Two-Family Home with Covered
For Sale
$1,200,000
Pending
419 Beach Avenue, Mamaroneck, NY 10543
Legal two-family layout includes an oversized main living area, covered porch, and a bright second-floor apartment.
Property Size3,545 SF
Days on Market71
Property Features for 419 Beach Avenue
General Information
Standard status
Pending
Size
3,545 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$23,650
Building Details
Building Size
3,545 SF
Year Built
1962
Listing Agency:
Stetson Real Estate
Listed By:
Mary Stetson
(914) 882-8442
Source:
Cottiemaxwellrealestate
Added: Jul 7
Changed: Sep 8
Last Checked: Sep 15 at 9:45AM
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 Stetson Real Estate
Investment Insights
Based on property information with market context.
Built in 1962, this legal two-family home offers flexible living arrangements for owner-occupants, multi-generational households, or investors. The main residence features an oversized living room that flows into a spacious eat-in kitchen, with direct access to a large covered porch for indoor-outdoor entertaining. Three bedrooms and a full hall bath complete the main level. The lower level adds additional living space with a large recreation room, a laundry area, and a second full bath.
The second-floor apartment is bright and inviting, with two bedrooms, a full bath, an eat-in kitchen, and a sun-filled living room. The property also includes an expansive level backyard.
Located on a quiet residential street in Mamaroneck’s Rye Neck area, the home is minutes from Harbor Island Park, local beaches, and waterfront recreation. Commuters can access the Mamaroneck Metro-North station with express service to Grand Central Terminal in under 40 minutes, and it’s also near Rye Neck schools.
The second-floor apartment is bright and inviting, with two bedrooms, a full bath, an eat-in kitchen, and a sun-filled living room. The property also includes an expansive level backyard.
Located on a quiet residential street in Mamaroneck’s Rye Neck area, the home is minutes from Harbor Island Park, local beaches, and waterfront recreation. Commuters can access the Mamaroneck Metro-North station with express service to Grand Central Terminal in under 40 minutes, and it’s also near Rye Neck schools.
Key Highlights
- Legal two‑family home with main‑level three bedrooms plus a second‑floor two‑bedroom apartment
- Oversized living room opens to eat‑in kitchen with direct access to a large covered porch
- Lower level includes a large recreation room, laundry area, and a second full bath
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
$69,049
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
5.75%
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%
$1,380,980
$1.4M
Cap Rate 7%
$986,414
$986.4K
Cap Rate 9%
$767,211
$767.2K
Market Conditions
NOI Build-Up for 3,545 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
$105.5K $29.76/SF
− Vacancy
−$6.9K −$1.93/SF
EGI
$98.6K $27.83/SF
− OpEx
−$29.6K −$8.35/SF
NOI
$69.0K $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%
$1,380,980
Cap Rate 7%
$986,414
Cap Rate 9%
$767,211
Alternative Uses
Best Use
Multifamily LT 5
$986.4K
$863.1K – $1.15M
NOI $69,049 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$868.6K
$760.0K – $1.01M
NOI $60,803 @ 7.0% cap · market cap 5.07%
Theoretical Best
Retail
$1.07M
$937.0K – $1.25M
NOI $74,957 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 10543, NY
21,296
Population
8,141
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
4,953
Density / Sq Mi
$128,418
Median Household Income
$69,176
Median Earnings
$2,030
Median Rent
$710,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family layout includes an oversized main living area, covered porch, and a bright second-floor apartment.
Where is this duplex located?
The property is located at 419 Beach Avenue Mamaroneck, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family home with main‑level three bedrooms plus a second‑floor two‑bedroom apartment; Oversized living room opens to eat‑in kitchen with direct access to a large covered porch; Lower level includes a large recreation room, laundry area, and a second full bath
