Two-Family Duplex with
New
For Sale
$849,000
44 Lafayette Avenue, New Rochelle, NY 10801
Two residential units provide a two-bedroom-over-two-bedroom layout with separate living areas.
Property Size2,146 SF
Lot Size0.11 Acres
Price / SF$395.62
Days on Market6
Property Features for 44 Lafayette Avenue
General Information
Standard status
Active
Size
2,146 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,367
Building Details
Building Size
2,146 SF
Year Built
1900
Construction
Colonial Revival
Listing Agency:
RE/MAX Prestige Properties
Listed By:
Daniel Berger · License #10491208765
(914) 565-0665
Source:
Cottiemaxwellrealestate
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 21 at 8:19AM
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 Prestige Properties
Investment Insights
Based on property information with market context.
Built in 1900, this Colonial Revival-style duplex contains two residential units arranged as a two-bedroom upper residence over a two-bedroom lower residence. The property provides 2,146 square feet of interior living space on a 0.11-acre lot, creating a distinct two-unit configuration within a single dwelling.
A detached 696-square-foot garage accompanies the home and offers room for up to four automobiles, along with potential workshop or storage use. The property’s two-unit design may support owner occupancy with rental income, investment ownership, or multigenerational living, subject to applicable requirements. Its period architectural character and existing layout provide a defined foundation for future updating while retaining the building’s historic style.
A detached 696-square-foot garage accompanies the home and offers room for up to four automobiles, along with potential workshop or storage use. The property’s two-unit design may support owner occupancy with rental income, investment ownership, or multigenerational living, subject to applicable requirements. Its period architectural character and existing layout provide a defined foundation for future updating while retaining the building’s historic style.
Key Highlights
- Two‑family duplex with 2‑bedroom upper and lower units
- 2,146 square feet of interior living space
- Detached 696‑square‑foot garage
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
$41,800
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
4.92%
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%
$836,000
$836.0K
Cap Rate 7%
$597,143
$597.1K
Cap Rate 9%
$464,444
$464.4K
Market Conditions
NOI Build-Up for 2,146 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
$63.9K $29.76/SF
− Vacancy
−$4.2K −$1.93/SF
EGI
$59.7K $27.83/SF
− OpEx
−$17.9K −$8.35/SF
NOI
$41.8K $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%
$836,000
Cap Rate 7%
$597,143
Cap Rate 9%
$464,444
Alternative Uses
Best Use
Multifamily LT 5
$597.1K
$522.5K – $696.7K
NOI $41,800 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$525.8K
$460.1K – $613.5K
NOI $36,808 @ 7.0% cap · market cap 4.34%
Theoretical Best
Retail
$648.2K
$567.2K – $756.3K
NOI $45,376 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,021
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residential units provide a two-bedroom-over-two-bedroom layout with separate living areas.
Where is this duplex located?
The property is located at 44 Lafayette Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family duplex with 2‑bedroom upper and lower units; 2,146 square feet of interior living space; Detached 696‑square‑foot garage
