City Center, restaurants, and shops are also nearby.
The home is at 4 Ridgeview Avenue in White Plains, near downtown, Metro-North service, bus stops, and I-287. The Westchester Mall, City Center, restaurants, and shops are also nearby.
Key Highlights
- Two‑unit duplex with a separate entrance for each unit
- Full basement includes storage, laundry, and a mechanical room
- Private driveway accommodates up to 8 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,300
$891.3K
Cap Rate 7%
$636,643
$636.6K
Cap Rate 9%
$495,167
$495.2K
Market Conditions
NOI Build-Up for 2,288 SF
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.
Gross rent
$68.1K $29.76/SF
− Vacancy
−$4.4K −$1.93/SF
EGI
$63.7K $27.83/SF
− OpEx
−$19.1K −$8.35/SF
NOI
$44.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,300
Cap Rate 7%
$636,643
Cap Rate 9%
$495,167
Alternative Uses
Best Use
Multifamily LT 5
$636.6K
$557.1K – $742.8K
NOI $44,565 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$560.6K
$490.5K – $654.1K
NOI $39,243 @ 7.0% cap · market cap 4.37%
Theoretical Best
Retail
$691.1K
$604.7K – $806.3K
NOI $48,379 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 10606, NY
16,929
Population
6,920
Households
2.4
Avg Household Size
38
Median Age
45%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
11,286
Density / Sq Mi
$114,956
Median Household Income
$56,651
Median Earnings
$2,452
Median Rent
$667,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A full basement adds storage, laundry, and mechanical space to this two-unit residence.
Where is this duplex located?
The property is located at 4 Ridgeview Avenue White Plains, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with a separate entrance for each unit; Full basement includes storage, laundry, and a mechanical room; Private driveway accommodates up to 8 cars
