Two-Unit Duplex Straddling
42-566 Kinney Street Piermont, NY 10968
42-566 Kinney Street, Piermont, NY, 10968
$400,000
Pending
For Sale
$400,000
Pending
Two-unit residential income property sold as-is, with one apartment on Kinney Street and the other on Piermont.
Property Size900 SF
Days on Market321
Property Features for 42-566 Kinney Street
General Information
- Standard status
- Pending
- Size
- 900 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Skyler Realty LLC
(845) 357-8500
Listed by
Dean Colomban
(845) 357-8500
Source
Compass
Added: Sep 5, 2025 Updated: Jul 17 at 2:52AM Checked: Jul 22 at 8:24AM
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 Skyler Realty LLC
Investment Insights
Based on property information with market context.
This is a two-unit residential income property in a duplex configuration. The building contains two separate apartments, with each unit located on a different street address as described in the listing.
According to the provided information, one apartment is on 42 Kinney Street and the other is on 566 Piermont. The property is described as drive-by only and is being sold as-is.
The sale is noted as a short sale. No additional interior details, upgrades, or unit configuration information were provided beyond the two-unit layout.
According to the provided information, one apartment is on 42 Kinney Street and the other is on 566 Piermont. The property is described as drive-by only and is being sold as-is.
The sale is noted as a short sale. No additional interior details, upgrades, or unit configuration information were provided beyond the two-unit layout.
Key Highlights
- Two‑unit residential income property sold as‑is (drive by only).
- Building has brick construction and is on‑street.
- One unit address is 42 Kinney and the other unit is 566 Piermont.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $27.00 |
| − Vacancy | −$1.6k | −$1.76 |
| EGI | $22.7k | $25.25 |
| − OpEx | −$6.8k | −$7.57 |
| NOI | $15.9k | $17.67 |
900 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.2K
$198.8K – $265.1K
NOI $15,904 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$210.7K
$184.4K – $245.8K
NOI $14,749 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$595.1K
$520.7K – $694.2K
NOI $41,654 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit residential income property sold as-is, with one apartment on Kinney Street and the other on Piermont.
Where is this duplex located?
The property is located at 42-566 Kinney Street Piermont, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit residential income property sold as‑is (drive by only).; Building has brick construction and is on‑street.; One unit address is 42 Kinney and the other unit is 566 Piermont.
