Side-by-Side
New
For Sale
$799,999
47-49 Sylvan Place, New Rochelle, NY 10801
Separate entrances serve the two residences, with garage and driveway parking available.
Property Size2,498 SF
Days on Market6
Property Features for 47-49 Sylvan Place
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$17,264
Building Details
Building Size
2,498 SF
Year Built
1926
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Rosetta Bulfamante
(914) 403-0617
Source:
Cottiemaxwellrealestate
Added: Sep 20
Changed: Sep 25
Last Checked: Sep 24 at 7:27PM
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.
Built in 1926, this two-family property contains side-by-side residences, each with two bedrooms, a full bathroom, a formal dining room, and an updated kitchen. The first-floor unit also has an enclosed front porch and access to a finished basement with laundry, storage, and flexible workspace. Both residences have private entrances. A level backyard, two-car garage, and additional driveway parking are also part of the property.
At 47-49 Sylvan Pl in New Rochelle, the property is on a dead-end street near train service, shopping, restaurants, and transportation options.
At 47-49 Sylvan Pl in New Rochelle, the property is on a dead-end street near train service, shopping, restaurants, and transportation options.
Key Highlights
- Two residences, each with two bedrooms and one full bathroom
- Separate private entrances for both units
- First‑floor unit includes an enclosed porch and finished basement
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
$48,656
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
6.08%
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%
$973,120
$973.1K
Cap Rate 7%
$695,086
$695.1K
Cap Rate 9%
$540,622
$540.6K
Market Conditions
NOI Build-Up for 2,498 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
$74.3K $29.76/SF
− Vacancy
−$4.8K −$1.93/SF
EGI
$69.5K $27.83/SF
− OpEx
−$20.9K −$8.35/SF
NOI
$48.7K $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%
$973,120
Cap Rate 7%
$695,086
Cap Rate 9%
$540,622
Alternative Uses
Best Use
Multifamily LT 5
$695.1K
$608.2K – $810.9K
NOI $48,656 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$612.1K
$535.6K – $714.1K
NOI $42,845 @ 7.0% cap · market cap 5.36%
Theoretical Best
Retail
$754.6K
$660.2K – $880.3K
NOI $52,819 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
534
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
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 - Separate entrances serve the two residences, with garage and driveway parking available.
Where is this duplex located?
The property is located at 47-49 Sylvan Place New Rochelle, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one full bathroom; Separate private entrances for both units; First‑floor unit includes an enclosed porch and finished basement
