Triplex Investment Property with
For Sale
$1,859,888
46 Glen Road, Eastchester, NY 10709
MULTI_FAMILY - Colonial - Eastchester, NY
Property Size4,800 SF
Lot Size0.14 Acres
Price / SF$387.48
Days on Market51
Property Features for 46 Glen Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 4, Basement
Parking
8
Parking features
Garage, Driveway
Patio and Porch features
Patio, Porch
Interior features
Washer/Dryer Hookup
Fencing
Fenced
Fireplace
1
Basement
Finished, Walk-Out Access, Full
Lot features
Landscaped, Near Golf Course, Near Public Transit, Near School, Near Shops
Elementary school
Waverly Early Chldhd Center
Middle school
Eastchester Middle School
High school
Eastchester Senior High School
Elementary school district
Eastchester
Middle school district
Eastchester
High school district
Eastchester
Standard status
Active
APN
2489-040-000-00002-000-0039
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
25355
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Natural Gas
Cooling system
Central Air, ENERGY STAR Qualified Equipment
Water source
Public
Amenities
granite countertops
radiant heated floors
vaulted ceilings
cathedral ceilings
open kitchens
whirlpool tubs
separate showers
in-unit laundry
central air conditioning
fireplaces
ceiling fans
finished basement
attached garage
private backyard
patio
city views
Building Details
Year built
2010
Number of units
3
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Lombardo Homes & Estates
(516) 200-6448
Listed By:
Joseph V. Lombardo CBR · License #10311204851
(516) 200-6448
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 11 at 11:06PM
MLS# 1017079
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex investment property offers a total of seven bedrooms and five full bathrooms across the home, with approximately 4,800 square feet of living space. Key interior features include radiant heated floors, vaulted and cathedral ceilings, central air conditioning, a fireplace, and washer/dryer hookup. The design includes open kitchens with granite countertops and modern appliances, along with in-unit laundry support and a finished basement for additional living space.
Outside, the home features stucco exterior construction, a fenced yard, and a large private backyard with a patio. Parking is provided via an attached garage and a driveway.
Tenants pay utilities, and there will be three separate gas and electrical meters installed in September. Public water and public sewer services are provided. The property is connected to natural gas heating, and it uses Energy Star-qualified equipment for heating and cooling.
Outside, the home features stucco exterior construction, a fenced yard, and a large private backyard with a patio. Parking is provided via an attached garage and a driveway.
Tenants pay utilities, and there will be three separate gas and electrical meters installed in September. Public water and public sewer services are provided. The property is connected to natural gas heating, and it uses Energy Star-qualified equipment for heating and cooling.
Key Highlights
- Approximately 7 bedrooms and 5 full bathrooms
- Approximately 4,800 sq ft total building size
- Approximately 0.1416‑acre lot
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
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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 - Triplex with central air, radiant heated floors, and a fenced backyard patio, plus attached garage and driveway parking.
Where is this triplex located?
The property is located at 46 Glen Road 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: Approximately 7 bedrooms and 5 full bathrooms; Approximately 4,800 sq ft total building size; Approximately 0.1416‑acre lot
