Triplex with Attached
For Sale
$1,859,888
46 GLEN RD, Eastchester, NY 10709
MULTI_FAMILY - EASTCHESTER, NY
Property Size4,800 SF
Lot Size0.14 Acres
Price / SF$387.48
Days on Market50
Property Features for 46 GLEN RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 1, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 6, Laundry Room, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Driveway
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s), Entrance Foyer, Master Downstairs
Fencing
Fenced
Fireplace
1
High school district
EASTCHESTER
Standard status
Active
Size
4,800 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
25355
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Amenities
granite countertops and flooring
radiant heated floors
vaulted and cathedral ceilings
open kitchens
whirlpool tubs
in-unit laundry
central air conditioning
fireplaces
ceiling fans
finished basement
private backyard with patio
city views
Building Details
Year built
2005
Floors in Building
3
Flooring type
Hardwood, Marble, Granite, Tile
Building materials
Masonite, Brick
Roof type
Asphalt
Listing Agency:
LOMBARDO HOMES & ESTATES
(516) 200-6448
Listed By:
Joseph Lombardo · License #10311204851
(516) 200-6448
Added: Jun 23
Changed: Aug 2
Last Checked: Aug 11 at 11:06PM
MLS# 11847194
Copyright © 2026 My State 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 offers a residential income layout with multiple bedrooms and bathrooms, plus in-unit laundry and a finished basement providing additional living space. Interior finishes include granite, marble, hardwood, and tile flooring, with radiant heated floors (partially heated granite) and natural gas baseboard heat. The home also features central air conditioning, fireplaces, and ceiling fans, along with vaulted and cathedral ceilings and open kitchens with granite countertops and modern appliances.
Outside, the property includes a fenced yard with a patio and deck, plus an attached garage with multiple parking spaces. The exterior is described as stucco and brick. The roof is asphalt, and the water source is public.
Utilities are structured so tenants pay utilities, and there will be three separate gas and electrical meters installed in September. The property is located at 46 Glen Rd in Eastchester, Westchester County, NY, on a 0.14-acre lot. It is described as within walking distance of the Crestwood Metro-North train station, with access to local shops, restaurants, supermarkets, and parks. Listed school options are Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School.
Outside, the property includes a fenced yard with a patio and deck, plus an attached garage with multiple parking spaces. The exterior is described as stucco and brick. The roof is asphalt, and the water source is public.
Utilities are structured so tenants pay utilities, and there will be three separate gas and electrical meters installed in September. The property is located at 46 Glen Rd in Eastchester, Westchester County, NY, on a 0.14-acre lot. It is described as within walking distance of the Crestwood Metro-North train station, with access to local shops, restaurants, supermarkets, and parks. Listed school options are Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School.
Key Highlights
- 4,800 SF triplex on a 0.14‑acre lot
- In‑unit laundry plus central air conditioning
- Radiant heated floors (partially heated granite) and natural gas baseboard heating
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
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 featuring in-unit laundry, central air, granite finishes, and a fenced patio deck with an attached garage.
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: 4,800 SF triplex on a 0.14‑acre lot; In‑unit laundry plus central air conditioning; Radiant heated floors (partially heated granite) and natural gas baseboard heating
