Side-by-Side Duplex with
For Sale
Contact for pricing
46-48 Robertson Avenue, White Plains, NY 10606
Two separately metered residences each offer three bedrooms, an eat-in kitchen, dining room, and living room.
Property Size3,600 SF
Lot Size0.14 Acres
Days on Market14
Property Features for 46-48 Robertson Avenue
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.14 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,162
Amenities
hardwood floors
private backyard
garage
separate meters
walk-up attic
Building Details
Building Size
3,600 SF
Year Built
1964
Buildings
1
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Heidi Oliver
(914) 328-8400
Source:
Totallywestchester
Added: Sep 22
Changed: Oct 4
Last Checked: Oct 4 at 1:55PM
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 Houlihan Lawrence Inc.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two separately metered residences, each with three bedrooms, one full bathroom, an eat-in kitchen, a dining room, and a living room. Hardwood floors run throughout. A walk-up attic and garage are also part of the property, which occupies a level 0.14-acre lot with a private backyard. Built in 1964, the property offers two distinct residential layouts under one roof.
The White Plains address places the property a short distance from Metro-North, downtown, shopping, dining, and transportation. The source also notes an approximately 40-minute commute to Grand Central Terminal.
The White Plains address places the property a short distance from Metro-North, downtown, shopping, dining, and transportation. The source also notes an approximately 40-minute commute to Grand Central Terminal.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1 full bathroom
- Separate meters for each residence
- 0.14‑acre level lot with private backyard
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
$70,121
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
5.87%
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%
$1,402,420
$1.4M
Cap Rate 7%
$1,001,729
$1.0M
Cap Rate 9%
$779,122
$779.1K
Market Conditions
NOI Build-Up for 3,600 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
$107.1K $29.76/SF
− Vacancy
−$7.0K −$1.93/SF
EGI
$100.2K $27.83/SF
− OpEx
−$30.1K −$8.35/SF
NOI
$70.1K $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%
$1,402,420
Cap Rate 7%
$1,001,729
Cap Rate 9%
$779,122
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$876.5K – $1.17M
NOI $70,121 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$882.1K
$771.8K – $1.03M
NOI $61,746 @ 7.0% cap · market cap 5.17%
Theoretical Best
Retail
$1.09M
$951.5K – $1.27M
NOI $76,120 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 10606, NY
16,929
Population
6,920
Households
2.4
Avg Household Size
38
Median Age
45%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
11,286
Density / Sq Mi
$114,956
Median Household Income
$56,651
Median Earnings
$2,452
Median Rent
$667,900
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 separately metered residences each offer three bedrooms, an eat-in kitchen, dining room, and living room.
Where is this duplex located?
The property is located at 46-48 Robertson Avenue White Plains, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1 full bathroom; Separate meters for each residence; 0.14‑acre level lot with private backyard
