Duplex with Level Side
For Sale
Contact for pricing
42 Chatsworth Place, New Rochelle, NY 10801
Two-unit property with separate upstairs and downstairs residences, a side entrance, and a level side yard.
Property Size2,268 SF
Price / SF$308.20
Days on Market17
Property Features for 42 Chatsworth Place
General Information
Standard status
Active
Size
2,268 SF
Class
B
Total Parking Spaces
1
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1966
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
KW Commercial - First in New York
(845) 344-7170
Listed By:
Joseph Distelburger · License #NY 30DI0835053
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 20 at 9:05PM
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 KW Commercial - First in New York
Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex was built in 1966 and contains separate upstairs and downstairs residences. The upper unit is described as clean and updated, while the lower unit requires basic work. A side entrance provides access to the level side yard.
The property is situated on a dead-end street near ballfields. The upper residence has had the same tenant for 4 years, while the lower tenancy has continued for 8 years before an eviction notice was issued. The basement has a long-standing water issue, with sump pumps in operation.
The property is situated on a dead-end street near ballfields. The upper residence has had the same tenant for 4 years, while the lower tenancy has continued for 8 years before an eviction notice was issued. The basement has a long-standing water issue, with sump pumps in operation.
Key Highlights
- 2,268 SF duplex built in 1966
- Separate upstairs and downstairs residences
- Upper unit tenant in place for 4 years
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
$44,176
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
6.32%
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%
$883,520
$883.5K
Cap Rate 7%
$631,086
$631.1K
Cap Rate 9%
$490,844
$490.8K
Market Conditions
NOI Build-Up for 2,268 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
$67.5K $29.76/SF
− Vacancy
−$4.4K −$1.93/SF
EGI
$63.1K $27.83/SF
− OpEx
−$18.9K −$8.35/SF
NOI
$44.2K $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%
$883,520
Cap Rate 7%
$631,086
Cap Rate 9%
$490,844
Alternative Uses
Best Use
Multifamily LT 5
$631.1K
$552.2K – $736.3K
NOI $44,176 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$555.7K
$486.3K – $648.3K
NOI $38,900 @ 7.0% cap · market cap 5.57%
Theoretical Best
Retail
$685.1K
$599.5K – $799.3K
NOI $47,956 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
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 - Two-unit property with separate upstairs and downstairs residences, a side entrance, and a level side yard.
Where is this duplex located?
The property is located at 42 Chatsworth Place New Rochelle, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,268 SF duplex built in 1966; Separate upstairs and downstairs residences; Upper unit tenant in place for 4 years
