Triplex with 7
For Sale
$1,859,888
46 Glen Rd, Eastchester, NY 10709
Income-producing triplex with in-unit laundry, central air, and radiant heated floors across three residential units.
Property Size4,800 SF
Lot Size10,000.00 Acres
Price / SF$387.48
Days on Market50
Property Features for 46 Glen Rd
General Information
Standard status
Active
Size
4,800 SF
Lot size
10,000.00 Acres
Property subtype
Multi Family
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$25,355
Building Details
Building Size
4,800 SF
Year Built
2010
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
LOMBARDO HOMES & ESTATES
(516) 200-6448
Listed By:
Joseph Lombardo · License #10311204851
(516) 200-6448
Source:
Elliman
Added: Jun 23
Changed: Aug 9
Last Checked: Aug 11 at 7:07AM
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 LOMBARDO HOMES & ESTATES
Investment Insights
Based on property information with market context.
Built in 1993, this triplex offers a total of 7 bedrooms and 5 full bathrooms. The interior features granite countertops and flooring, vaulted and cathedral ceilings, open kitchens with granite counters and modern appliances, and in-unit laundry. Additional comfort includes central air conditioning, fireplaces and ceiling fans, and full bathrooms with whirlpool tubs and separate showers, along with radiant heated floors that are partially heated granite. A finished basement adds extra living space. Outside, the property includes a stucco and brick exterior, an attached garage with multiple parking spaces, and a large private backyard with a patio, with city views from select areas.
Located at 46 Glen Rd in Eastchester, the home is within walking distance to the Crestwood Metro-North train station and close to shops, restaurants, supermarkets, and parks. Mobility scores show it as very walkable (walk score 76) with somewhat bikeable access (bike score 45) and moderate transit (transit score 33). Nearby schools include Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School, with easy access to major highways.
Designed for owners and investors, the property is currently generating $11,800+ in total monthly income. The first-floor 1-bedroom unit is paying $1,500 per month and is described as easily rentable up to $2,500 per month. The second-floor 3-bedroom, 2-bath unit is listed at $5,900 per month on a 1–3 year lease, and the third-floor 3-bedroom, 2-bath unit is listed at $4,400 per month on a 3-year lease. A multi-unit layout like this can also suit an owner-occupant seeking rental income from the remaining units.
Located at 46 Glen Rd in Eastchester, the home is within walking distance to the Crestwood Metro-North train station and close to shops, restaurants, supermarkets, and parks. Mobility scores show it as very walkable (walk score 76) with somewhat bikeable access (bike score 45) and moderate transit (transit score 33). Nearby schools include Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School, with easy access to major highways.
Designed for owners and investors, the property is currently generating $11,800+ in total monthly income. The first-floor 1-bedroom unit is paying $1,500 per month and is described as easily rentable up to $2,500 per month. The second-floor 3-bedroom, 2-bath unit is listed at $5,900 per month on a 1–3 year lease, and the third-floor 3-bedroom, 2-bath unit is listed at $4,400 per month on a 3-year lease. A multi-unit layout like this can also suit an owner-occupant seeking rental income from the remaining units.
Key Highlights
- Income‑producing triplex with 7 bedrooms, 5 full bathrooms, and approx. 4,800 SF on a approx. 10,000 SF lot
- Current total monthly income: $11,800+; first‑floor 1‑bedroom at $1,500/month (can rent up to $2,500/month)
- Second‑floor 3‑bedroom, 2‑bath rented at $5,900/month on a 1–3 year lease; third‑floor 3‑bedroom, 2‑bath at $4,400/month on a 3‑year lease
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
$116,149
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
6.24%
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%
$2,322,980
$2.3M
Cap Rate 7%
$1,659,271
$1.7M
Cap Rate 9%
$1,290,544
$1.3M
Market Conditions
NOI Build-Up for 4,800 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
$181.4K $37.80/SF
− Vacancy
−$15.5K −$3.23/SF
EGI
$165.9K $34.57/SF
− OpEx
−$49.8K −$10.37/SF
NOI
$116.1K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /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%
$2,322,980
Cap Rate 7%
$1,659,271
Cap Rate 9%
$1,290,544
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,149 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,667 @ 7.0% cap · market cap 5.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
Explore this area
Business Placement
Demographics for 10709, NY
10,131
Population
3,897
Households
2.6
Avg Household Size
44
Median Age
68%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
6,332
Density / Sq Mi
$175,424
Median Household Income
$87,577
Median Earnings
$1,955
Median Rent
$844,000
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?
Triplex - Income-producing triplex with in-unit laundry, central air, and radiant heated floors across three residential units.
Where is this triplex located?
The property is located at 46 Glen Rd Eastchester, NY.
What is the asking price?
The asking price for this property is $1,859,888.
What are key features of this property?
This property features: Income‑producing triplex with 7 bedrooms, 5 full bathrooms, and approx. 4,800 SF on a approx. 10,000 SF lot; Current total monthly income: $11,800+; first‑floor 1‑bedroom at $1,500/month (can rent up to $2,500/month); Second‑floor 3‑bedroom, 2‑bath rented at $5,900/month on a 1–3 year lease; third‑floor 3‑bedroom, 2‑bath at $4,400/month on a 3‑year lease
