Duplex with Finished
New
For Sale
Contact for pricing
437 E 3rd Street, Mount Vernon, NY 10553
Finished attic and basement spaces extend the property beyond its two main residential levels.
Property Size2,000 SF
Days on Market2
Property Features for 437 E 3rd Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
partially renovated
Site & Location
Neighborhood
Parkside
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,627
Building Details
Building Size
2,000 SF
Year Built
1925
Buildings
1
Listing Agency:
Keller Williams Realty Group
Listed By:
Latrisha Asante
(347) 538-6874
Source:
Totallywestchester
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 3 at 2:43PM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex has two main levels, each arranged with two bedrooms and one full bathroom. The property also includes a finished attic, a finished basement, an additional sub-basement, and a porch. Renovation work is underway, with further improvements remaining.
The two-level layout provides four bedrooms and two full bathrooms in total, with additional finished and below-grade spaces.
The two-level layout provides four bedrooms and two full bathrooms in total, with additional finished and below-grade spaces.
Key Highlights
- Two main levels, each with 2 bedrooms and 1 full bathroom
- Finished attic and finished basement
- Additional sub‑basement and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,956
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,120
$779.1K
Cap Rate 7%
$556,514
$556.5K
Cap Rate 9%
$432,844
$432.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$59.5K $29.76/SF
− Vacancy
−$3.9K −$1.93/SF
EGI
$55.7K $27.83/SF
− OpEx
−$16.7K −$8.35/SF
NOI
$39.0K $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 Rate 5%
$779,120
Cap Rate 7%
$556,514
Cap Rate 9%
$432,844
Alternative Uses
Best Use
Multifamily LT 5
$556.5K
$487.0K – $649.3K
NOI $38,956 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.7K
NOI $34,304 @ 7.0% cap · market cap 4.04%
Theoretical Best
Retail
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
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Business Placement
Demographics for 10553, NY
11,281
Population
3,801
Households
3
Avg Household Size
38
Median Age
43%
College-Educated
82%
High-School Grad
0.7 sq mi
ZIP Area
16,116
Density / Sq Mi
$84,173
Median Household Income
$52,668
Median Earnings
$1,771
Median Rent
$490,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Finished attic and basement spaces extend the property beyond its two main residential levels.
Where is this duplex located?
The property is located at 437 E 3rd Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two main levels, each with 2 bedrooms and 1 full bathroom; Finished attic and finished basement; Additional sub‑basement and porch
